Basic Procedures in the Purchase of Used Cars
Survey shows that there are nearly 40 million used cars that are sold each year in the US. Looking for the right kind of used car that will meet your requirements will be challenging as there are many choices in the market. You may search online for professional advice on what to look for with respect to buying a used car. Consider these useful tips in guiding you to look for the right used car.
First and foremost in purchasing a used cars nj is determining how much is your budget allocation that you can afford so you are able to focus immediately on cars which have price ranges falling into your budget. One must also bear in mind that used cars are subject to more maintenance care, like new tires, regular engine maintenance check-ups, etc and this translates to adding these expenses into your budget allocation, as well as ownership costs like fuel and insurance. If you're taking a loan to pay for your car, the rule of thumb is that your car payment should not be more than 20% of your take-home pay.
So you cannot be burdened with so many used cars to search, limit your choice by just targeting to at least three brand cars, which are reputed to have good maneuvering system, good material construction, and reliability and which have price ranges that fall into your budget. When you have chosen a used car that is less than 5 years, find out if it is supported by a CPO (certified pre-owned) warranty, which is a warranty provided by the car manufacturer and not from the car dealer. By inquiring on this, it assures you of the quality of the car and reputation of the car manufacturer.
It is important to note that the prices of a used car are also dependent on the location and on CPO warranty. Location of where the used cars are displayed, such as new car dealership display lot, independent used car lots, and used car retailers, contribute into the price mark up, such that the lowest selling price can come from used car retailers. Learn more about used cars at http://www.ehow.com/how_107394_buy-used-car.html.
A car with a bad history will have the least chance of being bought, so it's important to check the history of the vehicle. To secure vital information of a used car's vehicle history report, AutoCheck and Carfax can provide you these, including reports if the car's odometer has been rolled back or that the car has been declared a total loss by the insurance company.
By contacting the seller, you are able to get more information about the real condition of the car, which is vital in your decision to buy the cars under $10000 or not.
If possible, get an experienced mechanic to check on the car so that whatever is the mechanic's report can help in your decision.
Together with the mechanic, test-drive the car to find out if it's still in good working condition.