Buying used (pre-owned cars)

Author:: gilkich
Date:: October 31, 2008

Buying a used (pre-owned) car is a decision you have to take very seriously. While a new car offers a guarantee and a warranty, the initial cost outlay is high. Most of us choose to take a payment plan - a contract to make regular payments to a bank or finance company. Naturally, if you breach the contract, the consequences are dire.

Some of us choose to purchase a used vehicle (car or truck). In most cases, a purchase like this is beneficial, as long as you follow certain fundamental steps:

1- ALWAYS have the car checked by a certified mechanic. If you take your uncle along and he kicks the tires, that is not enough. Sure, it might cost 50 or 60 dollars for a mechanic to check it, but it can make a BIG difference.

2- Do not rush to buy a car because it looks great. I have a friend who bought a 1977 corvette for a GREAT price. It was his dream car, until 2 months later his transmission broke down. He bought the car "as is" and the car ended up costing him more (monthly) than the rent for his apartment.

3- Buy a used car only from the owner. Used car lots are rarely reliable unless they have certified cars (ie; Mercedes sells used models, so does GM....)

4- While it may be "cooler' to drive around in a used Alfa Romeo, the same money can get you a late model used Toyota that is more than likely to get you around for MANY more years.

5- Buy what you can afford - check the price of insurance, and read reviews on the car you are buying. Just use Google - In other words, do whatever you can to know all info about the car you intend to buy.

Of course, whatever you decide, don't be embarrased to change your mind - If the seller pressures you, chances are something is not right.

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How to find the best used cars in Canada?
It's that time again to change cars and I would like to know what are the best used cars available in Canada.
Which cars offer the best value for money ?
Which vehicles are safer, efficient and have low fuel consumption? Which type of sport cars are recommended? Thank you in advance.

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