If you’re looking to buy a second-hand vehicle, you are not alone. Between dealerships and private-party sales, more or less 40 million second-hand car exchange ownership every year. With a lot of choices, finding the right vehicle that suits your need can be very tough and challenging.
We have created a list of steps that will help you find a perfect used car to buy in a breeze. You can find affordable and still usable second-hand vehicles in different places like a private-party seller, used-car stores, or brand new-car dealerships.
Step 1: How much money are you willing to pay for a second-hand car
The rule of thumb: If you’re getting a loan or borrow money for the vehicleyou are buying, the car payment shouldn’t 20 percentor more of the money you are taking home. If you have a tight budget, decide whether you want topay less money on the car. Second-hand vehicles need extra attention — maintenance, new tires, engine checks and the like.
And there are other ownerships cost most owners sometimes forgot to consider, like an insurance policy and fuel cost. If the vehicle you are buying doesn’t have a warranty, it will be a good idea to save a little money as an emergency fund in case you face unexpected repairs for your car.
Step 2: Make a target list of second-hand vehicles
It is no secret that the Toyota Camry and Honda Accord are one of the most popular used cars in the market. But Camry and Accord might cost a few extra thousand dollars than Kia Optima or Kia Fusion, even though both cars are as good as the Toyotas and the Hondas.
If you’retrying to save money, you need to consider another brand. We suggest that you should make an inventory of all the brands that fall within your budget range. If you plan to buy a car that’s five years old or below, you need to consider that the vehicle should be certified as a second-hand vehicle or CPO. Know more about CPO by visiting https://en.wikipedia.org/wiki/Certified_Pre-Owned.
CPO cars have warranties for a long period of time backed by the manufacturers. Franchised dealerships that sell new cars with the same brand and models are the only one certified to sell CPO cars with the same brand if you want to buy a certified used vehicle.
For example, you want to buy a second-hand Chevrolet Cruze, and you want to buy it from a legitimate Chevrolet car dealer.
Step 3: You need to check the price of the car you are planning to buy
Prices rise or drops depending on where you are buying the used car. You will find second-hand vehicles in a used-cars section of car shops like Fresno dealerships, second-hand car retailers like CarMax, private used-car lots, and websites where independent-party sellers list their cars.
Among the four choices, individual or private-party vehicles will have the lowest price. CPO or certified pre-owned vehicles usually are, the more expensive ones. To know how much other people are paying for the same model and brandyou are buying, the best thing to do is to check the websites of car dealerships for second-hand cars, check the vehicles from dealerships near your area personally, or you can ask your friends and families for any recommendations.
Step 4: Check any second-hand car sale near you
The best way to start your list on used cars you can buy is to check all the second-hand car dealerships near your area. To find the vehicle that you want, you can shorten your search list by making sure that factors like the mileage on the car’s odometer, the price and the car’s features, as well as the distance of the dealership from your house. You can also check the Internet to check other vehicle dealerships outside your area to save a lot of time.
Step 5: You need to check the history report of the vehicle you are buying
Unless you are buying the car from a family member or a close friend who can vouch for the car’s history, you need to buy a vehicle that has a thorough history report. It is essential to make sure that you are purchasing the right vehicle whit no hidden defects, not used by a criminal, or the car doesn’t have any outstanding balance.
If you want to know how to get a thorough report on your car history, click here.
If the second-hand vehicle you are buying has a bad history report, the sooner you know about it, the better. Carfax and AutoCheck are two of the most popular sources for car history reports. They can reveal relevant information about the vehicle, including if the odometer has been rolled back if the title has been salvaged, which means the insurance company declared it as a total loss.
You will use the vehicle identification number or the VIN to get all the needed information, but there are times that all you need is the car’s license plate number to get the information.