Car Warranty: Depending on how old the used car that you wish to buy is, it is possible that the vehicle is no longer covered by the manufacturer’s warranty. When buying secondhand car you will need to remember that, expenses will accrue for any type of repair that is required to be done. Third party insurers often provided extended warranties and independent warranty contracts. The age of the car and its present condition will determine the insurance premium that you will pay. Consider the possibility of getting an insurance estimate even before, you commit yourself to the purchase. Large secondhand car dealers both online and offline, generally have direct contacts with insuring agents. This could be a precondition that you apply even before, browsing at the used cars available.
Inspecting The Car: When purchasing a used car, it is not sufficient to merely not the features that the car model offers. You will need to check various operational functions, the cooling and heating devices, condition of the seats and doors etc. It is good to conduct a professional inspection during the day. Take an expert mechanic with you even if this, does cost you a modest amount. Most car experts insist on seeing the underside of the car, the car seller will then need to provide a car lifting facility. Door locks, door seals, seat movements and safety belts can all show signs of wear and tear.
Test Drive: Take the car out and begin the drive a bit cautiously, gears, breaks and light controls should be closely checked and monitored. While a secondhand car might not be as smooth and comfortable as car that just came off the assembly line, don’t make too many compromises when evaluating your drive. If you plan to take the car for an extended drive before deciding to make the purchase, discuss your intentions with the dealer prior to starting the inspection or negotiation.
Funding The Purchase: It is never a good idea to pay cash when buying a used car. Cash transactions very often leave insufficient documentation for legal referencing if, the need arises. Bank transactions are always safer, checks written in the name of a business are even better. Banks and financial agents set some limits to financing the purchase of secondhand cars, talk to your bank before you begin the buying process. You could also pay for your car purchase by selling off your existing car. Remember that selling your car to a private party can generally get you a better price than, disposing it off at a car dealer. Give yourself sufficient time to sell, rushing at the last minute might not give you the best results.
Closing The Deal: There is always some price negotiating and haggling when transacting in used cars. As a buyer work on a price that you will offer, buffer in a small margin as this can allow the seller to meet you half way. Don’t part with your money until you are sure that all related documents in their original form, will be handed over to you. Any discussions that involved assurances from the seller, should be put down in writing. Oral agreements will be of little use if disputes arise in the future.