When it comes to buying a used car for sale and trading in your old car, you need to know the intricacies, which will facilitate you to grab a better deal when buying a used car and at the same time get a better price for your trade-in. Are you ready? Let’s get started right away.
Table of Contents
Knowing Your Needs
Well, knowing your needs is very important and for that, you need to identify the purpose behind your used car purchase.
Would you use the used car daily for work commute?
Would you also take it on weekend or holiday trips with the family?
Do you also wish to take it on adventure trips exploring the outback with your family or friends?
Based on your needs, you’ll have to buy a used car accordingly. For instance – If you’re going to use it alone, then the compact or small car is all you need. However, if you intend to take your family, then you need to get a bigger car for everyone to sit comfortably for long trips.
Know That Every Used Car is Different
Even if two used cars are the same make and model, yet they are different in terms of kilometres on the odometer, condition and fuel-efficiency. If you like a used car, don’t decide in haste. Instead, research and enquire everything about the used car that you like and want to buy. Check its service history to know how well it was maintained. Take a test drive both on the city roads and on the highways to get a feel of its ride quality. By taking a test drive, you will know the intricacies of the drive and the comfort it offers.
Setting Your Used Car Budget
Setting a budget is essential not only for buying new cars but also for quality used cars. Getting finance for buying a used car will fetch a higher interest rate that’s because the financer considers used cars as high risk.
Therefore, never leave the financing aspect for used car purchase to the last minute. Make arrangements in advance and for that, you need to set a practical budget even before you start looking at used cars at dealerships.
The Negotiating Approach
Walk around the used car and imagine you’re going to buy it for the first time. See if you can find any flaws and ask your dealer how they’re going to fix them before selling to you. These findings will equip you to negotiate the price.
Curtailing Your Risk
Buy from a reliable used car dealer in Sydney, near you. Often dealerships selling both new and used cars is the best bet because they have to safeguard their reputation. Besides, dealerships often buy trade-ins from customers who buy new cars from them. This allows them to know every detail about the used car and its condition.
Thus, dealerships keep reliable used cars and they work around the used cars and give them a neat, shiny look and clean interiors. So you will end up with the best used car when you purchase from a reputed dealer, as compared to buying from wholesale or auction that often comes with pricey mechanical fixes.
The Recipe to Obtain the Best Value for Your Trade-In
Regular car servicing and maintenance always aid to boost the value of your trade-in. Up-to-date and stamped maintenance record book adhering to manufacturer recommendations expected and will help increase the value of your trade-in. In the absence of a logbook service record, it can devalue your trade-in. You need to give two keys; that’s because it is expensive to replace keys, so make sure you have two keys.
A car that is clean, tidy and presented well will fetch you better money compared to an unclean and smelly car. Noticeable red dust will lessen your car’s value. Typically, red dust comes from Western Australia outback.
Make Use of Your Car’s Insurance Policy
If your car’s windscreen is cracked, don’t try to trade-in your car with that flaw. Instead, check your insurance policy. You may be able to get it replaced without impacting your “No Claim Bonus”. If you think that a crack in the windscreen is not a big deal, then you need to think again!
A new windscreen can cost anywhere around $850, and if you have comprehensive cover, your insurance company will replace or fix it for free.
Suppose, the dealer replaces the windscreen, then he will deduct the cost from your trade-in value.
Fixing or replacing the windshield of your car is recommended before you trade-in your used car; it will help you to fetch a better price.
Getting the Best Value for Your Trade-In
Customers often rate their used cars as either excellent or in good condition. What does good condition precisely mean? Well, glance at the used cars that are displayed in a dealership.
- You’ll see clean, shiny and recently polished paint on the displayed used cars.
- Tyres are like new or have considerable tread life (more than 50%) left.
- There are no mechanical problems and the service history is up-to-date.
- Tidy interiors without any odour; cloth or leather does not have any rips or tears; seats and carpets are clean without any stains.
- No major scratches or dents.
If you can answer yes to all of the above, then your used car is probably in good or excellent condition. But if you aren’t able to answer yes to all, then in all likelihood, your used car is in average condition.