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Don’t Do These 7 Things While Buying A Used Car

by pps-DUEditor

Not Lining Up Financing

The first thing to do when you think of buying a used car is figuring out how you’ll pay for it. Financing lets you understand the upper limit of your price range, and knowing your budget makes negotiations easier. So not exploring multiple financing offers to ensure you have the best rates just means you’ll be losing a lot of money.

Shop Based On Monthly Payments

Buying a used car outright is a good way to save over the long term. If you can’t do that, you’ll need to take out a loan. But if you only consider low monthly payments, then you could end up paying a lot more over time. Leasing a used car is cheaper. Or choose a higher monthly payment that leaves you debt-free in three to four years.

Skipping The Test-Drive

If you don’t test the car before buying it, you could end up with a vehicle that’s not compatible with you and your needs. Test-drive it to protect yourself from buyer’s remorse and to ensure that the car is working properly.

Not Hiring A Mechanic

Always get a used car inspected by a qualified mechanic before you even consider buying it. Pay for the inspection so you can save yourself from expensive repairs over the long term. Walk away from the car if the seller doesn’t allow you to get it checked by a mechanic.

Making Initial Negotiations In Person

Salespeople want you in their dealership because it’s easier for them to make a sale. To avoid this, try to negotiate over the phone or via email after you’ve conducted your research, completed the test-drive and inspections. That way, you’ll have the upper hand.

Buying Based On Appearances

It’s important to understand what you need from a car before you start looking for one. If you need something for your daily commute, don’t look at trucks. If you need something that can tow a trailer, don’t check sports cars.

Not Checking The Vehicle History Report

Always check the vehicle history report to know about prior accidents, problems, number of owners, salvage titles, etc. Also, review the service records.

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