What Every Buyer Should Check Before Buying a Car
Words by Allen Brown
Buying a new car can be an exciting event, you're getting a new method of travel, and you want to invest your money properly. Unfortunately, there can be some downsides involved with buying a car if you aren't too careful. There are certain factors that come into play when purchasing a new or a used car that can affect your investment in the long-term. If you want some pointers on what to check for when purchasing a new car, we've included a few below.
Buying a Used Vehicle – Check For Rust/Get a Car History Report
We've all seen rust infected cars driving along the highway, and you probably aren't looking to pick up one of these vehicles even if you're on a budget. Rust can be tricky to spot in the early stages and you'll want to know what to look for. If you see signs of bubbling paint this can be an early stage of rust, and while not necessarily a deal breaker, it's your decision to invest your money in this car or not. Be sure to check places like the trunk to see if there's any rust starting in less visible areas. It's also suggested getting a car history report from an agency to see if the vehicle has been involved in any major accidents.
Buying a Used Vehicle – Know What Work You're Able to Do
If you have your heart set on a particular model, and it needs some maintenance, be honest with yourself. What kind of work you can do yourself and what work will you need to pay for? If you're looking for maintenance and parts information on trucks or cars, click here, the experts at Mechanic Guides have some articles that will fit your niche. They also have an article on diesel engine maintenance if that's something you're considering, but don't have a lot of experience in.
Buying a New Vehicle – Depreciation Rate
If you're investing in a new car, you might want to look into the depreciation rate of the vehicle if you're ever looking to sell it. We all know that as soon as you drive off the lot you're taking a big chunk out of the vehicle's worth, but it happens for some faster than others. This is going to depend on a variety of factors aside from time, such as your upkeep on the basic maintenance of the car etc. However, prior to purchasing if you look up a car depreciation calculator you'll receive a basic idea of what the re-selling price might be 3 years down the road.
Buying a New Vehicle – Test Drive and Read Reviews
When it comes to vehicles a lot of us suffer from blind brand loyalty, and I know I've done this in the past. I've driven the same vehicles by the same company for 8 years, but as the times have changed so has my appreciation for competitors. Don't have your heart set on a brand, instead read reviews and common issues that will come with the car so you will be prepared for them down the road.
Ensure you test drive your vehicle, because if it doesn't feel right, you'll be stuck with it for the next couple of years (for most people). If you're in a colder state/province bonus features like heated seats and steering wheel is a must, unless you're one of those “love winter people” shudders.
Buying a new car can be a fantastic experience, but ultimately you want to make a decision you'll be satisfied with for the next 3-5 years. Make sure you're looking even at the smallest details on used cars, and you're getting a car history report if the vehicle is used. If it’s going to need work and you know it, be honest with yourself at what it will cost you both financially and in your own labor hours. If you're looking to re-sell your new car down the road you'll want to see depreciation rates if that's going to be a concern for you. Don't have your heart set on any particular brand or model, the automotive industry is competitive and sometimes the competition just has a better deal.