If you’re thinking about buying a brand new car, then consider this fact: new cars depreciate in value by as much as 20% in the first year you own them. Meaning if you bought yourself a beautiful brand new Audi TT Roadster for around $45,000, by the time you’ve had it a year it could have lost over $9000 of its value.
Figures like these show that buying a second-hand is a much more cost effective option then buying new.
When it comes to buying a second hand car it’s important to take your time and work out exactly what you can afford to spend and what model you are interested in. The best deals involve cars that are less than 3 years old and that haven’t been driven too hard by the previous owner.
Once you have settled on your budget and the car you’re after, you can start looking. Obviously there are a lot of different options when it comes to buying second-hand, from specialist dealerships to private sellers – the choice of used cars available is not in any way limited.
Buying from a dealer is usually a safe option, as the cars will have been inspected before being put on sale. However if you do choose to buy from a private seller then you need to more cautious and inspect it carefully.
Ask to see all the paperwork so that you can check it all matches and nothing has been tampered with. This will also allow you to see if there is any paperwork relating to previous work carried out as well.
Always take the car out for a test drive and try to drive it on a variety of roads, so you can see how it handles in different conditions.
If the paperwork is all good and the car drives well, then do a complete inspection of the entire car, checking the bodywork, the engine, inside and underneath the car, the tires and testing the suspension and brakes.
If there is anything you are unsure about you can ask if an independent mechanic can check the car over for anything you might have missed.
It might seem like a lot of hard work just to buy a car, but it will be worth it if it saves you money in the long run.
Parkers is a UK-based site that offers plenty of advice on buying used cars, as well as a
significant list of them if you’re looking to gauge prices. Visit their site for any more used car related information.