ALT-1 What you need to know about used Cars
If you cannot afford a new car, it makes sense to purchase a used car. Before you buy a used car, make sure you have a driver’s license. It is illegal to drive a car without a license. After you have obtained a driver’s license, develop a budget. You will need to calculate the operating cost and the ownership cost of the used car. The operating expenses are tune-ups, gas, oil changes, tires and other repairs. The ownership costs will most likely be insurance, taxes, registration fees and finance charges. Here is some additional information that you should know about used automobiles.
First,used cars cost less money than new cars. If you buy a new car, the value of the car decreases immediately after you drive the car off the lot. The used car holds more of its value than a new car. Drivers save money when they buy used cars because dealers and sellers are trying to get rid of used cars. For example, you can go to a car auction or a government auction and purchase a $30,000 car for $18,000 or less.
Next, most used cars are as good as new cars. You should know that all cars will eventually breakdown. There are older cars that perform better than some new cars. Some new cars cannot withstand an accident and easily become a total loss to the buyer. The parts on older cars are made out of stronger metals and materials. When you buy a used car, you should hire someone to inspect the car. You and the mechanic should also test drive the car. Here are afew tips to use when buying a used car.
Most of the used cars are sold “as is.” This means that you cannot get your money back after you buy the car. You should also know that it is very difficult to tell if a used car has a mechanical problem. During the day of the inspection, the car could be running fine. However, several days later, you might start having car trouble. Used car buyers should also find out if the car was in an accident or damaged in a storm. Try to get a car fax history of the car.
Finally, try to get financing from a bank before you buy your used car. Make sure you compare at least three used cars before you make the buying decision. Watch out for used car deals that sound too good to be true. Take a close look at thevalue of the carand buy a used car that meets your needs and budget.
