Are you looking to buy a used or second-hand car and need some help?
There are a lot of things to research when buying a used car, and it can be hard to know which bits of information you need to know before finalizing a sale. In 2024, most used car sales are done via the internet, making it harder to spot an issue or a scam.
So, here, you will be walked through some of the most commonly searched questions about purchasing a used car.
1. How Do You Spot Optmoter Fraud?
It seems unsavory, but one of the biggest issues many people will have when buying a used car is that it may have been tampered with. More specifically, the odometer may have been tampered with, which can make it seem like the car has done fewer miles than it has.
There are some ways to spot this; if you are buying your used car online, make sure that you use a reputable site like Houseofcars.com. If you buy the car in person, ensure the current readings match the car’s history records. Or, if you want to look for a more visual sign, make sure that the odometer is aligned in the car and does not show signs of being removed.
2. What Are Red Flags When Buying A Used Car?
Have you found a Porsche 911 on sale for $500? Walk the other way! Common red flags when buying a used car include an incredibly low price, a pushy salesperson, no history of the vehicle, and, of course, signs of damage. Granted, you can expect a used car to have some signs of wear and tear, but anything excessive is a no-go!
Oh, and if the salesperson is not OK with you having a mechanic of your choice check out the car, then walk the other way!
3. Do Used Cars Cost More To Insure?
They have a higher chance (in theory) of breaking down, so a used car should cost more to insure, shouldn’t it?
Actually, no! Used cars are 37% cheaper to insure than new ones due to the fact that they have often depreciated in value by the time their second or third owner insures them. So, if you are looking to save money when buying a car, opt for a used model!
4. Can I Purchase A Used Car on Finance?
In a word, yes, you can. Just make sure that the finance provider is 100% aware that you are using the finance to buy a used car and that they are able to offer you finance to purchase a used vehicle. Many used car finance providers are online, so you can even compare the options to get the lowest price on monthly repayments.
5. What Are The Warning Signs When Doing a Test Drive?
When you are conducting a test drive, keep an ear out for any clunks or odd noises, which can point to a problem with the engine. Make sure there are no odd smells (burning smells are a particular concern), and make sure that the breaks are fast to respond to you tapping them!
