What should I look out for when buying a used car?

[creditguy2]

This article looks at some of the commonly asked question regarding
purchasing a used car in the sub-prime market.

Your current credit situation puts you into the sub-prime category.
Most likely you will be getting into a used vehicle. Most new cars
are only available for prime customers with good credit. Firstly,
buying a used car is considered one of the smartest moves because you
are letting the original owner take care of the depreciation. Once a
car is driven off the lot it depreciates approximately 20% to 40% so
why not let someone else take on that loss. If this is your first car
too, you probably will be looking for something under $10,000. Test
drive, test drive, test drive! This is a must. You need to feel the
car and drive it before you buy it. With used cars, you want to try
and pinpoint as much as you can and let the dealer know certain things
that you request to be fixed or taken care of when you pick up your
car.

Kilometres on the car are important but not the be all and end all. A
lot of brands will last a long time but on the same token, others may
be notorious for a short life span. Do some research into the life of
certain vehicles. Try to obtain any service history on the car and
also get a car proof so you know if there were any accidents reported,
was it a rebuild etc. With the engine on, unscrew the oil cap. If
there is smoke coming out, it means that the engine may not be in
great shape. Check any and all of the power equipment. You don’t
want to drive off the lot and find out the rear windows squeak. Also
do some research on the model and year of the car. You may find out
that there were recalls on that model so make sure you are diligent in
your research.

Some cars are also notorious for certain problems so make sure to
check into what models are known for what. You also want to check out
what the resale value is on your brand. A great thing about buying a
used car is that you have a better shot at negotiating the condition
of the vehicle. If there are scratches or dents then don’t be afraid
to ask them to be fixed before you buy the car. The dealer may really
want to unload that inventory so it might be in their best interest to
satisfy you as the customer by spending a bit more on repairs and
touch ups. A used car can be a great investment because you can save
a substantial amount of money and you can now get around town in
something reliable and affordable.

Thank you for reading this article it is brought to you by Selected
Fine Cars, we are your credit experts when it comes to quality used
cars. Let us approve your car loan regardless of your credit history,
visit us online at http://www.soscarloans.com or http://www.nocreditnoproblem.ca