The market for used autos has never been hotter, with savvy buyers quickly snapping up the best value cars. But how can you spot the hidden gems on the car lot? We're going to run through a few of the things to look out for when you're buying a used car.
Find the Best Value Cars with These 6 Top Things to Look Out For
#1: A Good Safety Record
No matter how good-looking a car may be, safety should always come first. As well as looking out for features such as ABS, traction control, and airbags, you should also check the safety record. The NHTSA has a free online search tool that provides clear and simple safety information about the make and model. The NHTSA will also have data on any open recalls that apply.
#2: Minimum Future Depreciation
As soon as any auto rolls off the production line, it starts to depreciate in value. However, by the time the car is three years old this rapid price drop starts to flatten out. By picking a vehicle that's 3-5 years old, you'll avoid the sharpest drop in depreciation while still having the vast majority of its service life to enjoy.
#3: Low Mileage
Although the age of the vehicle can be a helpful indicator, it should always be considered alongside the mileage. A car that is slightly older but has very few miles may be a better option than a newer car with a higher mileage. Every bump on the road can cause wear and tear, so a car that's only had light use is one that's worth checking out.
#4: Pampered Cars
Cars that have been well-looked after are the Holy Grail that every prospective buyer should look for. A car that's been loved is less likely to have any problems, and will have been properly serviced by its last owner. Look out for bodywork that has no rust or scratches, chip-free windows, and no sticky stains or marks on the interior. And don't forget to look inside the trunk!
#5: Fuel Economy
The fuel economy on different makes and models can vary significantly, so this should be factored into the overall cost of the car. Do your homework before you buy so you don't get any nasty surprises at the gas pump.
#6: An Extended Warranty
Buying a new pre-owned car can feel like a big decision, but an extended warranty can help you to buy with confidence. Knowing that any significant problems will be covered by a warranty can take the worry away, giving you the reassurance that you won't end up out of pocket.
Now that you know how to spot those used car bargains, why not take a look for yourself? Visit Lee's Auto Sales of Fayetteville Inc and browse through the huge selection of quality used cars on site.
