While buying a preowned car or truck can be exciting, there are certain pitfalls that buyers should be aware of before booking their next test drive.
Here are seven common used car buying mistakes to avoid:
Mistake #1: Not Dealing with a Registered Dealership
Buying a used car privately does come with some risks – not only your safety, but also the risk of dealing with a “curbsider”. That’s why it’s better to purchase a certified preowned car or truck from a reputable dealership. When you buy from a registered dealer, you benefit from certain laws and protections that aren’t available to you when you buy from a private seller.
Mistake #2: Not Doing Your Homework
Before even stepping foot on to a preowned lot, you need to research all of your car buying options, including vehicles, features, pricing and financing options.
Mistake #3: Purchasing Based on Emotion, Not Need
It’s so easy to get swept up in the car buying process. With so many options, makes and models to choose from, many buyers often forget their must-have needs and even their budget! Before getting behind the wheel of any vehicle, make sure you have your priorities set.
Mistake #5: Cutting the Test Drive Short
The last thing any car buyer wants to discover is a problem after they’ve taken delivery of a new-to-them vehicle. That’s why test driving is so important. Be sure to drive the car in a variety of conditions to ensure it meets your expectations on the road.
Mistake #6: Not Knowing Your Trade-in Value
Before you decide to trade-in your current vehicle, research trade-in values to ensure your expectations are realistic and met.
Mistake #7: Negotiating the Monthly Payment and Not the Purchase Price
To ensure you get the best deal overall on your preowned purchase, negotiate the vehicle’s price first, then discuss your trade-in and financing details next.
Remember, buying a used car or truck is a big decision that shouldn’t be rushed. Be sure to ask your salesperson questions and make the best decision to meet your budget and long term needs.
At Key West Ford, we have a huge inventory of preowned vehicles in stock, offering some of the best deals in B.C. Contact us today for details!