How Much Budget Should You Have To Buy an Excellent Used Car?
Before spending your hard-earned money to a used sports car that your salesman claims to be excellent running and as good as new, you may want to check this article first. How much money is really suited for a certain used car and how will you know if a dealer is putting bait on you?
Firstly, you must think over the price range of the car. You have to look into your savings account and decide how much you can spend. You have to allot budget for the used car and there are distinctions over the age of the car and its selling price. Such cars and prices are described below:
a.$10,000 to $18,000 priced cars are the “decent” ones which have been used for 3 to 4 years. Categorically, they are typical and not luxury cars. They are usually sold by a private owner and traded as one-owner vehicle. They can last for few more years and fairly trouble-free if maintained properly.
b.$5,000 to $9,000 priced cars are 6 to 9 year old cars which have quite a high mileage but are still in good shape. Independent car dealers normally sell used cars within this categorically. However, you will need a lot of time to choose a very good running car on this price bracket.
c.$1,000 to $2,000 priced cars are simple cars that can get you from one point to another. These are sold by private owners and with high mileage already. Car dealers do not waste their time selling trucks or cars in this price bracket. If you’ll acquire this kind, be ready to spend more money to maintain your car running.
After deciding on the type of car you would purchase, the next move is to know where you will acquire your car. You may acquire it from a private individual, a car dealer or a superstore. Checking where to acquire your car will also let you know the differences on the prices they offer. Private individual should be a good choice since salesman and stores can offer cars at a maximum price to keep their commissions. Inspect the car carefully and or you can have it inspected by a mechanic (costs $40 - $60) to make sure you get your money’s worth.
Always remember that there are extra charges such as taxes, sticker price, registration and other. Don’t forget to keep additional funds also for your insurance and car check-up.
Buying a used car can be an annoying process and there are many things to consider. But this is the only way if you want to make a wise decision of investing your savings on a good-running car that will be useful for an extended period of time.
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