Pointers On How To Prudently Search For A Used Car

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Pointers On How To Prudently Search For A Used Car

Wednesday, October 1st, 2008 by www Subscribe To My Feed

Choosing to purchase a used car or truck rather than brand new vehicle is a smart decision that can save you thousands of dollars in depreciation costs, taxes and dealership fees - especially when also tossing in the ongoing costs of maintenance and accessories.

However, as the purchaser of a used vehicle, you expose yourself to greater risks. For your protection as a consumer and to save money, keep reading for 5 hot tips from the experts on how to buy a used car the smart way!

1. Narrow Your Search

If you know the car you want before you start hunting, you’re going to be an informed consumer and more likely to buy a quality vehicle than a dud that just happens to catch your eye on the used car lot.

Even if you can narrow your search to two or three models, you’ll be able to focus your hunt and read up on your favored cars.

2. Know the Blue Book Value

Using either the Kelley Blue Book (kbb.com) or the NADA Guide you can look up a car’s current market value based on its year, make, model, mileage, condition and location.

Remember, the values will change depending on whether you’re trading in a vehicle, buying the car wholesale or purchasing it retail. Also, the book value of a car is not set in stone, but rather is a basic guideline with which to work.

3. Have the Vehicle Inspected

Before you purchase any used car, unless it comes with a warranty and certification directly from the manufacturer, you should always have it inspected and evaluated by an independent mechanic.

Their objective, third-party opinion will provide you an informed look at the car and help make you aware of any potential problems or repair costs that the seller may not have disclosed or even known about himself.

4. Order a Vehicle History Report

With just the Vehicle Identification Number (VIN) of a car, you can obtain a vehicle history report from a service like CARFAX. Their reports give you a full title and sale history of the car along with odometer readings and information about whether the car has ever been salvaged or reported as damaged in a flood.

5. Recognize Idicators of Stolen Cars

If you do decide to purchase a used car through a private sale and not a dealer, keep an eye out for stolen vehicles. Avoid sellers whose names and addresses don’t match the vehicle registration - and make sure the person actually has a current registration. Also, stay away from cars that seem freshly painted or show possible tampering around the VIN plates.

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