No matter what one’s station in life, the truth is, new cars have become quite expensive. However, there is always the option of buying a pre-owned vehicle. Follow these useful tips to buy wisely.
A used or “pre-owned” car may not be completely new, but to the buyer, in this case you, it is “new”.
To ensure that you are not taken for a ride when buying such a vehicle, there are a few things you can do to protect yourself.
1. Set a budget
The budget is the star of this show. It determines which segment you can afford: entry-level, mid-size, SUV, large, luxury, or sports model, and so on. So, make sure you can afford the car you want by checking with an online calculator from a reputable vehicle finance bank.
A good rule of thumb is that your car should not cost you more than 20 percent of your monthly salary, including fuel, insurance, maintenance and car wash. Another important question is what the car will mainly be used for?
2. Consider intended use
A long-distance traveller should consider a larger car, preferably with a diesel engine. If you live close to your workplace, a smaller car may be best. I recommend an automatic vehicle wherever possible – it’s easier to drive in all conditions.
3. Find the car through reputable channels
Use online search engines and reputable websites. Some major brands also have dedicated used car sections on their websites, which you should also check. Most of these websites are associated with reputable car dealerships. Make sure the dealer you choose is affiliated with the Retail Motor Industry (RMI) to be sure.
If you buy from a private person, you will have to do more groundwork and there are virtually no financing options. I must also stress that you should not “take over” the ongoing instalments on someone else’s vehicle. That can cause you a lot of problems down the line.
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Also, there are some websites that will help you get an approximate price for the used car you want, so check the book value to make sure you aren’t being ripped off.
4. Perform a vehicle checklist
Once you have found the vehicle you want, you need to tick off the following checklist:
- Check the VIN number (it’s on the registration disc and windscreen).
- Check the service history.
- Ask for the DEKRA inspection certificate.
- Has it been in an accident? If so, who repaired it? Another good rule of thumb is that a South African car averages 20 000km per year. Look at the odometer and compare it with the age given by the seller.
5. Test drive
Test drives are very important. There is no opportunity to do this at auctions, which means you buy the car as is. If you are not sure, take a knowledgeable person with you for a test drive. Look for abnormalities such as excessive wind noise, a loose clutch, a loose gear lever (for manuals), non-functioning parts, rusted bodywork, the quality of the seats, odd smells, strange noises, steering feel and position, cleanliness, engine performance, braking distances and the battery. Drive at least 10km on urban roads and motorways.
Ask as many questions as necessary, for example, where the car has been kept, how often it has been driven, whether any modifications have been made, etc. Do not be pressured into buying it, for whatever reason. If you feel it is not right for you, walk away and start your search again. You are under absolutely no obligation to buy.
Buying a used car can be a rewarding experience because it can potentially save you a lot of money. However, if you do slip up and make a poor purchase, you may be stuck with a lemon with which you cannot even make lemonade.
