There are many advantages of buying a used car instead of a new one. For instance, the price is lower, and you can save money on insurance. Further, unlike what many think, a used vehicle lasts for several years with appropriate care and maintenance. You can purchase it from a private seller or a dealership. Either way, you must do prior research. Here are ten things to consider when buying a used car:

Set a budget
A used car is more affordable. But that doesn’t mean you can proceed without a budget. You’ll come across many vehicles for sale at different price points. Having a budget will help sort through them quickly. You’ll avoid overpaying and make far more sensible decisions. If budgeting is tricky, follow the 20/4/10 rule. First, pay at least 20% of the price upfront. Second, look for an automobile less than four years old. And most crucially, the overall cost of owning it should not exceed 10% of your pre-tax income.

Choose a reputable manufacturer
Choosing options from a reputable brand is advisable when buying a used automobile. They may be a little more expensive, but their reliability is unparalleled. Used cars from good brands last longer and have lesser maintenance issues in the long run. So, shortlist the top manufacturers and models in the market. This list should contain vehicles within your budget to expedite the purchasing process.

Request a test drive
Test-driving a used automobile is crucial, especially if the manufacturer’s warranty has expired. But remember that testing a used car differs from testing a new one. Call the auto dealership, tell them the vehicles you’re interested in buying, and book a test slot. Phone beforehand to ensure you get the most out of your visit. Once at it, spend at least 20 minutes driving and ensure the vehicle is thoroughly warmed up. The dealership will want you to make a simple “loop around the block,” but it’s essential to take sufficient time to see whether there are any mechanical problems.

Check the warranty
Some automobiles may be labeled “Certified Used Car,” implying they’re still protected by the manufacturer’s warranty. However, if the vehicle is older than three or four years, it may be covered by a third-party guarantee or not covered at all. So, make sure you read the warranty details carefully. Also, look for other signs on the vehicle. Some used autos have an “as is” notice. It means they’re sold as received by the previous owner, without any improvements. The dealer is not legally liable for damage to the vehicle once you drive it off the lot.

Look for certification
Buying a certified pre-owned vehicle provides an added degree of quality assurance. Certified pre-owned cars are those sold by the same manufacturer or a group of authorized dealers. They’re usually accident-free, low-mileage vehicles, only a few years old. These vehicles also have other benefits, such as a multi-point pre-purchase technical assessment, comprehensive refurbishing, and better warranty coverage. However, a certified pre-owned vehicle may be more expensive.

Analyze the vehicle’s history
Don’t be too convinced if everything inside and outside the vehicle appears pristine. Going over the vehicle’s history report extensively might uncover hidden issues with the used automobile. It will inform about past incidents, ownership history, and service points, providing a clear picture of the car’s present condition. So, finalize the deal only after considering this data.

Make a pre-purchase inspection
This is one of the most unforgettable tasks when buying a used car. A pre-purchase automotive inspection service ensures the vehicle is precisely what it promises. This inspection involves extensively checking the automobile’s external body and internal components for defects or downsides and determining whether it’s a worthwhile investment. You may do it yourself or hire a technician or pre-purchase inspection service. It only takes an hour of work.

Ensure it fulfills your requirements
Another crucial factor to consider when buying a used car is whether it will fit your lifestyle and fulfill your requirements. The fancy red sports car may be within budget. But if you have a family or intend on making many road trips, the large and safe SUV may be the superior alternative. So, think about why you need this car and then stick to the practical side of things, even if something more attractive comes up.

Look for financing options
Many dealers offer financing options if running short of money. But the conditions vary. Some only demand a modest deposit and filling out a simple form, while others require substantial documentation. So, do your homework on finance options when setting up a budget and shortlisting models.

Negotiate for the best deal
Negotiation is a skill that may help you get a fantastic deal on a used automobile. When negotiating the price, keep in mind the rates you discovered when researching the used automobile market. Ask the dealer to lower the cost only after considering the discounts you’ve already received. Bargaining will enable you to obtain a high-quality secondhand automobile at a low price.

Getting a used car may be tricky. But with these points in mind, you should be able to get a good deal within your budget.