The automobile trade is one of the more resilient industries today because transportation is proving to be an important facet of everyday life. With the transition of various cities around the world from using the traditional business logistics into opting for a more technologically systemic environment, transportation has been critical more than ever. People should be able to move from one place to another faster, easier and more efficiently.
As such, the automobile industry has recognized this trend and began stirring up the market to match the demand. This is why various upcoming brands are now being introduced into the frenzied market for consumers to add to their options.
Many car brands are actually boasting new models this year, from durable trucks to the sleek sedan models. Nonetheless, the prices of these brand new car models may prove to be uneconomical for some. This dilemma has opened doors to the now trending method of purchasing the perfect car – buying used and reliable car models from the many car resellers and distributors. Buying these previously owned cars is actually smart, considering the price difference from its original suggested retail price.
According to Experian‘s most recent State of the Automotive Finance Market report, used vehicles cost a lot less, with an average financed amount of $18,850, more than $10,000 less than the amount for a typical new automobile.
Considering this option, how do buying used cars make you win big? Here are some ways this highly beneficial alternative has provided wonders to thousands, if not millions, of car owners.
D is for Dreamy, classy, you can still get Luxury
The common misconception with buying a used car is that it is not as classy and as hot compared to getting brand new ones. The image formed in your mind when you’re actually looking for second hand cars is it is ragged and craggy, rusty and may break down easily when you drive a mile up.
This is not necessarily true. Second hand cars can still provide the same dreamy, classy ambience emanating from a brand new car.
The reality about used cars is that they are still car models which are designed by the big guns in the automotive industry. These machines are still integrated with the technology of the time they were established, as well as the features that distinguished them from the others. The only thing that is different is that most of these cars are slightly used. They can be older models, yes, but they are still the same machines that provide luxury and comfort to the people who had them originally.
You can always check online for these car’s histories if you’re looking at security as top priority. The two biggest providers of vehicle history reports, Carfax and AutoCheck can absolutely provide essential details when buying a used car.
Using the car’s VIN, either company can obtain a substantial amount of information on a used vehicle. Highlights of the kinds of information contained within a vehicle history report include number of previous owners, previous registration status, accident and repair history, and mileage validation.
R is for Reliability is Not an Issue
For most people, buying used cars is a risk, considering the fact that you are supposed to gamble on a product that may or may not have issues. Used cars are as cheap as it can get, but often, its reliability is being questioned since pre-owned cars may or may not have a bad history in its visit in the mechanic. In this case, how do you look at a car and have a gauge on its reliability?
Basically, you can have a greater perspective about your prospected used car from its original owner. The first thing to ask is if the original owner bought the vehicle at the dealership. Then ask whether the owner had it serviced at the dealership. If the answer is yes, ask for the service records.
If you’ve decided to do business with a dealership, check to see if previous customers have filed an unusual volume of complaints to the person you’re dealing with. You may also ask friends and family whether they know anyone who has had a good — or bad — experience with that dealership. Stay away from independent used-car lots which are actually widespread today. They sell the mechanically suspect, high-mileage, worn-out cars and trucks that you are trying to avoid in the first place.
CPO vehicles sold at new-car dealerships are supposed to undergo rigorous inspections and testing before being resold. They typically have fewer miles and cosmetic problems and come with some type of warranty, though such agreements can vary considerably. Think twice before buying a model that has a history of significantly more problems than average, especially if major mechanical components such as the engine or transmission are prone to breakdowns.
A is for Availability of Many Flexible Payment Options
While it is true that you will typically pay a higher interest rate on a loan for a used vehicle than you will on a loan for a new vehicle, historically low rates mean that many automakers can offer attractive financing options for their Certified Pre Owned (CPO) vehicles.
Most leases are written for 3-year terms, and include restrictions related to mileage, vehicle maintenance, and condition. Due to these restrictions, people must take good care of the vehicle or face expensive fines at the end of the lease. When the lease term is up, the car is returned, and the returned vehicle must find a home. Typically, that car’s new home is the dealership’s certified pre-owned (CPO) lot.
Off-lease vehicles are usually perfect for CPO programs, which essentially guarantee a used car buyer a vehicle in “like new” condition. Cars sold through CPO programs have low mileage, are well maintained, and have up-to-date check-ups.
However, some vehicles that find their way into CPO programs are not off-lease vehicles, and they’re not lightly used trade-in models. Rather, they’re pulled out of daily rental car fleets. You’ve rented a car before. You know how they’re treated. You don’t want one of those. Good thing you can always run Vehicle Identification Number (VIN) check to obtain a vehicle history report.
W is for Where to find it?
The good news is that today’s vehicles are better than ever; vehicle history reports can reveal important details about a car’s past, and automaker’s CPO programs offer a nominal guarantee that you’re getting the cream of the used car crop.
You can check out over the web for the best car dealers near you by Googling ‘used car dealers’. For example, if you want to find good quality Toyota used cars, you can always check out various sites online which provide a gallery and specs for your proper selection. One good example of a used car website is through Autotrader. You can get your car options online by logging in and inputting your zip code in their site.
Then again, you can still opt to go to a car garage or used car retailer in your area to see the car in person and make the deal real-time.
There are great used cars of every stripe out there. You just have to specify what you want with regard to the level of comfort, luxury and efficiency that you need. You are buying YOUR car anyways, so your preference is on top of the list.