Published on July 28th, 2020 | by James Simpson0
5 Things to Consider Before Purchasing a Used Car
However, whilst there are many benefits of owning a used car, there are also some downsides to consider. For example, as it is a used car and not brand new off of the production line, it’s likely that there are certain repairs that need to be carried out.
But that’s not the only thing that you should think about before purchasing a used car, however. You’ll also have to keep the following in mind when searching for one:
The Price of The Car
Even though the majority of used cars are cheaper than new ones, that’s not always the case. For example, if you’re looking for a classic Ferrari or Jaguar, it could cost you upwards of £1 million.
The cost of the car will not only depend on how rare it is, but it’s condition and age. So at the start of the process, it’s important that you identify exactly what type of car you want, before researching online for the best price available.
How Much The Insurance Will Cost
Another key consideration is how much the insurance will cost for your used car. Although this is never as much as the purchase price, it could become expensive – especially if it’s a vintage car. That’s why it’s vital to sit down and compare and contrast the costs of different insurance providers.
Once you’ve done this, check to see what’s included in the cover – e.g does it include breakdown cover, windscreen cover, etc. Luckily, there are plenty of insurance providers out there to choose from (you can find out more about one of these here).
The Vehicle’s History
One of the most important things to consider is the vehicle’s history. There’s nothing worse than buying a used car to find that it’s been in an accident or has any underlying issues. So before you purchase the car, make sure that you do a thorough vehicle check online. This can be done easily, through the DVLA and other sites.
The Condition of the Car
Although we’ve already briefly touched on this above, it’s importance makes it worth its own point. As well as any repairs that need to be done to it internally, you’ll also want to look at the external condition of the car. Does it require a lick of paint? Are all the lights working correctly? Does the windscreen have any chips on it? These are some of the things you should be thinking about when looking at used cars.
If you then discover that the car is in need of any repairs or maintenance, you can either use it as a way of lowering the price or ask the seller to get this done prior to you purchasing it. For the latter, you could still offer the full asking price, but have the peace of mind that the car is in the best condition possible without paying out for the repairs yourself.
And the last thing to consider is where you will purchase it from. Used cars are available from both private sellers and dealerships across the country. This flexibility means that you can compare and contrast different sellers and their cars, before settling on the best one for you.
During this process, pay close attention to their legitimacy, how communicative they are with you, any reviews they have got from customers in the past, etc.
So, there you go! Those are just 5 of the things you should consider before purchasing a used car. At the end of the day, the preparation you do and what you look out for is up to you. But by making sure you’re as organised as possible, the process of purchasing a used car will run far more smoothly.