Used Car FAQ
If you are considering buying a used car, there may be several questions running in your mind. Buying a vehicle that has been pre-owned is like gambling. You can either get a great car at a decent price or you may end up buying a car that requires constant maintenance and heavy immediate expenditure. At Honda Morristown we make buying used worry free with our Love it or Leave it Policy.
How much should I spend on a used car?
The amount would vary depending on budget and requirements. However, you should avoid buying a car that requires tire changes, denting and painting, replacing engine parts, etc. These expenses can add up to a huge sum. Also, when you are buying a car, consider the cost as well as extra expenses you will have to bear for its repair. Add the shipping charges as well. If you are going to take a loan for paying for the car, the amount should not take up more than 20% of the take-home pay.
Which car should I buy?
Buying a Toyota Camry or Honda Accord is considered a wise option but you should not limit the brands and models. You should have at least 3 cars from different brands in your list before you narrow down to one. If you are thinking of buying a car that is new (less than five years old), go for the one that’s CPO or certified pre-owned. CPO vehicles possess long-term warranties backed by the carmaker and not only the dealership selling the car to you.
How can I avoid buying flood-damaged vehicles?
People avoid buying used cars from private sellers due to the fear that it could be a flooded vehicle, which would require tons of repair. If you are one of them, look for certain signs that can reveal whether the car is a flood-damaged vehicle. Inspect the vehicle closely to look for signs of rust, dirt, or sand on brake pedals, screws, and other metal parts. If an old car has new carpeting and interiors, do not refrain from enquiring about it. Also, look for watermarks, corrosion, or a thin brown coating on the vehicle’s exterior. Check whether the car’s electrical system works.
Can I get the vehicle checked thoroughly?
If you are buying from a dealer, they will offer you a free history report of the vehicle. These reports can reveal important information about the vehicle, including whether its odometer has been tampered with to if it has salvage title, which implies it has been declared a complete loss by the insurance company. You can use the car’s VIN or vehicle identification number to obtain this information. It is recommended to get the vehicle checked unless you are buying it from a family member or a close friend.
The Bottom Line
Before buying a car, you must always test-drive it so that you know the model and the car is right for you. You can also assess the used car’s condition by driving it, including the seat’s comfort, the efficacy of brakes, smoothness of steering wheel, any smell of burning oil or gas, noises the car makes amongst other things. Check the headlights, indicators, and AC too. Once you are completely satisfied with the above-mentioned questions and the used car’s conditions, you can consider buying it.