If you are looking to buy a car for a strictly functional purpose and not as an investment, a used car is the right choice. Why?
One of the reasons why more people are buying used cars is the freedom from the worry of that first parking-lot dent or the fading sheen of its doors. You simply have to drive the car you bought and not worry about its depreciation like you would have to if it was a new car. You can buy used cars from two sources primarily:
1. Certified dealers
2. Private party
Private Deal isn’t always a Good One
A private party could be anyone from a family member to a colleague to a person you ran into on the street. It means anyone who wants to sell their car. You may think of choosing to go this way to save a few bucks because buying a used car from a private party is cheaper than buying it from a certified dealer.
But, buying from a private party does not guarantee a trouble-free experience. It involves too much risk because of the following reasons:
>>You may end up with a stolen car.
>>The warranty, if you’re given any, may not really be as assuring as offered by a certified dealer.
>>The odometer may not really show the exact number of miles the car has traveled.
Trust and Safety
The least you deserve when you pay with your money is good product and peace of mind regarding the purchase.
A certified dealer, apart from being a trustworthy option to buy your car, will often give you great deals on roadside assistance and maintenance. He will also provide you with an extension in the warranty. Safety is a priority with dealers. If the car you buy from them is in need of a new part, they will help you to replace it with only genuine parts.
It does not mean that you need not be cautious while walking into a certified dealer’s lot. A dealer is running a business, so to cater to as many customers as possible; he may try to rush your decision. And, he may pressure you into buying a car that you do not really want to buy. You need to remember that the buying power rests with you. And, you should only buy a car that you like.
In going to a certified dealer, the biggest risk is getting a car you did not really want. You can avoid the risk by being aware of your options and having an estimate ready in your mind. If you know exactly how much money you want to spend on a car, the purchase becomes easy.
You can always refer to NADA Guides and Kelley Blue Book in order to get the right price for a used car in your area along with other information for any model that you want to buy. Researching on your own before you walk into a dealership is never a bad idea.
If you go into the dealership already aware of the expected warranty and cost of the used car model you want to buy, you cannot make a wrong decision. Choose a certified dealer, work out the specifics, and you will have a car which will last a long time in your care.