7 Common Mistakes First Time Second Hand Buyers Make

1. 7 Common Mistakes First Time Second Hand BuyersMake Buying a Pre-owned car for the first time? You could easily make few mistakes that could make you regret your decision. Make sure you don’t make these 7 Commons mistakes that first time secondhand car buyers make.  Not putting your needs first: Make a list of your requirements and the type of car you need. Buying a used car is a wise choice if you pick the ideal one which fits your needs appropriately. If you’re looking for a commute to your office in a metropolitan; a hatchback is a prudent decision but if your work requires out of city travels or you frequently go on road trips then a SUV is the rational option. Usually first time second hand car buyers go for the better car at a reasonable price paying no heed to requirements.  Forgetting a professional checkup: First time buyers often forget to get the car inspected by a trained mechanic. Getting a checkup is even more crucial when you are negotiating with a private seller. There is less authenticity in a private sale, and you might brush over little details since it’s your first buy. At OLX Cash My Car the used cars get evaluated before being put up for sale. It’s a secure option especially for first timers since you can get all your queries answered by experts.  Not checking finances beforehand:

2. Many dealers don’t finance secondhand cars. Have a clear conversation about finances with a dealer and if he has tied up with any banks for secondhand car loans. If going for private sellers then chances are you might face more inconveniences in getting a used car loan. Figuring out the finances and loans is one of the first things you need to do to avoid any nuisance later on. Check out the KYC norms of banking companies or NBFC’s you are considering getting a loan from for your used car. Getting loans for used cars is more difficult as compared to new ones. However, if your credit score is good you don’t need to worry.  Not waiting for the best deal: Always ponder over ample deals and cars before making the final decision. Negotiate the price with the seller over a cup of tea, even if the seller seems resistant and firm negotiating properly can make a slight difference. Another pivotal thing that first-time used car buyers skip to consider is the time of purchase. Usually discounts and offers during festive season are heavier making your purchase even more reasonable.  Choose the one with a faulty insurance policy: When verifying other documents ask for the car insurance as well. Check the car insurance company and make sure it’s a trustworthy one. Get to know the type of insurance and its coverage too. Comprehensive insurances should be preferred over third party insurances. However, absolutely don’t buy an old car with no insurance. Third party insurance is better than no insurance. You can use this to negotiate prices as well; cars with comprehensive insurances get better resale value.  Go for certified ones: Only a car with full and verified documentation certified by the required authorities should be considered for a purchase. Many private sellers sell stolen cars too. It’s better to buy a used car from an authorized dealer of Pre-owned cars. OLX Cash My Car is a trusted and renowned venture of OLX for selling a buying pre-owned cars.  Not Carefully inspecting the car: When you examine the car’s interior and exterior be vigilant. Check under the hood for any leaks or corroded parts. When you examine the car’s interior and exterior be vigilant. Check under the hood for any leaks or corroded parts. A test drive is necessary for verifying fuel efficiency and performance. Odometer tampering is quite common so make sure it isn’t tampered with.