An informed decision minimises the risk of making a mistake when buying a used car. So, read on and learn more about what to check before buying a used car.1
How big is your budget?
It’s great to dream about your next car but you need to make sure that you can afford to buy it. So, work out a total budget that covers the monthly bank instalments, the monthly insurance premiums, and the car’s running costs, such as fuel and services. Use a car finance calculator to make things easier.1
How big is your budget?
It’s great to dream about your next car but you need to make sure that you can afford to buy it. So, work out a total budget that covers the monthly bank instalments, the monthly insurance premiums, and the car’s running costs, such as fuel and services. Use a car finance calculator to make things easier.1
The car should fit your lifestyle
If you’re single, there’s no point in buying a massive SUV unless you have lots of cash available. But, if you are a family of five, it makes sense. Also, if you love nature, you may need an off-road vehicle, not a city car.1
How high are the running costs?
Buying a low-priced used car is one thing, but what if its running costs such as fuel and services are high? Find out from family, friends and any experts what the running costs are of a particular model. You can also access the Kinsey Report, which calculates the cost of services of different cars. 1
Buying spares for your used car at a spares shop is okay. Still, if only specific dealerships sell these parts, it becomes more costly. A German spare part may be considerably more expensive than its Korean equivalent. 1
Only buy from reputable dealers
Not only can large and well-known dealerships offer you bargains, but they also tend to sell good cars that don’t often come with problems. You may need this kind of security. 1
You need to tick some boxes before you consider buying a used car.
What’s the car’s service history like?
Has the car been serviced regularly as shown in a complete service book with dealership stamps? 1
Check the odometer
The car’s mileage gives you an idea of how much work it has done since it was new. Avoid a used car with high mileage as this could be worn out. Conversely, be suspicious if an old used car has a low mileage. 1
Is the car in overall good shape?
If the low mileage doesn’t fit the worn-out condition of the car, leave the deal immediately.1
Test-drive the car
Take it out on the open road and listen to any suspicious sound. Be sure to test everything in the car. Remember that this is to be your car for years to come. So, do you want it? 1
Never yield to pressure
The seller may tell you there’s a huge waiting list for this car, which someone else could buy at any moment. Don’t fall for that. If you have any doubt about the used car, leave it immediately, and avoid buyer’s remorse. 1
The best way to pay
Don’t pay cash to either a dealer or private individual but always do a bank transfer. There’s no paper trail with cash payments, and walking around with a lot of cash is too risky. 1
Get hold of all legal documentation
Before even buying a used car, make sure all required documents such as certificates and licensing papers are available and in order. After concluding your deposit payment, you need to obtain an itemised invoice. Make sure you have proof of car insurance before driving off. 1
Disclaimer
The aim of the above article is to provide general information about what to check before buying a used car. 1
By law, you must purchase comprehensive car insurance if you buy a used car financed by a bank. Contact us at Prime South Africa for a quote or if you want to purchase affordable, car insurance. We provide affordable, comprehensive car insurance with fixed premiums* and reducing excess*. Let us share our world-class client service and Prime’s products’ unique benefits with you. Our comprehensive car insurance and customised car insurance plans insure cars up to 15 years of age, but our Third-Party PLUS car insurance covers vehicles no matter how old.
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