Monday, April 2, 2012

Buying a Used Car

It can be a nightmare, especially if one has a budget.
Why one should buy a used car? Obviously because one cannot afford to buy a new car. Buying either a used or a new car is complicated because of the wide variety of automobiles and models in the market. If one has a fixed budget, it may be hard to get a car of one's choice.
Generally the factors that should be considered while buying a car are the price, the make and model of the car, the condition, the mileage, repairs required, safety and emission testing etc. There could be many other factors that one has to consider while purchasing a car.
A used car can be purchased from a used car dealer, directly from car owners, from brokers or from government sources. There are many seized cars available from public agencies as well.
There are some varieties of cars which are in high demand. This is especially so with some Japanese cars. These cars are in high demand and have a good resale value.
In fact resale value should have a higher weightage while buying a second car. This is because if one does not like a previously owned car, one should be able to resell it without much loss of value.
One has to be careful while buying an old car. One should know a little bit of mechanics also. The usual things that one should check are the type of transmission, the engine size, mileage, condition of the body, tires, exhaust system, alignment, condition of seats, availability of air conditioning, air bags, power locks, power seats etc.
It is hard to find a vehicle that matches all the desired features. And when there is a tight budget as well, there is usually a chance of give and take.
Obviously, price is one of the main factors. One has to compare prices of the same vehicle at different places. Generally cars offered for sale by owners will be cheaper than those being sold by car dealers.
The sources of used autos are newspapers, auto magazines, Ebay, other online websites, posters, used car dealers, friends and colleagues, TV, radio, liquidators, car mechanics etc.
While buying, one should be careful because this is an unregulated market, with no warranties, lack of full details about a car, blind spots etc. One may find a gem some time and may also get a junk.
Many times it may be better to buy a car through a used auto dealer because the dealer may take the responsibility, may be more open and professional, may reveal more, may be more cautious, and provide complete service. All this depends upon the level of comfort that one will have while buying an older vehicle.
The author has background in business, economics and finance. He is presently researching in finding ways to make money and working on the following website and blogs:
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Buying a Used Car


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