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Tips for Buying Used Cars

Jan 19, 2008
A new driver is always better off buying a used car instead of a new car. With the used car, you will be able to refine your driving skills and thus be able to buy a better and more expensive new car.

The main reason people prefer buying used cars today is that it is available at a lower investment; lower depreciation and its financing rates have considerably reduced. Another advantage of buying a used car is that you can afford a luxury car at a reasonable rate and with the developed used car market of today, you are sure to find the used car you were always looking for.

All things in life come with its bad side; and so do used cars. They usually call for higher maintenance and are more susceptible to frequent breakdowns. This is why it is better to follow these tips for buying used cars.

The most important point to bear in mind is to decide on your budget before looking for the car. This helps you avoid going over your budget when buying your used car. Don't forget to add insurance and other running costs to your budget for your used car.

It is not possible to be very specific when looking for a used car. If you want a specific model, color or a car with a certain mileage or specification, it may be difficult to find such cars at a bargain. However if you are willing to settle for something similar to the car you have in mind, you are sure to have a wider choice of used cars to choose from.

When buying the used car from a dealer or an individual, it is important that you find out the reason for selling the car, how much the car has been used and permission to have the car inspected by a car mechanic before buying the used car. It is only if the mechanic approved of the car should you consider buying the used car.

Sometimes though individual sellers may permit you to have the car inspected by a mechanic, a used car dealer may not be so obliging. In such circumstances, you have to do some inspection of your own on the car. Check the engine for smoothness on starting and no hesitation when accelerating. On looking at the chassis of the car, you will be able to know if the car has met an accident or not.

Check the trunk, hood, doors, the condition of the battery and the wheel alignment of the car. The air conditioning, headlights and indicators should all be in working order. Once this is done, take the car for a test drive to get a feel of the car and thus, help you decide whether or not to buy the car.

The next thing to do is to ensure the paperwork is in order. The registration book should be up to date, the taxation book should show that the lifetime tax has been paid by the original owner of the car, insurance should be intact and don't forget the invoice for details for engine no., chassis no., date of delivery and if the car was financed or not.

If everything is intact, negotiate on the price for the used car while bearing the condition of the car in mind. If there are some repairs to be done, the price of the car has to be reduced accordingly. And once the sale is done, ensure that the ownership papers are transferred to avoid future confusions.
About the Author
Mark Robinson writes for Auto-Loans.GuideFin.com. Visit his website for information about used car loans.
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