Home » Autos and Cars

Avoid Buying A Lemon - Top Tips On Buying A Used Car

Aug 17, 2007
The path to buying a reasonable used car is littered with buyers who didn't follow simple and straightforward advice and ended up with some absolute lemons. There are pitfalls that are easy to avoid once you know about them, and there are also lots of other things that you need to do before parting with your cash for a second hand motor.

The first thing to do is your research!
Find out the average selling price of the vehicle you are after. Bear in mind that condition and mileage can affect the value of the vehicle, as can its involvement in an accident. So do ask "Has this car been in an accident? Is it a reconstructed car?" These are very important questions as the performance, reliability, safety and value of cars can be affected by either of these.

How to finance your car
Very few of us are in a position to be able to pay cash to buy the car of our dreams, so what other alternatives are there? The most common method of buying a used vehicle is by taking out a car loan. The crucial thing to consider when you take out a car loan is how much interest you will pay. Basically, the higher the APR (Annual Percentage Rate) the more you will pay in interest. The percentage APR that you will pay tends to be tied very closely to your credit score; i.e. the higher your credit rating the lower the APR you will have to pay. Of course, loan firms will try to get the highest rate for their products that they can, so as well as shopping around for your car, you should also shop around for your car finance. Also remember that the longer the term of the loan the more you will be paying in interest, make sure you can comfortably afford the monthly payments and have money spare to maintain and run your vehicle.

Caveat Emptor - Buyer beware!
There's an old legal saying that has its basis in Latin when it comes to buying goods - caveat emptor; it means "buyer beware" and the advice still applies today, especially if you are going ahead with a sale from a private individual and not through a garage. Most reputable second hand car dealers offer warranties and guarantees when you buy a used vehicle from them, so if something goes wrong you can go back to the garage. Dealer prices tend to be higher to incorporate those guarantees as well as their profit margin. However, if you buy from a private individual you have limited protection. But, there are a lot of bargains out there and the best thing before you buy from a private individual is to take along a mechanic who can give the car a once-over and put your mind at rest on its mechanical reliability.

Hopefully, you will avoid buying a lemon if you follow our top tips on buying a used car!
About the Author
For more information on buying used cars from a car dealer, including road test results for a wide selection of vehicles, visit http://www.carcraft.co.uk
Rating:
Please Rate:
(Average: Not rated)
Views: 286
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Accounting
    • Credit
    • Currency Trading
    • Debt Consolidation
    • Insurance
    • Investing
    • Leasing
    • Loans
    • Mortgage
    • Mutual Funds
    • Personal Finance
    • Stock Market
    • Structured Settlements
    • Taxes
    • Wealth Building
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources