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Wednesday, 28 August 2019

Tips For Buying A Second Hand Car ( Without Blowing Your Budget)

Dreaming of buying a second-hand car? When buying a used car from a dealership or a classified ad it may be difficult to make your mind up. With tons of paperwork, hidden extras and fake ads, it's difficult to know where to turn for advice. So we’ve put together a few tips, tricks and expert advice to help you as you take the steps towards car ownership.

There are pros and cons of buying from a reputable dealership or are buying from a private sale, and both can sometimes make buying a secondhand car more hassle than it’s worth. So have a look at our comprehensive car purchasing guide to make you feel more at ease.

Many new cars are not bought outright with cash and are bought using finance or credit. To encourage drivers to take cars on finance; dealerships often incentivise them by offering deals. These deals often expire with three years and therefore this is a very common time for nearly new vehicles to be returned to the dealership in favour of a new model. As mentioned, it's also a great way to protect your wallet from car value depreciation hits as well as costly repairs once the car is more than five years' old. You also save yourself from any large depreciation hits and costly repairs.

The Basics

Make sure that you get the basics right or it might cost you dearly in the long run. You could find yourself shelling out for costly repairs, extortionate insurance and much more. Here are some general tips to consider when choosing and checking that second-hand motor.

Make Sure Your Finances Are In Order

The state of your finances could be the difference between you leaving the dealership with the car of your dreams or going home on the bus. Set aside some time to lay out your planned budget and expenditure and your ideal monthly repayment amount. Try and stick to it as best as you can as you don't want to be left with car payments that you can't afford and a big knock to your credit score. Use the internet to research the best way for you to personally finance your car- there are a multitude of options. From asking friends and family, to taking out a loan or even saving up stacks of cash from your side hustle, there's bound to be a way. Don't forget to include your down payment deposit, insurance and road tax costs in your calculations too.

Know Your Market

One of the easiest ways to keep up to date and knowledgeable about what's happening in the used car market is to get online and have a look. Head online and have a look for a Free Used Car Online Valuation to help you have all the information that you need. Hopefully, you’re now equipped with everything you will need to buy the used car of your dreams.



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