Buying a Used Car
Choosing to purchase a second hand vehicle is a wise choice for people that would like to save money. New cars usually demand higher insurance rates and will end up costing much more than the original ticket price because of car loan interest rates. Having more disposable income is also a good benefit coming from saving money on a used vehicle and it allows drivers the freedom to save up for retirement or be able to do more activities.
The decision to buy a second hand car is generally for people that do not mind not having the newest car to impress their friends with. Used cars will also usually have small quirks and electrical issues as electrical devices lose their functionality over years of use. Buying a used car with manual options such as windows is a good idea if you would like to keep the functionality of certain features.
Know your Second Hand Car's history
In recent years it has become increasingly easier to find information on vehicles through reports services that will look up the car's information for service that has been performed on the car throughout its history. Now used car shoppers don't have to worry if the car is a lemon or has been in a serious accident, possibly causing irreparable damage to the car's alignment and other key functions. New car buyers do not have the luxury of knowing if their car is a lemon as nobody has tested the vehicle for them as a daily driver.
Warranties on Second Hand Cars
Many used vehicles may still have a manufacturer's warranty on them if they are under a certain age and mileage requirement. Kia and Hundai both have 10-year/100,000 mile powertrain warranties and Chrysler has a lifetime powertrain warranty. Check the warranty on every used car because you may find that there is still an excellent warranty on the car that will cover repairs you may need fixed.
Cars that were once leased cars are great vehicles to consider. Second hand car sales of former leases occur earlier in the car's lifetime and the car will be in good shape. The price of vehicles drop considerably after they are driven off the lot for the first time and formerly leased cars help those looking for used cars buy a vehicle in the sweet spot of a car's life in which the cost of the car is much less than the real value and use that can be had from the car.
Popular Second Hand Cars
The 2002-2007 generation Toyota Camry and the recent Honda Accord are quick sales for used cars. They are in high demand because of their sporty feel and excellent fuel efficiency. Not all used car buyers are looking for mid-sized sedans though. The 2002-2007 Chevrolet Tahoe and Ford F-150 are highly demanded used vehicles. The F-150 has been rated best in it's class by Car and Driver magazine and has been the best selling new car for several years. The utility of the Chevrolet Tahoe also attracts used car buyers because of its spacious interior. The Mazda Miata has always been popular with used car buyers as every fan of driving knows that it handles well and provides a sporty ride for weekend trips.
Used car sales will end up costing the buyer more because of the recent Cash for Clunkers program, which scrapped used cars after they were traded in. This has made the pool of used vehicles much smaller but there are still good deals to be had. Shop around in different areas to find the perfect used vehicle. Make sure that you check on frequent repairs on specific vehicles and warning signs of major problems with models as well so that you know what to look for so that you purchase a used car that will last without frequent major repairs. Buying a second hand car is a smart idea to save money and lets people with lower incomes afford the cars they really wanted if only a few years after their introduction on the market. Prices are also more adjustable and you will find that the initial purchase price is not the only thing you save on because of your purchase of a lightly used vehicle.