Most Australians look at used cars when they want to change their wheels, as the cost of a new vehicle is very expensive and out of the reach of most people. Of course, buying a used car has an element of risk attached, and this article is aimed at helping you to make an informed decision when buying a used car.
Know the Car’s History
This is essential and often the best places to look for good used cars, is at the new car dealership, as they take used cars as part payment for a new model, and very often, they sold the car when new to the owner, which means they know the car’s history. You should not accept anything less than FSH (full service history), as this ensures that the car was maintained according to the manufacturer’s guidelines.
Look for Dealerships
Buying a used car from a private seller is fraught with risk and rather than risk buying a dud, there are used cars for sale in Canberra from an established local dealer, and they would be happy to issue a warranty on any used car they sell. Never buy a second-hand car without some form of warranty, as it could very easily develop a serious fault the very next day, leaving you with a hefty repair bill.
Know your Budget
If you’re not careful, it is easy to end up with a car you simply can’t afford, indeed, many people have followed their feelings and ended up regretting it, as they struggled through a few years of heavy debt. You should crunch the numbers and know the monthly repayment that you are comfortable with, and no matter how tempting it might be, do not go over your allotted budget.
Get a Good Price for your Old Car
The dealer should offer you a very fair price for your old car, and if he doesn’t, this would raise an eyebrow. Any used car dealer would readily accept a used vehicle in part payment for one of their cars, and often you can get a better price than the market offers. In the event you do not have a car to part exchange, you will have to pay a deposit, and this can be negotiated with the finance company, and can often be as low as 5%.
You can sometimes find demo cars that are up for sale at certain dealerships, and these cars are only used for test driving when a potential customer is interested, so they are in relatively good condition and have very low mileage. While the age of the car does affect the price, the number of miles on the clock is also significant, and, of course, the lower the better. Avoid cars with unusually high mileage, as they likely come from a car rental company and have seen a lot of wear and tear, or they might have been leased to companies for salespeople to drive around the country.
If you take into account all of the above, the chances are you will be very happy with your car and will enjoy many years of trouble-free motoring.