Welcome to our blog!. Today we have a lot to cover, so let’s jump right away on how to buy a used car so you can avoid headaches and awful surprises.
Figure out your car budget
Don’t go look for cars unless you know exactly how much you can pay for it. If you can pay cash great!! But if not you need to be really honest on how much are you able to compromise when you finance it. On the next video, I will talk in depth about how to get the best deal, for now just defined how much are you willing to spend on a car without putting your family's finance in risk.
Do the research
You have to focus on these 4 things: year, kilometres, price and quality. And the best deal will be the combination of these 4 characteristics. I said it in the previous video, and I will repeat it, the purpose of a car is getting you from point A to point B so unless you have the money to pay for it, it’s not time to look for your dream car. You need to be open to look at different brands and models you can get an excellent deal if you don’t stick to only one model.
If the seller is a dealer, they have to show you the history of the car. And if it’s a direct seller, you have to ask them to print this paper. If they don’t want to give it to you, they might be hiding something so make sure you print one before you make the commitment to buy it. So in the car report, you have to check how many owners the car previously had. If there were any accidents and how much it cost to repair it, the status if it was a salvaged.
Next week, I will show you how to negotiate and get the best deal. For now, I want you to remember this. Buying a used car from a certified dealer does not guarantee you that it is a good car. They are dealers, they buy for cheap and sell for more, they don’t know if the previous owners took care of the car or not. The used car from a dealer is the same used car for a private sale. The only difference is that with dealers you have the option to finance and the more in debt you are, the more they will hit you with their interest rate because they know you need them.
Keep crashing your money goals, and we will see you next time!
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