So, you’re in the market for a pre-owned vehicle and wondering where to start. Well, like with anything else, it’s best to start with the basics. Buying a used car is much different than purchasing a brand-new one.
Most people looking for new cars are looking for something specific, whereas pre-owned buyers are often more flexible and mainly concerned with a price range. People looking for certain manufacturers, such as used Honda cars for sale by owner, still have an overwhelming choice of options.
But no matter what you are looking for, it all comes down to getting the best car at the best available price. So, with that in mind, here are 5 must-use tips when looking for a pre-owned model:
1. Consider Purchasing a Certified Pre-Owned Vehicle
Whether it’s used Honda cars for sale by the owner or any other make, CPO vehicles offer a number of advantages over typical used cars. This is because they have to meet the standards of the manufacturer whose brand is on the sign out front.
CPOs go through a much more rigorous inspection and maintenance process, come with extended warranties, and oftentimes qualify for special finance rates.
2. Sell Your Old Car
Often this option will give you flexibility in your down payment, whereas if you trade it in, you are forced to use the entire amount towards the new loan. It also makes the buying process a little simpler when you only have to focus on the purchase numbers and not the trade.
3. Consider All Financing Options
Look into the different financing options you have at your disposal before heading out to purchase your pre-owned vehicle. Not only can this give you the best deal, but it may also give you a better idea of the price range you need to be looking in.
4. Have a Detailed Inspection Performed
Detailed inspection is only necessary when purchasing from an individual. It doesn’t matter if it has low miles and you’re buying it from a sweet little old lady who claims to drive it to church and the grocery store; have your mechanic over it with a fine-toothed comb. This is way too big of a purchase to take a chance on.
5. Be Realistic About Your Budget
Just because you may have good credit and extra money doesn’t mean you need to buy a quality used car. Know what you can afford and stick to it.
*Bonus Tip* Use Caution When Shopping Used Honda Cars for Sale by Owner
Some people prefer to buy exclusively from private owners, while others opt for the security and backing of a dealership. Whenever you buy from an individual, you must take them at their word that the car is in the shape they say it is.
When you go through a dealer, however, you know the vehicle has been checked out, and anything keeping it from being road ready has already been taken care of.