Why buy a brand new car if you could buy a pre-owned luxury for much less the cost? Many and many people are opting for used cars because they’re relatively economical. But is it practical? What are the risks of buying a used car you don’t know too well?
Here are seven things you must do before buying a used car:
- Know What You Want
This is not just applicable in buying a used car, but in all aspects of life. Before you even consider buying a car, it’s important for you to have a clear idea on what you want and need in a car. What are you going to use the car for? For travel? If so, then what terrain will this car travel on? How many people will be riding on it? Do you have special features you need in mind? It’s best if you ask yourself these questions. Remember, salesmen are just there just assist you, not help you figure out what you want.
- Set your Budget
Don’t let anyone persuade you to buy a car that will exceed your budget. The assumption is that you’re buying a second-hand car because you’re on a limited budget so there’s really no point in going beyond the amount you set for yourself.
Also, having a set price range allows you to narrow your choices, as well as negotiate on the price. Also, this budget should also include other expenses that comes with buying a used car: inspection fees, repairs, etc.
- Inspect The Car’s History
Ask for a detailed history of the car: Was it involved in an accident? Does it have tendencies to malfunction? Request to see the car on a dry day, so you could examine the car properly yourself. You could also simply request the report from the dealer themselves if they have it. If the dealer can’t provide you with a history report and won’t allow you to inspect the car yourself, it’s best to walk away.
- Get the Car Inspected
After getting a clear report on the car’s history, have the car inspected for its current condition. Or if you want to be time efficient, opt for a car dealer that does this for free. Carmatch is one of the trusted used car vendors in the Philippines that save you time by pre-inspecting their cars for free by their expert technicians.
- Test Drive
This is perhaps the most crucial part of the process. Test the car you’re interested in under different situations and conditions and see if it works fine. If you notice something off about the car that you’re look for another one. It might not be brand new, you’re still going to invest a huge amount of money for a second hand car, so it pays to make sure that you’re only going to buy the best for you.
- If You Must, Walk Away
Again, don’t let anyone persuade you into liking a car that doesn’t exactly match your needs, preference, and budget. Accepting an offer that isn’t truly compatible with you puts you in a disadvantageous position. There are many dealers out there that could accommodate you and offer you better options.
It’s very important to be informed about the endeavor you’ll plunge yourself into, especially in big financial investments such as buying a used car—and it’s just half the battle. Like any other investments, you will still need to insure it and a car insurer that would put a premium on your car a priority. MAPFRE INSULAR, one of the biggest non-life insurance companies in the Philippines, would be more than glad to assist you with that.
For more information, visit: https://www.mapfre.com.ph/insurance-ph/personal/car-insurance/
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