Thinking of Buying a Used Car?
Are you a person who has recently gotten his or her driver’s license? Maybe you are feeling elated that you have finally passed the driving test. Having passed the driving test you can finally get your own car. You imagine that you can finally do what you want with a car of your own. You picture yourself being able to do some errands around town in that car of yours. You also begin to picture yourself in it with rolled down windows as you head out for your first out of town trip with it. You are just excited to buy your own car.
Since this is the first time that you will be buying a car then you think that a used car might fit the bill for you already. You might think that all you need is a running car since this is your first purchase. You also don’t want to spend a lot of moolah on your first car. That is the reason why you have finally decided to just get a used car. You may have even seen some used cars in some car dealer shops already. But before you make your purchase consider what follows first.
You need to consider that a used car won’t have much resale value. What this means is that there is not much money for you to make should you decide to sell your used car. So it will be a certainty that you won’t get back the full amount that you paid for it. Even after one year of use its resale value will be low.
The second thing that you have to consider is that there are hidden costs that may come with the used car. The hidden costs will be from the dealer where you are buying the car from. This will be all the more true when you avail of their in-house financing to pay for the used car. That is why it is highly recommended that you pay in full in cash to avoid this.
The last thing that you need to consider is that the cost of using a used car is high. The reason for this is its low fuel efficiency. You are not familiar with the driving ways of the previous owner of it so you don’t know how smooth it will run in the long run. One thing is certain though. It will have low fuel efficiency. Also you cannot expect a used car to run smoothly. This is because it may have been driven for many miles already. And also since it has low fuel efficiency then this means that you will have higher gas bill.