Are you getting ready to buy your next car? If so, you’ve probably started to search through lots at local dealerships. Browsing all the latest performance and technology features can make new vehicles look very tempting. However, slow down before you make that big purchase. Here are a few things to consider that might save you time, money, and a whole lot of stress.
Buying a previously owned vehicle is becoming much more common because many automobiles last much longer than previous models. Advancements in auto technology and improved maintenance practices have extended the lifespan of most cars to upwards of 200,000 miles. An option already on the market could still operate like new for many for miles and road trips.
Most importantly, used cars typically represent a great value. Even just a basic web search will reveal how much you can save for a vehicle that’s just a few years old. For example, a new option that retails for around $30,000 can be acquired a few years later for $20,000 or less. This choice will often be in nearly new condition but have a cheaper price tag because of depreciation. If you are the second owner, you can get the most value for each dollar you spend.
Before you begin test-driving, consider your needs and lifestyle. Will this be your primary vehicle? Will it be used for work? What about your family? Knowing exactly what type of car you and your family need will help you resist the lure of an option that is either out of your budget or extravagant for your lifestyle.
When entering the used cars market, be mindful of the number of previous owners a vehicle has had. Use the VIN to research the history for all accidents and repairs. There are some things you just won’t notice during a test-drive that will show up on a history report. Also, how long will you need the car? If you are looking for longevity, be sure to limit your search to options with lower total mileage.
Look for Closeouts
Lastly, every manufacturer releases new models each year. As a result, prices of previous versions get slashed right before and after the launch. If you can plan accordingly, you can align your next purchase alongside the time of year when sales are common at dealerships.
There’s no doubt that buying new can be tempting. However, if done properly, buying used can get you into a high-quality vehicle at a much lower price.