When you seek someone’s opinion on used cars, you are bound to receive a response that either supports the practice or is entirely against it. Like any other used product in the market, used cars have many myths and misconceptions that are not necessarily true in most cases. Take it from someone who buys broken-down cars for a living; these myths have caused many people to be skeptical of this market.
With over 40 million used cars being traded yearly, both privately and in dealerships, this industry is set to grow even bigger. In this article, we will debunk the six common myths about buying used cars that are floating around. We hope to help anyone looking to get a used car make their decision by having the right information before going ahead.
Used Cars Are Not Safe
There are different reasons why people decide to buy a car. People could be looking to upgrade to a bigger capacity vehicle or even downgrade, leading them to trade in their current car for a new one. Similarly, financial constraints might force someone to sell their car in a perfectly good condition.
Similarly, there could be many reasons why someone may need to sell their used car. It doesn’t necessarily mean that there is a problem with the car. But if you think that there is a possible problem, you can use resources like the vehicle history reports to gain insights into the car’s welfare.
You Need Cash To Buy A Used Car
Purchasing new cars indeed offers the buyer many ways to finance the cars. Similarly, used cars dealerships allow and sometimes even encourage you to go with the financing option when buying a pre-owned car. Getting pre-approved for a loan is also another easier route to finance a used car, even for someone with a considerably low credit score. This is because most used cars cost less compared to getting a new one.
We advise that you shop around for the best financing option, and depending on the budget you want to spend on the car, get the best possible option to go with. Also, shun away from dealerships that insist on paying cash for your own sake.
Dealerships Are Out To Con You
Most people will tell you to avoid dealerships and only buy pre-owned cars directly from the owners. Although buying a car from your neighbor or friend can sound like a good thing, dealerships will provide you with a better experience. Let me explain.
Dealerships offer you a range of car brands and models to choose from, not forgetting the different color schemes. This allows you to get any car of your choice which suits both your personality or your budget. You can’t get this when buying from your neighbor or friend. Dealerships also offer financing that can also include extended warranties for all the cars they sell. To top it all off, dealerships recondition all cars in their lot before they sell to you.
Used Cars Are Expensive To Maintain
As we saw in the first myth, cars are sold for several reasons, and most are sold when they are in perfectly good condition. We advise buyers to get the needed inspections of the used car before buying it to ensure no major damages can show just a few months down the line. Since most dealerships offer to recondition pre-owned cars, you rest assured it won’t cost you a ton to maintain the car.
Used Cars Lack Warranty
Depending on how long the car has been in service, it might or might not have the manufacturer’s warranty. Do not panic if the manufacturer’s warranty has elapsed since dealerships provide extended warranties for all the cars they sell to you. This is important as it legitimizes the trade allowing the buyer to have peace of mind after closing off the deal.
Dressing Poorly Gives The Best Price
This shouldn’t be here, but we had to include it as it has been floating around for some time. Many people claim that dressing well while looking for a used car in a dealership will get you a higher quote than when dressed poorly. This is false. Regardless of how you are dressed, the price of a pre-owned car will be reached based on its condition and the market price of identical cars.
Over and above, buying a pre-owned car is a matter of preference, and making the decision lies entirely in your hands. To ensure you are getting the best deal, do extensive research and do not settle for anything less than what you envisioned before going into the market.