If you want to buy a car, you may wonder where to start your own car research. The days of driving from one dealer to another to see what's available are over. Today, with the technology within our reach, the world of used car purchases has changed dramatically. If you buy used cars in the market, continue to read the following steps to study used cars.
Set a budget
The first step in the car purchase survey process should always be to figure out your budget. You don't want to waste time looking for the perfect car, only to find that it's $2500 over your budget. Whether you pay in cash, lease, or financing, make sure this is the first step.
Find out what you want
If you are renting or financing, it is best to calculate the actual amount you should spend each month and stick to this figure. Even if it's $20 more per month than the original budget (although it doesn't seem much), it's $240 more a year (excluding taxes). Whether through local dealers or third-party financing, ensure that your monthly supply is within your long-term affordable range. For example, if you plan to finance a $20000 car (we assume that your credit is good, the interest rate is 7%, and the down payment is 20%), your monthly payment is about $304. The more money you initially pay, the lower the monthly repayment. However, it is important to assess your personal financial situation to determine which payment method is best for you.
Consider additional costs
If you buy second-hand items from dealers, studying additional costs and expenses is also an important step in calculating the budget. These expenses may add hundreds of dollars to your total cost. Additional fees may include destination fees, ownership and registration fees, and state-specific taxes.
Understand the warranty period and decide whether additional coverage is required
Protection programs can increase your monthly vehicle costs, however, they may be crucial in the long run. There are many protection programs available for a variety of repairs and services. For example, Wilson Ville Toyota offers programs that include prepaid maintenance costs, gap protection, and many others. These options are very useful and most dealers will recommend them. However, not all buyers think they are necessary for their lifestyle and budget. During your research, it is important to understand the vehicle warranty, because many used cars are still covered by the manufacturer's warranty. In addition, many dealers provide a warranty when buying used cars. For example, Wilson Ville Toyota ensures that all used cars have a 3-month / 3000-mile limited warranty.
Find out the discount value of your current car
There are several ways to know the value of your car discount. Of course, it is a good choice for the dealer to evaluate so that the exact condition of the vehicle can be determined. However, there are some tools you can use before you drive to your local dealer. One option is the "value your transaction" tool on our website, which provides useful information about pending transactions. The book value of used cars, such as Kelly blue book, can let you know how much your old car may be worth before entering the dealer. However, the only accurate value of a car is the price that the buyer is ultimately willing to pay.
Create a list of vehicles
Determine vehicle type
If you are studying transportation, you may have a general concept of what you are looking for. The popularity of compact SUVs has peaked recently, but cars are still very active. The first step in finding "that person" is to find the car that suits you best.
Once you decide what kind of transportation you are looking for, the next step is to find the one that suits you best. Some carmakers are just safer and more reliable than others. It is beneficial to do some cross-brand research to find out the most suitable needs for you. Some buyers charge their cars for convenience and then buy a car of the same model, but they can provide some additional insights by doing some additional research and comparing similar models of different manufacturers. We compared some models to make cross-brand research easier.
Looking for the perfect model
Once you narrow your selection, comparing the manufacturer's cars can help you narrow your search. One car may be equipped with the standard safety features you are looking for, while another car may not. You may come to a dealer and insist on buying a Camry, but you may find that the Corolla is more suitable for your needs. Seeing more different styles can help you find the one that suits you best.
When you are searching for a new car, price is obviously the most important demand. Checking the book value of second-hand cars can help you find the right price for the car you are looking for, which will give you a solid number when you start searching for second-hand garages from different dealers. Websites such as cars.com and CarGurus can help provide detailed car pricing information. Carfax also provides the value report of used vehicles, showing the comparison between the price of specific vehicles and the average market price, as well as the added value of vehicles. These tools can be very useful to find the car that others are paying for, similar to what you have chosen your eyes.
Get a vehicle record report
A vehicle history report (VHR) is very useful when buying used cars. You may find a perfect car at a reasonable price, but if VHR shows that the car has experienced a serious accident and has salvage ownership, you may no longer be interested. There are several places to buy VHR, but the most popular are Carfax and autocheck. Learn more about vehicle history reports and how to read them here.
Arrange a test drive
Be sure to ask questions
Once you narrow it down to a few cars you are interested in, it's time to arrange a test drive! This is the best time to ask questions. Buying a car is a huge investment, so don't be afraid to ask all kinds of questions, whether it's about fuel economy, car history, price, or anything you're interested in.
Some common questions:
What's the extra charge?
Is the car still under the original warranty?
Did the car have an accident?
What are the security features and how do they work?
Is there a service record?
How many keys are included?
Does this car have a spare tire?
Are all the key elements working?
How many former owners are there?
Is there a recall?
Learn more about features
When you're driving, learn about your car. Ask about technical and safety features, find out how they work, and make sure there is enough space in the trunk to store everything you need. It is important to know the inside and outside of the car before deciding to buy it.