Buyer Tips For Evaluating Used Cars

Choosing a used vehicle doesn’t have to be difficult. Unfortunately, many people start looking at used cars without having a basic idea of what they want, so they often end up with a vehicle that doesn’t provide the versatility and functions they required.

To help you to not only find the right vehicle but also to compare different used cars, here are a few tips that first-time or experienced used car buyers need to consider.

Know Your Maximum Budget

An easy way to end up with more car than you can afford is to not have a budget plan in place. Know before you go to the dealership what the maximum amount you can afford to pay and finance will be and stick to that limit. Don’t be talked into test driving cars outside of your budget or be lured into the emotional aspect of buying a luxury car if it won’t work for your financial reality.

Compare Mileage and Condition

All used cars are priced on the condition and age of the vehicle as well as the mileage. The higher the mileage, regardless of age and condition, the lower the price of the vehicle should be. Higher mileage means more wear and tear and a greater likelihood of a limited life of the vehicle.

Always ask for the report on the vehicle and check for accidents, flooding, significant mechanical issues and, if reported, the maintenance for the vehicle. Vehicles that are free from accidents and mechanical issues with a complete maintenance record are a better option than those where this information is unknown.

Check the Cost of Ownership

The cost of ownership is available online by simply using that term with the make, model and year of the vehicle. The cost of ownership includes maintenance and repairs, insurance and resale values. As a general guideline, remember that luxury vehicles and imports will typically have a higher cost of ownership than domestic vehicles and mid-range price cars and trucks.