In the know: Things to consider when buying a second-hand car

Buying a second-hand car can sometimes prove to be more beneficial compared to getting a brand-new ride.

For instance, the price is already lowered due to the so-called depreciation value, which means you could be getting the best bang for your buck.

However, we should still be careful before buying pre-owned units. On that note, here are a few things you should consider when planning to get yourself one.

History

When buying a second-hand car, you’re not only getting the machine but you’re also inheriting its history. And by history, we mean its damages and repairs.

That said, be sure to ask the seller if the car you’re eyeing has been involved in a crash or if it has been flooded.

Tell-tale signs that can give you hints of previous damages on the car include a misaligned engine bay, uneven surfaces, mismatching paint, and watermarks on fabric trims inside the car’s cabin.

Since not everyone has the eye of a trained professional, it may help if you can bring a mechanic or someone with experience in snooping out car issues.

And while we’re on the topic of history, be sure to check with the Land Transportation Office if the plate number on your prospect car has a “hit” or if it has previous violation records.

Maintenance

Another thing to consider when buying second-hand cars is the cost of maintenance.

Since the parts of these units are affected by wear and tear, saving up a separate budget for its maintenance on top of the cost of buying the vehicle would be ideal.

Furthermore, if you are looking to keep an older car in your garage, it would be best to consider where you will source its maintenance and replacement parts. Luckily, many cars from the 90s still have available replacement parts on the market today.

Market value

There are no organizations at the moment that will regulate the price of second-hand cars. So, it’s either you will find a car whose price might be too expensive, or too good to be true.

Good thing there are second-hand car selling platforms — like Carmudi Philippines — that give you a clear view of the average market price of various used car models so you will know that you’re paying the right price.

In the same respect, websites like Carmudi Philippines can give you a robust list of second-hand cars based on the brand, model, and year.

Payment

Sometimes, you find that the money you have saved up might not be enough for that pre-loved car you’ve been dreaming of.

Thankfully, Carmudi Philippines can help you finance your dream car.

Simply contact us through our channels and our experts will talk you through with the car finance plans best suited for you.

Final thoughts

Getting a second-hand car can sometimes be scary. Even worse, buying the wrong vehicle can even leave you in a money pit.

However, considering the said points we’ve talked about will increase your chances of getting the right car for you.

And remember, with Carmudi you can get the right car, right now!

Photos from Carmudi and Juan Paulo Papa

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