Finance Globe

U.S. financial and economic topics from several finance writers.
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How to Buy a Reliable Used Car, Not a Lemon

Many people shy away from buying a used car because they are afraid of what they will end up with. While there may be a few lemons out there, if you take the right approach you know you can save money on your purchase while still getting a vehicle that will provide reliable service for many years to come.

Here are three tips that will point you in the right direction:

1. Have your mechanic inspect the vehicle before making a purchase. Why take the seller’s world for it when you don’t have to? Pay your mechanic to give the vehicle a comprehensive inspection, ensuring that you know exactly what you are getting. If everything checks out, you can make a purchase with confidence.

2. Opt for a vehicle with a warranty. Many automakers sell certified used cars. These vehicles must meet specific requirements regarding age, mileage, and overall condition. Best yet, a certified used car will come with a warranty, giving you peace of mind.

3. Read up on the reliability. Some cars have a better reputation for long term reliability. For example, most Toyota and Honda models are known to last a long time, making them a better choice when purchasing used.

With the help of the internet, you can learn more about the reliability rating of each model you are interested in. This does not guarantee the reliability of the vehicle you purchase, but it improves your chance of buying one that will last.

When shopping for a used car, the fear of ending up with a lemon is very real. Although this is sure to creep into your mind during the buying process, when you follow the three tips above you should be able to make a solid decision.

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Wednesday, 16 October 2019

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