cars in car park

July 6, 2020 2 min to read

A comprehensive guide to buying a used car

Category : Cars

Used cars are the perfect way to purchase your first car or a car that is significantly cheaper than a brand new car. Purchasing a car brand new is simply not a viable option to many motorists.

You are likely aware and conscious of the significant investment that you need to make upfront when purchasing a new vehicle as well as how the depreciation of your new car leads to a potentially huge loss of money when it comes to finding your next vehicle (reducing around 20-27% by Year 1).

We understand that you may have some questions or maybe unsure when you are looking for a used car from a dealer, especially if you are a first time buyer.

This is why we have written this used car buying guide to offer you some top tips on purchasing a used car and what to look out for and consider when choosing your first or next vehicle.

Any tips or ideas not make our list? Do you have a tip that has really helped you when finding a used car? Let us know in the comments below!

Tip 1 – Used Cars are Much Cheaper Than New Cars

As we touched upon – if you are looking to set a budget and are deciding on whether or not to buy a new or used car – depreciation is a huge consideration to make.

However, if we compare the price of a new car compared to a used car that has been used for 1 year – there is a significant difference in price as well as the fact that there shouldn’t be anything majorly wrong with a vehicle that has only been registered for a year.

You still won’t have to have an MOT for another 2 years and this is a great way to purchase a car that is practically brand new.

As mentioned – a used car is also the perfect way to purchase an older car if you are on a budget such as if you are looking to purchase your first vehicle.

Tip 2 – Do Not Forget About Fuel Efficiency

Another aspect that you will need to consider is how much the car that you are going to purchase is going to cost to run. Vehicles that have higher running costs are going to cost you more over time and these costs can add up!

Smaller engines can be cheaper than bigger engines and petrol is typically cheaper at the pump than diesel. These are all considerations to make when you are looking for the model and specifications of the used car to go for.

Tip 3 – Create a Complete Budget

Following on from tip 2, it’s important to encompass everything that you will be spending on not just a budget for the car itself.

I personally like to recommend creating a budget for 1 year of running costs which also includes the cost of the car but you can create a 3 to 6-month budget or even a 1-month budget if this suits…
Continue reading the article and learn more about used cars on Life Is An Episode website.

You may also like these articles

  • How to get rid of your junk car and earn money at the same time
    Managing the matter of the junk car that sits on your driveway can be quite unpleasant. Most certainly you feel like being stuck with a pile of scrap metal in your hands.This usually happens when the repairs costs of a car exceed its value. Instead of paying all that mo...
  • 5 things you will never get from economy rental car
    When it comes to renting, your choice of a vehicle is usually influenced by certain practical matters. These are the price, safety, and comfort.Depending on your priorities, you will put one of these factors over the others. For example, if you drive with a group of peo...
  • Keeping your head on straight: 7 vital steps to take after a car accident
    There are important steps to take after a car accident occurs. Unfortunately, being in a car accident can be very traumatic and disorientating.It can be impossible to look up the proper steps to take when faced with such an ordeal. Knowing the proper steps to take after...
  • Tips on how to earn some extra money when you have a local driver’s license
    You should be aware of the fact that having a reasonably reliable car and a driving license opens up a wide range of possibilities to make some extra money.If you don't mind spending a part of your free time driving, you can even earn hundreds of dollars each month.It h...

Leave a comment