Before you head out to buy yourself a new car, you should do your research. Remember that purchasing a feature-rich used car will give you better resale value if you need to sell it later.
Here are the most important things to keep in mind, and compare, when buying a pre-owned car.
Verify the Mileage
This is one of the biggest factors that determine both the price and condition of the vehicle. Look for options with the lowest mileage possible. Always make this the first thing to check when buying a used car.
Review the Warranty
Be extra careful when it comes to reading the terms of the warranty. Before you sign any paperwork, make sure you compare the different vehicles’ warranty to see which one is best for you.
Warranties are named differently, and some common ones include:
Merchantability warranty: This is the most common kind of warranty but is also very limited.
Manufacturer’s warranty: This one means that the vehicle is still warranted under the manufacturer.
“As Is” warranty: This one means you get no warranty, just the car as you see it.
Extended warranty: You are most likely to be offered this with certified pre-owned cars.
Get a Professional’s Opinion
Qualified mechanics should be able to tell you if there are any significant drawbacks that you should consider before purchasing your car. While you might have to pay a fee for this service, it can end up saving you from buying a lemon in the long run.
Compare Options Side-By-Side
By doing this, you can quickly see how each option stacks up in the crucial areas. Evaluate every vehicle’s options, including engine size, transmission, sunroof, stereo systems, navigation features, and more.
Use a Free Comparison Tool
Plenty of websites offer online tools to help you compare various models. Easy to read and convenient to see the results, these tools allow you to have more control over the buying process and negotiate harder with dealers and private sellers for the lowest price.
Finally, don’t stop there. Find out what dealers are offering and make your own used car comparison. Make notes and have a printed list of options that each vehicle provides.