Tips and Advice for Buying a Second Hand Car
When you drive a new car out of the showroom, it instantly
loses about 20% of its value straight away - which goes to say that buying a
car is never going to be an investment. However, if you buy a second hand car,
you can find an affordable motor at a price which won't depreciate as quickly
as that of a new car - so buying a second hand car can prove to be a much more
cost effective purchase than buying new.
But we're sometimes lead to believe that the world of second hand car sales is awash with the
stereotypical car salesman, ready to pounce on unsuspecting customers and take
advantage of their ignorance of mechanics. So, how do you go about buying a
second hand car which is not going to break down the minute you drive off into
the sunset? There are three key places to buy a second hand car: from a second
hand car dealership, a private seller, or an auction.
Buying from a reputable second hand car dealership is
probably the safest way of buying a second hand vehicle, especially if you
don't have much knowledge of cars. Dealerships normally test cars for safety
and mechanical soundness and often offer some form of guarantee. However, the
down side of buying from a dealership is that they tend to be a little more
expensive than buying privately - although they are often still open to
negotiation on price.
It is possible to pick up some great bargains on second hand
cars at auctions. However, buying from a car auction normally doesn't allow you
much time to inspect or test drive a vehicle - so caution must be taken; even
more so when buying from online auction sites where you only have a photograph
and a short description to go on.
Private car sellers can be found in local papers, notice
boards and via online second hand car classifieds. There is no shortage of
private car sellers and this is probably the most common way of purchasing a
second hand car. Upon finding a car of interest, a buyer can contact a seller
via phone or email to arrange an inspection and make an offer.
Before buying any second
hand car, first check the current market value for the vehicle you want.
There are guidebooks available from most newsagents that list makes and models
for almost all cars and give an approximate value with relation to the age.
When you are inspecting a car, first check the body work. Is
there any corrosion or rust? It's rare to find a car more than 5 years old that
is completely rust free, but make sure that any corrosion is cosmetic, rather
than structural. Then look at the general state of the engine and check the
colour of the oil and coolant, as this can give clues to the condition. Also
check the mileage, ask to see the car's log book and check on the amount of tax
and M.O.T. left on the car.
As long as you do your background research, and conduct a
thorough check before parting with your cash, buying a second hand car can be a
very cost effective way of purchasing a vehicle - getting you on the road
without breaking the bank.
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