Purchasing a used car will save you a huge sum of money you can use for other things. Parting with tens of thousands of dollars can be more painful than signing a loan contract. Whether you just want a simple and cheap car or and exotic ride to rock the streets with, there are always lots of choices on the second-hand market.
But this cannot come easy with those difficult salespersons that try to milk some huge amount of dollars out of your pockets. This guide will give you what it will take for you to buy your car easily and with little stress while saving yourself some money for other things.
The price of a used car will solely depend on what car you want and how much you have.
Use cars are less expensive
Let us look as this so you will be able to decide which one will go for you. Let say the car that interest you cost about thirty thousand bucks when new, by the end of the first year when it must covered about a hundred thousand kilometers, its price might drop to maybe twenty four thousand bucks. Buying it after the first year of use will save you approximately 25% and with continuous depreciation in the next year, the car will likely lose around five thousand bucks which will leave it at nineteen thousand bucks. So you can guess the price of the car from its continuous use and depreciation and from the amount you have to buy the car with you will know the state of the car you will be buying.
So if you are going in for a second hand car, buying it after the first year of use will save you a whole lot of cash. But note that you will not get an exotic car for sale that easily after a short use like that except you are really “lucky”. Do not think you will pick a Roll Royce one old. People who buy plush cars do not give them out that easily.
Buy a car that will be easy to manage
When you know you financial limits, you save yourself the stress of over thinking and come faster to a favorable conclusion. Though there are lots of sites out there to help you compare the prices of cars, follow these simple Buy-rules so you will not be buying a car that you can’t manage:
Buy a car with a small engine
If wanting to buy a cheaper car is driven by how much you will be able to afford to fuel it, then get a car with a smaller engine. What matters here is not the horse powers of the car but its efficiency in cost. A one or two-liter engine will consume less fuel than big engines. So the consideration to look for a car with smaller engine will be important.
Buy a manual car
Manual cars tend to be cheaper than automatic cars. You may not like the idea of having to shift form gear to gear because it is strenuous but going for an automatic car will come with an additional price as it is meant to take that stress from you so you have to pay the price.
Buy a petrol engine car
Cars with petrol engines tend to be less expensive than their counterpart cars with diesel engines. You maybe fooled to think that since the prices of diesel at the pumps is lower than the price of petrol, this should be the right choice. Nope, take a petrol engine car of same model and make to the fuel station with the same kilometers covered by its counterpart and you will be surprised. They are not only expensive but cost more at the pump.
Buy a car with a good engine
When checking up on a car, do not forget to check its carbon dioxide emission as well. A bad engine will produce a lot of it and you will be paying a lot of road tax to take care of the mess your car is leaving behind. And this will make no sense as you are trying to save money. Some cars will cost about 70 bucks a year to road tax.
Buy a smaller car
To insure a big car is more expensive. So if your main aim for buying a cheap car is to save money, get a small car. Simply saying if you are going in for a pickup, know it will cost you more than a smaller car to insure.
With all of this in mind,
Buy the car you need
At times we get confuse on which car we really want, but if we take into consideration certain things, it will help you a lot. You could ask yourself these questions before actually jumping into the purchase.
- What do I need from the car? Is it space or luxury or cheap or economical? And many more questions.
- What do I need this car for? Is it for business or work or just to drive around with?
- Do I need a petrol or diesel car? Which fuel do I really want to use?
- Do I want a car that emits less CO2? An eco-friendly car?
Just ask yourself lots of questions and provide answers for them. This will help you in your decision.
Buy your car after checking as many car dealerships as possible, comparing their prices
When you must finally come up with your best buy, the next thing will be to check as many dealers as there are around your area and their best offer on your second-hand car choice. If you think their prices are not satisfactory and you have to travel far to check for better prices, increase your radius of search by making a note of the best prices and where they are then go back to your local dealers if they can go that low.