Are you in the market for a new or used vehicle? Have you finally grown tired of making constant repairs or does a change of venue dictate that a new model (such as one equipped with four-wheel drive) is needed? If so, you might not be able to afford an outright purchase or your credit may not be sufficient to opt for a lease. New and used vehicles are excellent options to consider and with a bit of preparation, it has never been easier to make an informed choice when the time is right. What are some of the advantages of opting for such cars? Are there any mistakes to avoid and what professional tips should you keep in mind? Let us examine these and a handful of other questions so that you are prepared well in advance.
Price is the obvious advantage in this case. Were you aware that a vehicle can lose up to 40 per cent of its original value after a single year? In other words, you might be able to purchase a high-end brand such as a Mercedes or a Land Rover for only a fraction of its initial price. This is great if you are on a budget and you are still looking for quality options.
Another benefit associated with most car dealers is that they are normally willing to negotiate up to a point. While they will not often admit this fact, the MSRP (manufacturer's suggested retail price) can often be changed to a certain extent. Although you might not be able to reduce the asking price by thousands of pounds, the chances are high that you will be presented with room to negotiate.
Another interesting feature of most new and used car dealers is that their stock tends to rotate on a relatively regular basis. When we then take into account the fact that a growing number of firms are listing their offers within the online community, convenience is king. In fact, you might very well be able to find a specific make or model within a handful of minutes when using an online search engine (more on this subject a bit later).
While the advantages above should be clear, it would be remiss if we failed to mention a handful of potential pitfalls to avoid when searching for a used car. The most obvious is the condition of the vehicle in question. Keep an eye out for a handful of telltale signs that it might not be entirely reliable (particularly with used models). Examine these qualities:
Assuming that you are considering a specific model, take a look at its value through the use of an online pricing website such as Kelly Blue Book. Is the asking price similar to the year in question? If not, you likely have a good deal of room to negotiate. In the event that the dealer is asking for more than 20 per cent of the listed value, it might be better to look elsewhere. Try to compare at least three different offers from three separate used car dealers, as this can also help you to appreciate realistic values as well as how much you will ultimately be required to spend.
There are many online venues which can be used to search for such vehicles. A handful of the most popular portals to keep in mind include:
A used or new vehicle can represent a great investment if the purchasing process is approached in the correct manner, so feel free to refer back to this article as may be required.