How to buy a preloved car

How to buy a preloved car

The used car market has become more popular than ever before, due to the state of the economy. Why not buy a new car? Simply put, most people just can’t afford to buy a new car, so a used car, or pre-loved car is their only alternatve.

In the same way as when you are buying anything, you should never just go out and merely buy the first shiny thing that takes your fancy. A used car has a history, possibly from a number of owners, and you have no way of knowing just what treatment a car may have endured before you came along. Here are a few things to think about before your purchase.

Being safely covered when buying a used car,is far more likely when doing so from a reputable dealership, as they have more to lose, rather than from a newspaper advertisement, or a messageboard at the local shopping centre. There are, of course, used car dealers are just simply dishonest, so talking to as many people in your local area as possible, will give a better idea of who is trustworthy or not. To be even safer, perform a search on google for the terms: XYZ used cars a ripoff; or XYZ Co. disreputable, or similar. This will alert you to any conversations going on in the forums and social sites, as to the personal opinions of previous dealings with whichever dealer. Buying a used car “as is” can be a trap for unwary buyers, try to get a warranty on the vehicle you purchase as an added safety net.

Used car dealers make more money when you finance a car through them, so it would be prudent to get your credit checked, if you are going to have the vehicle financed, before you go to buy the vehicle. If you are going to have the vehicle financed, you better hope you don’t have any blemishes on your credit report. Could be embarrasing. Naturally, you will want to be sure you get the best APR (annual percentage rate) available, so, as often is the case, if it is too high at the dealership, apply for your loan from a bank. They may provide you with a better rate, considering the competition between banks these days.

Not all used cars are bad and not all car dealers are suspect, unfortunately, they are out there and it pays to be careful. Using a bit of common sense, and taking your time to do a bit of research, will pay-off in the long run when you go to buy a pre-loved car.

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