Are you thinking of purchasing a secondhand car? Buying and finding a used car is not easy as it seems. There are a lot of things to be considered to get the best value for your hard earned money. Read below for some tips to consider before you decide to own a secondhand vehicle.
Tips when buying a used car
List down the cars that you want to drive and what you prefer. Do you want to drive an SUV or a sedan? Do you prefer a Manual Transmission or an Automatic Transmission? Whatever it is that you want or what you prefer, make sure that the type of vehicle you are going to buy will be the car that you and your family needs.
Search for Market Price
Conduct a research on the current used car market value of the brand and model that you are eyeing to buy. This will give you an idea on the price range so you can set your budget.
When buying a second hand car, get a real value for your money and stick to your budget. In any item that we wanted to purchase, we often times go beyond our budget specially if there are add on features or nice to haves. When buying a car, make sure to stick with your budget so you won’t hurt your pocket that much.
The car’s resale value is usually affected by the brand and makers of the vehicle and the availability of service centers. Toyota, Honda and Mitsubishi has been servicing Filipinos for a long time, which gives them a higher resale value than any other car makers.
Meet the Seller
Never rely on the ad alone and do the purchase online. It is still better to meet the seller and see the car for yourself. Schedule to meeting with the seller and do a test drive of the car being sold. This way, you’ll know the real deal.
Don’t be afraid to ask questions. Ask the reason why it is for sale, how many repairs have been made to the car, how long the car has been in use, what was the longest trip of the car, is the air conditioning unit working fine and also ask if the vehicle was flooded. For your peace of mind, it is better to bring along a trusted mechanic to check the vehicle.
Check the Documents
Checking the registration papers is one of the most important things that every buyer should do. Have the documents being presented thoroughly checked to avoid hassles like purchasing a stolen car. Also, with the registration papers, you can double check if the car is clear form any obligations with any financial institution.
Check the Engine and Interior
When purchasing a second hand car make sure that the vehicle you want to own passes your standard. With the given beautiful physical appearance, you should also check the engine and the interiors so it is better to bring along a trusted mechanic to check the engine to ensure that it is still in good condition. There should be no oil leaks or weird noise coming from the engine.
The car you are about to purchase is not like the clothes and shoes you buy that comes with a refund slip. To make sure that the engine works well and to know the performance of the car, take it out for a test drive. Get a feel of the car while driving it. Test the brakes and steering wheel. Drive it on a rough road to know if there is something wrong with the car suspension. Also check the air condition system as well as headlights, brake and signal lights.
Learn how to negotiate. If the seller can’t make the asking price lower, ask anything that can add value to your purchase. Just remember that you hold the other end of the bargain so meeting half way is a good deal.
Involve Yourself in the Paper Works
Get a copy of the OR/CR. Visit the Land Transportation Office (LTO) or Traffic Management Group (TMG) to make sure that the vehicle you are about to purchase have clean documents.
Buying a used car takes a lot of work not to mention the risks involved if you’re inexperienced. So to avoid troubles and hassles after the sale, make sure to follow these simple guide. Make sure that you understand the risks before making the purchase by doing your due diligence and some research.
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