Opting to buy a used car can really give you the opportunity to save a lot of money. However, you should still remember that buying a used cars involve some risks. To avoid the pit falls in this kind of transactions, here are some helpful guidelines:
1. Stick to the popular and established brands of car manufacturers. As much as possible, do not buy used cars that are manufactured outside the country. The spare parts of imported and exotic cars may be hard to find.
2. If you want to trade your old vehicle, better make sure that it had underwent maintenance before the transaction. Your car’s engine must also be cleaned. Doing these measures could guarantee a higher appraisal of your vehicle.
3. The brand of used car you would buy must have a decent number of authorized dealers and service offices in your area. Ensuring these aspects would mean that you can have assistance when you need it.
4. Never buy a used car from an unverified car dealer. There are a lot of smugglers and swindlers that are just waiting for their next prey. Be fully aware and cautious.
5. Have the car’s paperwork checked by an expert or your legal counsel. Never buy cars that do not have legal papers as it would only out your life and future at great risks.
6. Do not jump on a bargain deal easily. The car might be offered at the lowest price possible but are you sure that it is in a good working condition? Take the time to inspect it before making any deal.
7. Never buy stolen cars. It would only make you an accomplice of a criminal act. Law enforcers will come and confiscate the car from you. You won’t be able to get back the money you used for paying the vehicle.
8. When negotiating a deal, never appear to be too eager. Keep in mind that profit margins are larger when it comes to used cars. This gives you the chance to haggle some more and seal a batter agreement. If the dealer tells you that he has someone willing to pay the car at his asking price, do not budge yet. Call him after two days. This will make him reconsider your price offer.
9. Check with your insurance provider before sealing any deal. Insurance premiums vary among different cars. So, you better get an idea of what kind of coverage you will need for the used car you’re going to buy.
10. Always take the time to thoroughly read contracts and agreements. Check the contract for any doubtful or suspicious details. Never sign agreements until you have verified details and checked for inconsistencies. If it is possible, have the documents reviewed by a trusted lawyer.