Buying a used vehicle can be somewhat of a daunting undertaking, especially if you've never done it before. We're all very familiar with the dodgy used car salesman - so much so that we approach the process of buying a used car with quite a lot of skepticism.
So, what should you know about buying a used car?
Step 1: Know Your Budget
This sounds like common sense but you'd be surprised by how many people get this simple step wrong, setting the stage for a wealth of problems later on down the line. The important thing to remember when setting your budget for a vehicle purchase is that the monthly repayment on the vehicle is only just the start of the amount of money you'll have to spend on it. Don't forget that you're going to have to insure your vehicle and you're going to need to be able to afford the monthly running costs. If you're looking at an older or classic model you also need to factor in a little monthly maintenance just to be on the safe side.
Step 2: Know your vehicle
Buying a vehicle without the appropriate information on hand is another common mistake. A mistake I've made myself. Buying vintage Italian cars is an excellent idea if you're a collector a realise that these vehicles need love and attention to continue running. These same cars are an awful decision if you're a student, like I was, and need a reliable everyday runner.
A great place to get the information you need, especially if you're considering a classic is a forum dedicated to a specific manufacturer or, in some cases, models. Hardened petrol-heads who are fans of a particular make or model of vehicle are generally pretty honest about the faults of a particular vehicle. Forums are also places where you can confidently ask questions and expect realistic answers.
Step 3: Take your own expert or mechanic to have a look at the vehicle
While we don't all have the luxury of a personal mechanic, most of us know of someone with a fairly good knowledge of vehicles and what a bad one looks like. If possible, drag this person along to view the vehicle you're interested in before you buy it. Their expertise could save you a lot of heartache and hassle and is definitely worth the pizza you'll buy them to say thanks.
Step 4: Never finance the vehicle through the dealer
This should be common sense but it's an easy mistake to make. You'll get a much better rate if you finance your vehicle through your bank or a financier with a proven track record than you will through a private loan.
If you're interested in vehicle finance contact Carfin today. They're on of South Africa's premier vehicle financiers and will be able to assist you with your finance and refinance requirements.
Article Source: http://EzineArticles.com/?expert=James_Richter
Article Source: http://EzineArticles.com/8341608
So, what should you know about buying a used car?
Step 1: Know Your Budget
This sounds like common sense but you'd be surprised by how many people get this simple step wrong, setting the stage for a wealth of problems later on down the line. The important thing to remember when setting your budget for a vehicle purchase is that the monthly repayment on the vehicle is only just the start of the amount of money you'll have to spend on it. Don't forget that you're going to have to insure your vehicle and you're going to need to be able to afford the monthly running costs. If you're looking at an older or classic model you also need to factor in a little monthly maintenance just to be on the safe side.
Step 2: Know your vehicle
Buying a vehicle without the appropriate information on hand is another common mistake. A mistake I've made myself. Buying vintage Italian cars is an excellent idea if you're a collector a realise that these vehicles need love and attention to continue running. These same cars are an awful decision if you're a student, like I was, and need a reliable everyday runner.
A great place to get the information you need, especially if you're considering a classic is a forum dedicated to a specific manufacturer or, in some cases, models. Hardened petrol-heads who are fans of a particular make or model of vehicle are generally pretty honest about the faults of a particular vehicle. Forums are also places where you can confidently ask questions and expect realistic answers.
Step 3: Take your own expert or mechanic to have a look at the vehicle
While we don't all have the luxury of a personal mechanic, most of us know of someone with a fairly good knowledge of vehicles and what a bad one looks like. If possible, drag this person along to view the vehicle you're interested in before you buy it. Their expertise could save you a lot of heartache and hassle and is definitely worth the pizza you'll buy them to say thanks.
Step 4: Never finance the vehicle through the dealer
This should be common sense but it's an easy mistake to make. You'll get a much better rate if you finance your vehicle through your bank or a financier with a proven track record than you will through a private loan.
If you're interested in vehicle finance contact Carfin today. They're on of South Africa's premier vehicle financiers and will be able to assist you with your finance and refinance requirements.
Article Source: http://EzineArticles.com/?expert=James_Richter
Article Source: http://EzineArticles.com/8341608
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