Since the start of the pandemic, the used car market is on fire. Cars are selling so rapidly that vehicle buyers are now dealing with an inventory shortage.
Whether it is from stimulus checks or an inclination to avoid mass transportation due to Covid-19, used cars are selling like hotcakes. The inventory shortage and sales demand are also driving prices up. The average used car is selling for more than $25,000, which is a record high.
Read on for a comprehensive guide to buying a used car. Explore our used car checklist to help you select the perfect vehicle.
Find a Reputable Used Car Dealer
Perhaps the most important tip is finding a reputable used car dealer. For example, consider you are searching for Nissans for sale. Using an official Nissan dealership such as Empirelittletonnissan.com is highly recommended.
An official Nissan dealer is going to sell higher quality used cars than a local operation. They will not risk their reputation by knowingly selling a lemon.
Their auto technicians carefully inspect the unit to make sure it runs properly. In some cases, the dealership provides limited warranty coverage on pre-owned vehicles.
Accident History
Before buying a used car, it is critical to check the accident history. You do not want to purchase a used car that has experienced major accidents.
Many car dealerships provide services like Carfax reports. A Carfax report compiles accident history from insurance companies, police reports, and auto repair shops. It is wise to avoid buying a used car that saw extensive rework and repair.
The Carfax report provides other valuable information. You can find out information such as previous owners and mileage.
Personal Inspection
Regardless of who you are buying from, it is wise to inspect a vehicle before buying it. Start off by walking around the vehicle and looking for issues. Inspect things like tire tread and cosmetic defects.
Turn on the vehicle and pop the hood. Make sure the engine starts smoothly and listen carefully for any weird noises.
Next, take the vehicle on a test drive. Here, you want to verify the vehicle shifts gears efficiently. Listen for any odd noises when braking or shifting gears.
Do Your Research
Once you found a quality vehicle, it is time to negotiate. Before sitting across the table from a salesperson, it is critical that you do your research.
It is important to understand that it is currently a seller’s market. With such high demand and an inventory shortage, you have little leverage at the negotiating table. This does not mean you should pay an unfair price.
Use online valuation tools to determine how much to pay for the vehicle. Factors such as mileage and condition are major drivers of the sale price.
Reviewing the Ultimate Used Car Checklist
You are now ready to purchase a used car. Remember to find a reputable dealer and do your research before negotiating.
The test drive and a personal inspection are also critical steps. If you enjoyed this article about our used car checklist, check out our blog for more great content.
