A competitive price is often a compelling deciding factor when looking at buying a pre-owned vehicle. While this may be a motivating factor, it is important to keep in mind the other factors that make up a value-for-money pre-owned vehicle offer. A great starting point to this process is asking the right questions, doing your due diligence, and checking service history to prevent making a financial decision that may end up costing you more in the long run.
Questions to keep in mind:
What is considered good kilometres
As a buyer, it is essential to understand how much mileage is too much when buying a pre-owned vehicle? First thing to keep in mind is that this car did have a previous owner. However, assessing the appearance of the car and the number of times it was driven are key components when deciphering if the car has been looked after or neglected.
Are there pre-owned vehicles to avoid?
When in the market for a pre-owned car, it may be tempting to be sold on any car with a great price. However, there are brands and models that you should steer clear of. Follow this link for more insights on brands to avoid: https://www.consumerreports.org/used-cars/used-cars-to-avoid-buying/
How much will a dealership decrease the sales price
A professional car salesperson is an expert at negotiation. So, how much can you haggle with someone who is adept at vehicle financing and car purchases? One important thing to note here is this: the price on the car is NOT the actual price and you have the luxury of negotiating. So, what can you do?
Do your research, understand your budget, be upfront and don’t show your hand upfront. Do these with confidence and you may have a substantial chunk cut off on your preferred pre-owned vehicle.
What’s the best way to buy a pre-owned vehicle
Follow these steps to get the best deal on your pre-owned vehicle:
- Understand how much you can afford to pay
- Make a list of the car brands you are open to buying
- Use the internet to check, review and compare prices
- Find a dealership in your area
- Go through the logbook/service history of the car
- Pay for a thorough multi-point inspection
- Negotiate, negotiate, negotiate
- Finalise the paperwork
Now that we have answered most of your FAQs on owning a pre-owned vehicle, we have some food for thought: why not contact Earn-a-Car to get the best deals on rent-to-own vehicles? This gives you the luxury of 54 months of getting familiar and understanding the vehicle thoroughly before taking the plunge.