At the core of virtually any decision to buy a used vehicle as opposed to a brand new one is the cost factor involved. I mean let’s make no bones about it – if you could afford to buy a brand new BMW or Mercedes Benz, etc, that’s exactly what you’d do right? By affordability, I mean that in the true sense and not by the measure of what the bank says you can afford, based on your ability to pay back the auto finance they want to give you as well as the interest, which is how they make their money. No.
The most honest of financial advisors will tell you that in order for anything to be legitimately put under the “affordable” bracket of your personal financial segmentation, you should be able to pay cash for it, or you should be able to comfortably pay it off in reasonable installments in the case of it being a significant investment or expense. So what good is the latest model of the shiniest upper consumer class car if all it does is drain your income?
In buying a used car though, which I’ll emphasise again to be a much more financially sensible purchase than buying brand new, you have to be careful not to fall into the trap of that car causing you more harm than good. It has to be sensible in that it doesn’t fall too far down the maintenance line that it ends up costing you more than what you would have paid for the maintenance and running costs of a new car. Obviously, there are lots of used cars for sale online. By visiting a website like AmericanListed, people could find a bmw e30 for sale, for example. However, before purchasing a used car, make sure to contact the seller and ask for the history of the car. You could also take someone who is more knowledgeable about cars to see it too. This way, the chances of getting hold of a car with manufacturing defects would be minimal. Though a reputed New York, Washington, or Massachusetts Repossession Lawyer (depending on where you are buying the car) can come to your rescue in case you end up with a defective car uninformed, taking preventive measures to avoid such situations is always better.
If online sales don’t work, you always have the option to depend on car dealerships. However, do choose one with a good customer feedback record. Reliable dealership businesses would use management solutions like US Dealer Track that can help customers with accurate details on any used cars. There are some specific consideration pointers you’d be well-advised to look at before you eventually settle on the used car over a brand new model. Be sure to check the car history, the repair and service dates, and not just the price value.
Taking a leaf out of the books of a short term car insurer, 10 tips for buying a used car come into view and what better source to get such tips than a short term auto insurer, right? If anybody knows all about the elements that come together to make up the running value of a vehicle, it’s the likes of Dayinsure!
One of these tips is actually a combination of two tips explored in greater detail on their list, which is going for a smaller car (a smaller engine consumes less fuel) which is at least a year old. That alone knocks out many of the would-be factors which can serve to negate the otherwise positive cost-saving intentions associated with buying a used vehicle.