There are plenty of good reasons to buy a used car. Opting for a pre-owned vehicle over a brand new one can save you a lot of money—and given how durable today’s vehicles are, even a car with many miles on it can still offer amazing long-term value.
With that said, there are right ways and wrong ways to make your used car purchasing decision. Here are a few mistakes—potentially costly ones—that people make when buying used cars.
Failing to Do Research
When you connect with a reliable used car dealer through Get My Auto, you can rest assured that your sales rep will help you locate a vehicle that fits your needs. With that said, the process will be much smoother if you have some idea of what you want—and, just as important, what you don’t want. This means spending plenty of time reading reviews and coming up with a list of vehicles you’re interested in. We also recommend doing some research into pricing, using sites like KBB to help determine how much your desired vehicle should cost you.
Not Making a Budget
Even a highly affordable used car represents a big financial decision—and it encompasses much more than just the monthly auto payment. There’s also fuel, maintenance, insurance, vehicle taxes, and more. Make sure you are thorough in budgeting for your used car purchase, thinking about not just the initial payment, but the monthly expense, too.
Choosing the Wrong Financing Option
Some buyers are able to pay for their used car in cash—but most are not. There are a lot of financing options available to you, and it’s important to do your due diligence and pick the financing product that’s right for you. Don’t just accept the first one you find! Look into financing products from local credit unions and banks, in particular.
Neglecting Your Due Diligence
There are various ways in which you can inspect and appraise a car before buying it. We recommend:
- Doing a thorough visual inspection, including both interiors and exteriors
- Taking it for a test drive
- Having it appraised by an independent mechanic
Failure to do this due diligence increases your risk of buying a car with some hidden maintenance issues.
Buying from the Wrong Seller
While you may be tempted to buy your car from a private seller, that’s something we generally frown upon; it’s simply harder to assess the seller’s honesty, and you won’t have as many consumer protections in place. Connecting with a reputable used car dealership in your area is the way to go.
And we can help you with that! Get My Auto helps buyers make prudent decisions about their used car purchase—and that means showing them the best sellers in their area. Contact us today to learn more about the best used car dealerships near you.