Buying a used vehicle is a great way to save money, and since many used vehicles work just as well as new models, you can cut thousands off the price tag while still enjoying that “new car” feeling. But when it comes to buying used, you want to ensure you’re getting the highest quality vehicle you can count on for years to come. In this article, you’ll learn five ways to make sure that any used vehicle you consider is worth the money.
Look for Certified Pre-Owned Models
Auto dealerships often offer certified pre-owned vehicles, which have undergone detailed inspection and comprehensive maintenance. They must meet their manufacturers’ standards and typically have mileage limits.
Buying a certified pre-owned vehicle also comes with a warranty, which can give you greater peace of mind when you drive off the lot.
Check the Vehicle’s History
Request a history report to fully understand the vehicle’s background. What services have been performed in the past? Has it ever had any major malfunctions or required replacements of crucial parts, like the engine? You can use the NMVTIS to get the full background on a vehicle by entering its VIN.
Learn About the Model
Every car model has its quirks or certain issues it may be prone to having. Research any model extensively, read reviews, and check if the vehicle you’re considering buying has had any problems in the past. This step goes beyond just learning about a vehicle’s history; it gives you a bird’s eye view of the model and can help you anticipate any repairs you might have to pay for.
Remember, when you buy a vehicle, you have to factor in the cost of ownership as well. A used vehicle with a low price may seem tempting, but if it winds up costing thousands of dollars in the first few years to maintain, it isn’t worth it. Only choose models with good performance and safety ratings, so you can feel confident that the one you buy will be up to your standards.
Check the Market Value
Use the Kelley Blue Book to look up a model and see what it’s worth. You should only pay fair market value for a vehicle. Unless they’re exotic or vintage, cars lose value over time. This means you shouldn’t be paying thousands of dollars above what a car is worth years after it came out. The KBB offers used car prices to help shoppers make sure they’re getting a fair deal. Type in the make, model, and year to get an estimate of what a vehicle is worth.
Compare Dealers and Sellers
Once you’ve settled on a make and model, look for multiple vehicles for sale near you. See how their prices compare. Knowing the fair market value beforehand will make this step more beneficial. You can measure the prices you see against what you know the vehicle is worth, then find the most reputable and affordable sellers.
And remember, if a car’s price seems too good to be true, it probably is. Never buy from a private seller who seems to be practically giving a vehicle away for free. You’re much better off buying from a dealer with a good reputation, as well as a warranty, to protect your investment.
Published by: Holy Minoza
