What mistakes not to make when buying a used car

used cars with financing available

With the evolution of technology, the means of transport have diversified and it is now possible to find used cars with financing. This allows you to have a new car without having to pay the whole price at once. This solution is very practical for those who want to buy a new car but have a limited budget.

What is the make of the car?

It is important to choose the right brand for your used car. This is because car manufacturers offer models with different technologies and a wide range of performance. If you want to buy a used car for business or personal use, it is important to choose a brand that suits your needs.

The criteria to be taken into account include: price, consumption, pollutant emissions, certain services offered by the car manufacturer (insurance, maintenance, etc.), etc.

It should also be noted that the price per kilometre is more attractive for short journeys (less than 10,000 km/year) than for long journeys (over 100,000 km/year).

It is therefore best to choose a car that offers a good compromise between daily use and annual mileage. To do this, you need to find out what is currently on offer on the market and what technology is included in the vehicle you have chosen, in order to assess whether it will meet your needs.

What is the model of the car?

The car is the preferred means of transport for the French. In fact, in 2014, 92.3% of households had a car (CREDOC figures) and sales of new vehicles increased by 3.2% to 1,628,705 registrations (CCFA figures). In addition, new car sales have been rising steadily since 2008. It is not for nothing that cars are considered an essential commodity. In this context, it is important to know how to choose a car model before buying one. What makes are available on the market? The choice of a model will depend mainly on the needs of the driver and the budget available.

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There are different types of brands: A small national brand: e.g. Citroën C1; A large European brand: e.g. Peugeot 208; A small international brand: e.g. Renault Twingo; A large national group: Peugeot or Renault; A small family business: Toyota Yaris or Citroën C4 Picasso; A large multinational company: BMW or Mercedes-Benz; A high-end car manufacturer: Jaguar / Land Rover / Aston Martin; Specialised homebuilders: Alfa Romeo MiTo; Asian manufacturers such as Honda and Hyundai; Indian manufacturers such as Tata Motors and Maruti Suzuki (Indian); Japanese manufacturers such as Nissan and Toyota (Japanese); or Korean manufacturers such as Hyundai and Kia (Korean).

How many kilometres does it travel?

This is a question you should definitely ask yourself before buying a used car. A car is an indispensable tool for most people, but it also represents a substantial budget.

It is therefore important to choose the right model according to your needs and budget. Pay attention to additional expenses such as insurance (mandatory) and fuel (economical). Take care to check the condition of the vehicle: - are the tyres worn? - are there any scratches or dents in the bodywork? - are there any leaks in the electrical system? As a general rule, the more your car the more kilometres it has travelled, the more expensive it will be to buy.

It is therefore important to know your car well before you buy it. Before buying a car, ask the seller if the mileage corresponds to the information on the odometer. If there is a discrepancy or if the odometer is unreliable, it is best to buy another car or at least ask for an estimate for repairing the odometer so that it can be updated.

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How old is the car?

Used cars are an excellent way to reduce the purchase price and maintenance costs. A car that has already been driven a few miles will not need as many repairs as a car that is in its first year. Therefore, buying a used car can be an economical way to get an identical model. However, there are risks associated with buying a used car, particularly in relation to the car manufacturer's warranty and the issue of the vehicle's age. With regard to the car manufacturer's warranty, this usually covers all parts and labour for a period of time determined by the manufacturer.

The risks associated with the age of the vehicle are greater for older cars than for newer, well-maintained models.

Most of the car dealerships offer owners of a car that is less than five years old an additional three or four year service guarantee, which is often a good compromise between the high cost of repairs and the initial purchase price.

How old is the car?

How much does it cost?

Why is it important to find out the value of a used car? The value of a vehicle is an essential piece of information for any owner wishing to resell their property.

It is important to know that the used car market is very volatile, which can make it difficult to resell the vehicle. To get the best valuation of your car, you need to know some tips and tools. There are several ways to determine the value of a car: Classified ads and specialised websites are a good way to get an estimate of your car online without having to have it appraised by a professional.

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Websites usually offer free quotes so that potential buyers can quickly find out the real value of the vehicle.

There are several specialised websites that offer free or paid estimates for your car.

Is it available with funding?

Why not try to take advantage of a used car with financing ? There are many advantages and disadvantages.

The advantages of buying a used car can be mainly related to the cost allowance, which is often significant. In addition, these are often recent vehicles, and therefore more reliable and less expensive to maintain. This type of vehicle also offers great flexibility in terms of choice of model and colour.

It should also be noted that the used car market is dynamic and there are still many opportunities to find the best deal possible. However, you should be aware of additional costs, such as transport costs to the point of sale or administrative costs. Indeed, these costs can amount to as much as 10 % of the original price of the vehicle! Another option is leasing: this system allows the buyer to use a vehicle without paying for it in full for a given period (usually between 24 and 60 months).

The owner must then pay a fixed monthly payment for the duration of the contract.

Leasing therefore allows for simplified management of the total costs associated with a vehicle: depreciation, insurance, fuel, etc. Another option is to buy a vehicle outright and then opt for leasing as an alternative.

A used car with financing is a perfect solution for people who can't afford a new car or don't want to have to pay large monthly payments.


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