What You Should Consider When Buying used a Used Car this New Year
The pandemic has definitely affected the car market primarily due to supply chain issues which resulted in increased demand and sky-high prices for both new and used cars in the past years as there was not enough inventory available worldwide. Fortunately, the latter part of 2023 showed more supply and price stability as the global market recovers, giving buyers more options at better price points this 2024.
As we usher into a new year, buying a new car seems more appealing. The new car scent, clean and lush interiors, plus top-of-the-line technology - all these make buying a new vehicle so tempting. However, as inflation continues to haunt most of us, buying a quality used car may be a better option to some people. Aside from the lower cost to purchase, buying a used car often saves its buyer from higher depreciation and insurance costs new car owners have to deal with.
Buying a used car seems easy with so many channels and options available that can even be accessed online. However, when buying something used, one must exercise due diligence before purchasing. If you are thinking of buying a used car this new year, here are some things to consider before making that decision:
Your Reason for Buying a Car
Are you using the car to just get you to and from work? Are you buying a car to improve your and your family’s quality of life? Or are you looking to just upgrade your lifestyle and splurge a little since you’ve been saving up for it? Knowing the main reason why you’re buying a used car is important as it will give you quite a good idea of what exactly you need and what type of car to look for. Making sure you have answered this is the first thing you need to do before doing anything else.
Setting a Budget and Sticking to It
Now that you have identified why you are buying a car, it is time for you to consider setting up a budget you can work with. Depending on what you will use the car for, you can either use a percentage of your income to identify how much money you should and can allot for this purchase. Of course, sticking to your set budget is just as important. Remember, buying a car, even if it’s used, is a big financial commitment so make sure it’s really something you can realistically integrate into your budget.
Choosing a Trusted Brand
As we live in the digital age, researching for a trustworthy brand has become so much easier. Nowadays, all the information we need is just one click away. You can read and even watch user reviews or go to legitimate car forums and research about the brands that you have in mind. Just be careful of fake reviews and always take what you see or hear with a grain of salt. By doing this, you are able to get a good grasp of brands that are really reliable and brands that a lot of users complain about.
Do Multiple Test Drives
Test drives are essential before buying a car. It gives you a feel of how the car runs and how it responds as you drive it. However, after doing this, most people feel pressured to buy the car right away as most sales reps assume they can close the deal after the test drive. However, don’t fall into the trap of purchasing without trying out your options first. It may be a bit awkward to not buy after driving it, but know that it is your right to really think about and weigh your options first, especially when there are thousands of dollars involved.
Checking the Car’s History
Knowing the car’s history can help you get a better idea of the car’s current state and possible problems later on. Looking at its detailed report either from Carfax or Autotrade will tell you its service and registration records, prior accidents, liens and other critical information. However, not all accident and repair histories are reflected through this report and some owners don’t report or claim costs through their insurance, so having professionals inspect the car, although it may initially cost you some dollars, can possibly save you the potential headache later on.
Upgrading Your New ‘Used’ Car
Now that you have made your decision and have ultimately decided to buy the car, you can definitely make your used vehicle look and feel new. There are several ways you can elevate and upgrade your ride without breaking the bank. First you can or have someone hand wash and detail your car. You may also need to clean its interior thoroughly to make sure it’s clean and safe.
If it smells a bit funky or if the A/C system is not working well, you can easily check its cabin air filter and if needed, you can replace it with a high-quality one, like those from FreshenOPT. Dealers would usually check for this prior to handing over the car, but would not replace them without a fee, but this is something you can easily do on your own at a fraction of a cost. If you want your used car smelling fresh and even better-smelling than a new car, you may also use an Oil or Aroma Diffuser to elevate your ride.
Making an Informed Decision
When buying a car, whether it’s new or used, always remember to do your due diligence and really take your time before buying. As it requires significant investment and commitment from your end, make sure you are making an informed decision by asking the right questions and not letting impulse or emotions cloud your judgment.