Buying a used car can be a very
tricky and stressful process. Each car has a unique history which can either work in
your favor or become your biggest nightmare.
We will share with you 5 simple
ways to make your next car buying experience as easy and smooth as possible. You need
to be very careful when buying a used car. One of the most
important steps is to make sure to run a used car history report in addition to
having a certified mechanic inspect the car on a lift. You can
easily end up with a lemon or rebuilt car. When you see a horrific wreck on the
highway you probably don't realize that many of those cars end up repaired,
rebuilt and sold on the used car marked.
Buying a used car however, if done properly, has its
positives. For example, you will get more value for your dollar since someone
else has taken the initial depreciation hit when buying new.
Tip #1 - Find the right car for you.
Often we search online for numerous services and companies.
Should car buying be any different? Well you shouldn't just go out to used car
dealerships and start the shopping process. Go to the local newspaper websites to
view the automotive classifieds to view ads for cars that are close to you.
However, to get the largest selection, you should search
online using used car classifieds sites such as, Cars.com, Edmunds, Car Gurus, to name a
few.
Tip #2 - Check Vehicle History Report.
With so many scammer out there. You should never buy a used
car without first running a history report. If the VIN isn't clearly listed in the
ad and the seller won't give it to you then move on to the next car. They
are most likely trying to hide something. Since you are normally buying a used
car "As Is," you will want to know about any problems before the
purchase. We recommend a Car
Fax report to be able to compare your next vehicle's history.
Tip #3 - Financing.
Financing can be handled in many different ways. You can
seek financing through your personal bank. However, most consumers rely on the
dealership to help with this process. It is important to understand how this
process works. Be prepares with the basic documents in case they are needed.
The basic requirements when financing usually consist of the following:
1. A valid Driver License. Matricula consular, Passport are
a few other acceptable forms of ID.
2. Recent proof of address. Current utility bill or another
mailed document (bank statement).
3. Recent proof of income, Check stubs or bank statements,
Self employment and cash job requirements may vary.
Tip #4 - Take
a Test Drive
As you drive the vehicle turn the radio
off and listen for noises, rattles, or grinding sounds. If you hear rattling in
the quarter panels, the car may have been in a wreck. See if the car shifts smoothly.
Check the heater and the A/C. When the A/C kicks on, listen for grinding
noises, which can be a sign of the worn compressor bearings.
As
you drive check the alignment, see if the car bears to the left or right. See
how the brakes are. Ask the seller when the brake pads were last replaced. Check
under the hood to see how clean the engine is. Check the transmission fluid and
make sure it's not black. Check the air pressure in the tires and check for
uneven wear on the tread. Look for missing or burned out bulbs inside and out.
If the car has retractable headlights, make sure they pop up and turn on. Make
sure the brake lights, reverse lights and directional lights work.
Tip #5 - Extended Warranties.
If you
buy a used car that is no longer covered by the manufactures warranty, you are
at risk for expensive repairs. That's why an extended warranties are an
essential part of the used car buying process. It's actually not necessary to acquire
your warranty directly with the dealership. Carchex and Warranty Direct are
two highly reviewed competitors offering extended warranties.
If you
buy a 3 or 4 year old used car, chances are that the manufacturer's warranty
has expired, don't take the chance if you can avoid it.
Here's a
quick checklist you can print and bring with you when going to see your next
used car.
Used-Car Checklist
