How to Evaluate a Used Car Before Purchasing
Buying a used car is often a smart, more cost-efficient option relative to buying a new one. This is because the value of the car depreciates every year and cars easily lose their value over time. So, if you are under budget, it is great to invest in a used car rather than buying a new one. On top of that, cars require plenty of ongoing maintenance, they go through wear and tear, and will more often than not require some form of repair in just a couple of years of purchase.
For these reasons, the market for used car dealers Auckland is growing rapidly. Additionally, used cars are much more affordable and are the economical choice.
The best part? Loans for used cars is easily available, and banks offer great deals on used car loans. However, it is important that you properly evaluate a car before buying, because you may have to pay more on part replacements and maintenance.
In this guide, we discuss what to check before buying a used car. Let’s jump right into it.
#1 Car History
Before you make up your mind, you should get as much information as you can about the car from the current car owner. Research the actual cost of the car (brand new), and determine whether the company still manufactures that model. If the company has stopped manufacturing the model, it means the resale value has already plummeted for that car model. Upfront research is important because there could be issues with the car. A pre-purchase inspection is generally useful in this situation.
The next thing you have to look into is the mileage on the car. On average, a car will easily rack up around 20,000 kilometres each year. To determine whether the car has low or high mileage, divide the total distance travelled by the age of the car. It is up to you whether you want a car with high mileage or low mileage. A car with high mileage will probably have more wear and tear on its engine and other mechanical components.
#3 Rust and Paint
Of course, you would want the car to look in good condition. But the fact that you are buying a used car deprives you of that. Even if the previous owner did everything in his/her power to keep the paint intact, there would still be minute scratches and rust formation. Small scratches and rust patches can be fixed fairly easily and aren’t necessarily a deal-breaker. However, the problem arises when the metal is completely rusted.
Inspecting the engine is a must, and you should bring a mechanic with you when evaluating the vehicle. The mechanic will be able to tell whether or not the engine will need any tweaking or maintenance or is completely useless.
Factors like the condition of the upholstery, interior electronics, dents, tire condition, among others, will influence the cost of the used car. So, you need to evaluate them properly. Last but not least, make sure you take the vehicle for a test drive.