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Tips for Buying a Used Car

Tips for buying a used car

For many people, buying a used car instead of new is the best option; it makes sense financially because someone has already paid for most of its drastic depreciation in value. With thousands of used cars for sale, you’ll be sure to find the right one that suits your lifestyle and budget. But before you buy there are important considerations to make so that you can be as informed and confident as possible about your purchase.

1. Obtain a Vehicle History Report

These reports show most past accidents, whether the vehicle has been registered outside of BC or Canada and if it has been used as a lease, rental, taxi, etc.  If a vehicle history report is not provided, ask for one, or obtain your own if you are seriously considering buying the vehicle.

2. Get the Vehicle Inspected

It is an industry best practice to provide a written dealership mechanical inspection or an independent mechanical inspection as part of the sales process.  Whether done by the dealership or a third party, this report will detail the mechanical condition of the vehicle.

3. Warranties

Some late-model used vehicles may have the original warranty from the manufacturer or an extended warranty still in effect.  Be sure to confirm that you will be covered by these warranties.

A warranty should:
– be in writing;
– be part of the contract;
– be signed by the dealer, not just the salesperson;
– be specific, with details of what is covered and for how long; and
– contain a statement confirming the selection of garage services, in the event of a breakdown.

4. Evaluating a Used Vehicle
– Check upholstery and floor coverings for unusual wear
– Check to see that the heater, air conditioning, radio and other features work
– Ensure that doors, windows and sunroof open and close
– Note the odometer reading
– Look for a recent service sticker to see if the mileage is close to the current odometer reading
– Evaluate the condition of the tires and look for unusual wear
– Check the trunk for the spare tire, jack and wheel wrench
– Check paint, chrome and body for mismatched paint and repairs
– Look for rust – visible rust could mean a lot more rust underneath
– Check the fluid levels in the oil, transmission fluid and coolant
– Notice any unusual smells

Test Drive:
– Plan to drive the vehicle for at least 30 minutes
– Drive it on the highway
– Drive it on city streets
– Test the brakes and all the gears
– Turn off the radio so you can hear the engine, brakes, and transmission

5. Get Copies of All Documents

– Sale or Purchase Agreement
– ICBC Transfer and Tax ICBC Insurance forms
– Financing Agreement or Lease Agreement
– Warranty documents
– Vehicle History Report
– Mechanical Inspection Report

For more information please visit http://www.mvsabc.com/consumers/vehicle-buying-tips – buyingprocess