Used Car Buying Tips
Looking for a way to drive away in your dream car without having to pay its new car price tag? If so, buying a recent-year used car model may be the avenue for you!
At Mile High Honda, we’ve run into many local car seekers in the Denver, Centennial, and Aurora areas who are a little apprehensive about what to expect when buying used. Check out the following used car buying tips to help you navigate the pre-owned process with ease.
Tip 1: Comprise Your Car Wish List
You may already have a high-level view of the type of car you’re looking to purchase. But if you need help getting to the bottom of this, think about your motivations for investing in a new car.
Maybe you’re looking for a truck to carry out plans to do your own landscaping and move your son or daughter into college. Or perhaps you need a daily driver that’s got great fuel efficiency stats for your lengthy ride to work and back. Make up a wish list of features that are necessary to you in addition to those that you think would be nice to have. Consulting this list will help you stay true to what’s most important while you review potential models.
Tip 2: Decide on a Realistic Budget
Do you know the highest price that you’re willing to spend on a pre-owned model? Deciding on a realistic budget is a vital step in the pre-owned buying process. In general, you won’t want to spend more than 20% of your monthly income after taxes. It’s important to choose a budget or budget range that fits into your current spending plan without stretching the money you’ve allotted for your other expenses too thin.
Tip 3: To Trade in or Not to Trade In?
If you don’t really have a use for your current ride, trading it in to a used car dealership for cash or credit is a great way to save even more from the start. Depending on the condition of your car, you could be looking at a significant chunk of change that can be put toward your preowned purchase. Mile High Honda lets you fill out a free trade-in value request online so you can know how much we’ll offer for your car ahead of time.
Tip 4: Research Used Cars in Your Area
Finding used cars in your area can be done in several ways. Edmunds.com, Cars.com, and KBB.com are reputable sources that pull from both dealerships and private sellers. Doing a Google search for “used car dealer near (your town name)” or “used cars near (your town name)” should yield a number of car dealerships in your area that offer multiple brands within their inventories.
Tip 5: Obtain a Vehicle History Report
Once you’ve tracked down a model you really like, you’ve reached the step in the process that gives future buyers the biggest headache: considering the car’s history. With a certified vehicle history report, you can see any previous damage and repairs that have been done to the car as well as other key specs such as miles driven and number of owners. You should never buy a car without seeing an official report that lists this essential info. Today, many vehicle history reports are even free on reputable dealer sites.
Tip 6: Time to Test Drive
Just like when you buy new, you’ll want to make an appointment to test drive the vehicle you’re interested in. Test driving with a used car dealership is a great way to get to know your prospective new ride. This is your time to ask the sales representative any questions you have about the car over the course of your visit.
Tip 7: Financing and Final Steps
From this point, used car buying really mirrors buying new. At the dealership, you should be able to receive assistance with how you’ll makes payments on the car. Finance department staff will help you through the process in an efficient manner so you can get back to enjoying your new (to you) ride!
If you’re a Denver, Centennial, or Aurora area car buyer looking for a great selection of pre-owned models, you should check out Mile High Honda’s used inventory. We have numerous major makes in stock in addition to Honda brand vehicles and a stellar certified pre-owned program that takes the stress out of buying used. Make the car of your dreams an affordable reality by browsing our used car selection now!