What compromises do you have to make when buying a used car?

Used car dealerships are flourishing all over world, because the entire global economy was hit by the economic crisis. From many points of view, buying a car, for family or personal use, is no longer a must, but an extra benefit that you may or may not be able to afford. Between the need for personal transportation and the one to cut costs, second hand car sellers seem to provide the much awaited balance. Their field of operations is better defined than it was in the past and their products are of a higher quality, because many people choose to sell their cars to dealers while they are still in good condition. However, you need to have realistic expectations. Can you find a decent Holden Caprice at a fraction of the cost? Probably yes. But can you get the guarantee that this vehicle will work as a new one and you will be able to count on it for decades? That depends on who you work with.

 

First of all, it’s important to understand the difference between compromise and priorities. A compromise is an aspect that doesn’t benefit you at all and that you have no other option than to accept. However, a priority means that you chose one aspect over the other after you have analyzed your financial possibilities. In the context of used cars, you will have to decide what constitutes as priority for you. If you have a small budget at your disposal, then you should be aware of the fact that you cannot buy the most reliable car and still get a bargain. Analyze aspects such as price, fuel efficiency, rating and design and decide on the one that is most important to you. For example, if you’re only looking for a temporary solution and plan on upgrading to a new car in the future, then you can go for an average brand. However, if you’re counting on this car to last you decades, then you should be ready to spend more.

 

In terms of compromises, the only one that you will have to make refers to the warranty. As you might already be aware, used cars rarely come with a manufacturer’s warranty and if something should malfunction in the following months, you will have to cover the costs. For this reason, you have to discuss the details of your transaction with the dealer and make sure you get a good offer.