Should I Buy A New Car Or Keep Old One Checklist For Buying Pre-Owned Cars

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Checklist For Buying Pre-Owned Cars

Potential buyers have the option of buying a used car or buying a new car. A potential buyer’s choice depends on his or her budget, financial capabilities and personal preferences. Buying a used car is a little different than walking into a dealership and buying a new car. Buyers tend to overlook some important aspects when buying used cars. Here’s a checklist of a few important parameters prospective buyers should keep in mind when buying a used car.

Budget: It is very important to have a rough budget in mind before looking for used cars. Auto experts recommend that buyers keep at least 20% buffer in the budget for negotiations. Setting a budget helps buyers shortlist cars that fit within their purchasing power.

Vehicle type: You should also list at least two or three different makes, models, and brands of cars. For example, if a customer is planning to buy a used sedan with a budget of around 2-3 lakhs, then he or she can choose a Hyundai Accent or a Ford Fiesta. It is also necessary to take into account the year of manufacture of the car.

review: Buyers should take the time to inspect the vehicle after deciding on the type and model of the vehicle. Any scratches, dents or patches on the exterior of the car should be looked out for. It’s best to take a local mechanic with you to the inspection. You should also inspect the car for signs of rust or corrosion. After inspecting the exterior, you should also inspect the interior of the car. Stained car seat covers or an old music system can be a powerful bargaining chip. The electrical equipment and combination of devices should be carefully inspected. Do not forget to inspect the engine of the car.

Test drive: After the inspection is satisfactorily completed, the buyer should insist on a test drive. It is necessary to spend at least thirty minutes on the test drive of the car. The vehicle needs to be driven over different terrains to understand the performance and efficiency. Watch for any unusual noise or vibration during the test drive. A test drive also helps check the operation of the odometer and air conditioning system.

Document verification: Every buyer must make sure that the seller has legal documents for the car. Before negotiating the price, ask for the sales contract, loan agreement, car registration documents and insurance documents. Buy a car only if the seller provides all the legal documents.

And last but not least; don’t forget to discuss prices or terms to get the best deal.

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