The pre-owned car market is burgeoning by the day as the craze for owning a car starts at a young age. Affordability and customized solutions have made the second-hand car market grow immensely. Whether you want to buy a basic car or a ravishing race car, the choice is a dime a dozen. Though, the path has to be walked carefully, as it is filled with the cut-throat salesman. Here is a guide on buying used cars compiled by top second-hand car dealers like Purple Cow Cars, Autotrader, motors and the like. The market scenario is picking up after the uncertainty of used diesel car after sales, explains www.theguardian.com/business/2017/oct/05/uk-car-sales-fall-consumer-confidence-diesel-smmt. However, following these tips can open up options to clinch the right deal.
Simple tips to hit the bull’s eye
· New cars are expensive standing at an average price of roughly £28,500 with a cut back cost of £21,000 after the first 10,000 miles or after a year. But from the second year onwards the depreciation is likely to come down with amortization of £3,750. So, buying a model that is a year old can bring the cost of your purchase drastically. Though, one-year-old premium models like Porsche and Mercedes are hard to find in the market.
· Investing in a small engine can be a crucial decision when it comes to fuel efficiency. A 1.0 liter or 2.0-litre engines use more horsepower and thereby more fuel. Again this depends on how the car is used. A small engine is definitely fuel efficient when used in the right way. Pushing the vehicle too hard can burn more fuel and put more strain on the engine.
· Petrol cars are cheaper than diesel but in the long run diesel cars are highly economical. This does not mean that diesel is the best option. Diesel cars come at high maintenance cost.
· Automatic cars are convenient but are priced high than their manual counterparts. Though, automatic cars are fuel efficient as they know the best gears, leaving you at an advantageous position to get back the money invested soon.
· Hybrid cars are the in-thing for those environmentally conscious individuals. Modern hybrid cars are available from minis to luxury wagons. Hybrids are fuel efficient, tax-free making it a cheaper option. They have good resale value too.
· Buying a car with emission certificate is a wise decision. The taxes and penalties on polluting cars are high and can turn out to be a burden over a period.
· Insurance premiums are lesser for small cars. You can save on the cover. The smaller the car, the lower the insurance cost. Again it depends on the car safety features, performance, and spares.
Match the decision to buy a second-hand car with time to get the best deal. Purchasing a car by the end of March, June, September or December can be beneficial, as the salesman have targets to achieve and they throw up big bonuses. While buying from private buyers, do not make an impulsive buying, watch the prices for a few weeks before you take a decision. You are sure to hit the right deal.