Buying a used car can be both an exciting and stressful time, especially if it is your first car. Today I am providing you with some used car shopping tips that will ease your worries and give you the confidence you need for your next purchase.
1. Do your homework. Though it’s something us college kids are familiar with, just as in real life, many of us don’t do it. Researching your desired car is the best thing you can do to boost your buyer confidence.
There are specific problems that typically plague certain vehicles and they are pretty easy to find on most car forums. Knowing these problems can give you a lot of bargaining power and help to avoid the most obvious problems.
For example, my 1997 Volvo 850 is known for broken cup holders, faulty odometers, and timing belts that must be replaced every 70,000 miles.
2. You don’t have to know everything, just some things. Most car shoppers can get intimidated by terms such as catalytic converter, compressor, thermostat, but there is no need to worry as simply looking up these terms online can be a huge advantage.
Most people aren’t automotive engineers or “car guys” therefore when it comes to engines they usually have no clue what they are talking about. The only thing you need to know about the functionality of a vehicle is when certain items were last serviced.
Service items that you need to pay particular attention to are: oil changes, tune-ups(spark-plug, wire, and distributor), radiator flushes, and tire rotations.
3. Listen to “car guys” but filter their BS. When shopping for a vehicle this person always seems to manifest from out of nowhere. They will either be the person who is selling a car or a friend who is trying to help you buy a car.
A car guy is simply a car enthusiast, who more than likely knows everything about their car and has done some aftermarket modifications to their vehicle. Tell-tale signs of a car that has been owned by a “car guy” are a car that has blacked out headlamps, an obnoxious wing, or pretentious looking bumpers.
These cars often feature stiffer bushings, shocks, and springs that will ensure a noisy and harsh ride. A car guy will try to up-sell you on all their aftermarket add-ons but remember most aftermarket parts do not increase the residual value of the vehicle.
My best word of advice when dealing with “car guys” is to simply remember what YOU are looking for in a car and that YOU are the one paying for it. So bring one along with when you buy a car; they will be helpful as they will know a bad car immediately. Most first car shoppers buy a car for what it is, not what it does.
4. Shop for car insurance. In the case of most cars that are 10 years old or older, insurance costs will be the most expensive on-going cost. Your age and the type of person you are affect your insurance premium just as much as the age and type of car does.
If you are newly licensed or have less than three years of driving experience, expect to pay more in insurance than what your car is worth. It might sound odd at first paying more for a vehicle than it is worth but remember most cars weigh more than 3000 pounds, which makes it very easy to squash a person, or cause a lot of pro perty damage.
There are ways to get discounts on insurance such as joining AAA, having at least a B average in school, or taking defensive driving courses. You can also receive a lower rate by being added under your parents' coverage. The flip side is that it is also very easy to increase your insurance costs; getting speeding tickets or getting into accidents are the number one ways to do this.
In short, you may have to make sacrifices with the car you want in order to get a used car that you can insure.
5. Know all the costs. Owning a car gives you freedom, but it comes a recurring cost. Knowing how to prepare for and manage these costs will go a long way to ensuring your financial stability. The best way to save money on future costs has been addressed in tips 1 through 4, but another way to reign in cost is to simply get a fuel efficient vehicle.
This is your first car, and just like the first time you had sex there is nothing special about it. That being said, sacrificing quality of looks for the quantity of dollars in your pocket is worth considering.
Fuel and insurance will be your largest costs and will eat away at approximately $4000 of your account balance annually. These costs are predictable which makes them easier to swallow.
Much harder to digest are repair costs. Repair costs can be like playing a game of Russian roulette with your bank account, with costs ranging from $10 to plug a hole in your tire to over $1000 for things such as catalytic converters or transmissions.
The best way to tackle unexpected repair costs is through regular maintenance and inspections. Just as an ounce of prevention is worth a pound of cure, the same can be said about maintenance and repairs. Regular oil changes are the best way to keep your engine running smooth. You can take it a step further by getting your engine flushed once every five years.
Radiators are expensive to replace and work best when fluids are at the proper levels. Most people don’t realize that over time, the coolant in the radiator breaks down. When this happens your fluid becomes more transparent in color and should be flushed and refilled. The same can be said of your transmission fluid, only the fluid will change from orange to brown.
Finally getting your suspension inspected every year is a good way to shun expensive costs. Particularly with your suspension, one part failing can cause damage or increased wear to other parts.
Conclusion: These tips were intended to be a starting point for your next used car purchase. Though there is no way to ensure that you have a good car that will last forever, these tips will definitely prevent you from buying a lemon. Remember, cars have thousands of parts with hundreds waiting to break at any time, so you sit back, buckle up, and brace yourself for the wonderful world of car ownership.


Comments
The most important thing for a college student looking to buy a car is to ask either the person selling the car or the dealership to proivide the CARFAX history report. This report does not lie and it shows exactly what work or accident has happen to the vehicle. http://dld.bz/sellingcars-blog
This is true, but many fail to realize that the carfax only applies to automotive work that was done with an insurance company. Lets say a person hits a mailbox or something and decides to fix the car themselves, then their could be underlying damage that could be overlooked.
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