3 Factors You Need to Know When Buying Used Cars

With all the car brands lining up to release their annual car designs and models, the battle in the automobile industry is relentless. Anything and everything now is integrated in your car, such as various computer technologies and performance boosters that makes each of these car lines unique.

When Toyota released its Land Cruiser line with its double overhead cam (DOHC) 32-valve V8 motors, Nissan is quick to retaliate with their Patrol driven by the same outstanding V8 engine. In the long run, both of these machines are widely regarded for the technology embedded in its systems, ultimately making them contenders in the industry.

inspecting new car

As the number of car lines being produced daily continues to increase, add in the unending integrations of technology to the vehicle’s’ mechanisms, the prices are pushed to the ceiling. As a smart consumer, it may be a huge factor that may cause you to hold off on your necessary purchase. Cars being introduced today maybe unaffordable for many car buyers; this is why you should play it smart when it comes to purchases.

Buying used cars can be the solution to your dilemma.

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. In fact, when you import Japanese cars from auctions, you can get one of the cheapest around, even offering a wide array of car lines.

nissan vs toyota

Beyond its apparent cheapness, there are other reasons why you should partake in this kind of trade. Here are three factors you know to realize why buying used cars can be of great benefit, and how to find the best ones to move into your garage:

Used Cars are still reliable

Used cars are as cheap as it can get in the market. However, one of the most common concerns is its reliability. The nagging feeling whether a used car is still worth every dollars comes from the idea that pre-owned cars may or may not have visited the mechanic in a long while prior to its sale.

So how do you look at a car and gauge its reliability?

certified used car

In a personal sense, you can actually have a greater perspective about your car from its original owner. One thing to do is to ask whether 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 rampant nowadays. They sell the mechanically suspect, high-mileage, worn-out cars and trucks that new-car dealers don’t want.

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 a form of warranty, though such agreements can vary considerably. Think twice before buying a model that has significantly more problems than average, especially if major mechanical components such as the engine or transmission are prone to breakdowns.

After all these considerations, you can have yourself the best used car that is reliable, efficient and is not as expensive as the new ones.

They Provide the Same Luxury, Comfort and Safety as New Cars

The fact still remains about used cars – they are still car models which were designed by the big guns in the automotive industry. These machines are still integrated with the technology of the time when they were manufactured, as well as the features that distinguished them from the others.

car technician

The only thing that is different is that most of these cars are slightly used. They may be older models, but they are still the same machines that provide luxury and comfort to the people who had them originally.

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 and luxury, as well as efficiency. You are buying YOUR car anyways, so your preference is atop the list.

It may also be true that the level of comfort a new car can give can’t be likened by that of a used car. The advantage of getting pre-owned ones is that it keeps your bank account not as emptied, with these cars still providing a sense of ease especially in transportation for you and your family.

If you are looking at security as a priority feature in these cars, you can always check online for these car’s histories. Carfax and AutoCheck are the two biggest providers of vehicle history reports, and it is absolutely essential to obtain one when buying a used car.

Using the vehicle’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, flood, repair, and mileage validation.

While a vehicle history report cannot identify every possible cause for concern associated with a particular used car, easy access to them certainly gives peace of mind when buying one.

Flexibility in 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, dealers have long established attractive financing options for their Certified Pre Owned (CPO) vehicles.

for sale

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, they’re well taken care of, and all maintenance requirements are up to date. 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!

Buying a used car is riskier than buying a new car, because you don’t know 100-percent surety where the car has been or how it was treated. There are no guarantees that significant problems won’t arise before you’ve got it paid off.

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. Take advantage of the systemic evolution, and you can finally get a hold of your brand new “used” car!