Getting a new car is a huge expense, but sometimes it can’t be avoided. Your old car might have served you well over the years, but it’s finally died on you, and you can’t do without one. If getting it repaired is out of the question, then you’ll have to bite the bullet and just buy another one. Buying brand new is worth it if you have the money, but most people won’t. You can still get a decent car second-hand, and stick to your budget, but you need to be careful. There’s a lot of second hand cars out there that won’t last you longer than a few months before breaking down, costing you more in repairs than the car is worth in the first place. If you make sure that you are thorough with your research, you can avoid getting stung. Here’s what to look out for when you’re buying a second-hand car.
Buying a second-hand car doesn’t mean that you have to buy an old banger from twenty years ago. In fact, buying a car that is just one year old can still save you a significant amount, and the car will be almost as good as new. The price of a car depreciates very fast, in the first year it will drop by about twenty five percent. It will slow down a bit after that but the price will still go down quite a bit each year. Even if you get a car that’s three or four years old, it will still be half the price of buying new.
One of the main things to check before buying a car is the running costs. One of the biggest ones is insurance. It’s no good saving big money on the car, if you have to spend it all on the insurance instead. You can take defensive driving traffic school online, if you want to reduce the costs even more. You should also check the fuel efficiency of the car so you don’t end up spending stupid amounts of money on gas. Check the repair costs of the car as well, some car parts are readily available, and cheaper. If you end up buying a car that you can’t get parts for, then it will be very expensive to fix if it breaks down.
The biggest risk when buying a second-hand car is getting it home and finding out that it’s a rustbucket that will break down as soon as you drive it. That’s why you need to be thorough when you are looking at different cars. Ask them when the last time they had it serviced was, and see if they can prove it. It’s also worth getting somebody to look at it yourself, so you can be extra sure. Never buy anything without test driving it first either, that way you can know for sure that it works.
One of the great things about buying second-hand is that you can negotiate on the price a lot more. It’s a good idea to look at a lot of different dealerships to compare prices. Then you can play them off against one another, getting the to undercut each other’s prices. See what kind of benefits you can get as well, including guarantees if anything does go wrong.