5 Mistakes Preowned Car Buyers Can Make
Westchester County Preowned Cars | Yonkers Automall Dealer
Shopping for a used car can be a stressful, overwhelming process. Unfortunately, too many shoppers wind up making costly and avoidable mistakes. Don’t end up with a lemon: avoid these five common used car-buying mistakes.
Not researching the price
Take the time to shop around and know what you should be paying. Research a wide variety of prices and bring documentation of these prices with you to negotiate. Also, understand what interest rates you qualify for and exactly what types of financing you can afford. If you’re not prepared with financing options before you approach the salesman on the used car lot, it is that much easier to be taken advantage of.
Buying a certified pre-owned car that actually isn’t certified
Take a good close look at any warranty offered with a used car. Only manufacturing dealers can certify their own respective pre-owned vehicles. If you are buying a used car from a local dealer on the corner or a private individual seller, chances are you aren’t getting a certified pre-owned vehicle.
Not staying in budget
Set a budget and stick to it. If you haven’t set firm parameters regarding price, it is easy to become distracted by all the options available to you. If you’re not comfortable with a car’s price, don’t be afraid to negotiate. Remember, there are plenty of used cars out there, and salesman are eager to make a deal.
Not doing your due diligence
Arguably the biggest mistake a used car buyer can make is to purchase a vehicle without first doing due diligence. Take the time to research and learn the ins and outs of the current used-car market. ConsumerReports.com, Kelley Blue Book, TrueCar.com, AutoTrader.com, NADA Guides, and JDPower.com are reliable sources providing accurate and up-to-date information. Make sure you insist upon a vehicle history report; this will provide you invaluable clues as to a used car’s history.
Not checking the tires
Checking a used car’s tires is one of the most overlooked initial inspections. Be aware of tires that are over five years old, the time when manufacturers highly recommend inspection and/or replacement. Also, consider the wheel size of the car. Certain wheel sizes may require expensive future replacements. Make sure you understand the maintenance needs and costs of your car’s tires.
Avoiding these five common used-car buying mistakes can save you a great deal of time and hassle when shopping for your next used car. Be a smart shopper and make sure you kick those tires (literally and figuratively). Let our preowned car dealer know if you have any questions.