Things to Consider Before You Get that Used Car
Did you finally get your driver’s license? You still feel euphoric over having passed that driving test that you took a week ago. Because of your driver’s license you finally have the right to buy a car. Now you will be able to do what you have been planning to do when you get your car. You picture yourself being able to do some errands around town in that car of yours. You also begin to picture yourself in it with rolled down windows as you head out for your first out of town trip with it. You are just excited to buy your own car.
Since this is your first purchase of a car you think about just getting a used car. You probably think that it will be a good buy since all you need is a running car and a used car will run. You also don’t want to blow your savings on a brand new car. That is the reason why you have finally decided to just get a used car. You may have even visited used car dealers already to see the used cars that are on display there. But before you get your used car from a car dealer consider the following first.
One thing that has to be considered by you is the resale value of used cars. This means that when you realize that you want a new car you won’t be selling your used car for much value. So it is guaranteed that you will lose money you paid for it initially. Even after one year of use its resale value will be low.
The next thing that you need to consider are the hidden costs that come with purchasing a used car. The hidden costs will be from the dealer where you are buying the car from. This will be all the more true when you avail of their in-house financing to pay for the used car. That is why it is highly recommended that you pay in full in cash to avoid this.
The third point that you need to keep in mind is that a used car is expensive to use. You see a used car’s fuel efficiency is low. You are not familiar with the driving ways of the previous owner of it so you don’t know how smooth it will run in the long run. But you can be sure that it is not fuel efficient anymore. Smooth functioning is also something that you cannot expect from it. Maybe the car has ran for many miles over the years already. These two conditions will result to you having to make more trips to the gas station.
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