A Guide for First-Time Used Car Buyers

March 28th, 2016 by

 

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Buying a used car for the first time can be a bit nervewracking. Regardless of whether you’ve previously purchased a new vehicle, the used-car-buying process can be significantly different because your purchasing priorities will likely shift when you pursue a pre-owned vehicle, with your focus trained on the car’s dependability and cost of ownership.

Now, we don’t want you heading into a dealership with zero idea of what to expect. That’s why we’ve compiled a simple guide for first-time used car buyers, which should assist you as you research the vehicle and ultimately visit the dealership.

Before you head out to a used car dealership in Albany, check out our guide below. It should make the entire ordeal a whole lot smoother…

 

Set a Budget

If you’re pursuing a used car, it’s probably because you’re working on a limited budget. This certainly isn’t a bad thing, but it’s important to establish your spending limits and then stick to them.

While the various technological features may be alluring, are they worth the extra monthly charge? You’re going to want to guarantee that you’ll be able to make each monthly payment, as failing to do so could result in some harsh penalties. You’ll also want to account for the registration and insurance cost, lacking either of these will limit your ability to operate the vehicle legally.

 

Find a Vehicle

This is easier said than done, but there are several things you should be eyeing as you shop for a used vehicle.

Once you’ve established what type of vehicle, brand, or model you want to target, it’s best to investigate each car’s reliability. It’s unlikely that you’re going to be purchasing a vehicle that’s younger than five-years-old, so research whether you’re nameplate has proven resilient on the road. Trust us, there won’t be anything more frustrating than having to replace a used car a year after having made the purchase.

Once you’ve established a specific vehicle to purchase, you’ll want to research some fair asking prices for these cars. These will come in handy once you arrive at the used car dealership.

 

Visit a Dealership

You’ve probably done a bit of research regarding which specific dealership you want to approach with your business. After all, if you’re on the hunt for a specific vehicle, you’re going to want to make sure that dealership has it in stock.

Once you’ve settled on a used car, give the potential purchase a test drive. This will help you determine whether there are any issues hiding under the hood.

Once you’ve established that everything’s working properly, you’ll have to negotiate with the seller. Use the values you found online to determine whether you’re getting a good deal or not.

Easy, right? Of course, there’s a whole lot more that goes into the entire process, but you’ll be in good shape if you follow our advice. While it may seem time-consuming to set a budget and do some research, that knowledge will end up being invaluable when you finally head into a used car dealership.