This is a no-brainer when buying privately or from a dealer. You want to make sure the vehicle has never been in an accident, a hurricane, or had the odometer rolled back. Was it a rental unit or a lease return? Many buyers don’t like rental cars, but know that lease returns are preferred over even trade-ins at major dealerships.
Mistake #2 – Not checking the vehicle inspection report
If buying from a car dealer, simply ask to see the mechanic’s inspection report on the vehicle you want to purchase. If they won’t show it to you, you’ll need to choose between walking away from the deal and having your own mechanic check the vehicle out. What do you do when buying from a private seller? Always have a mechanic perform a pre-purchase inspection.
Mistake #3 – Ignoring fuel consumption
As a dealership employee, I was always surprised at how many customers arrived asking for a car that was good on gas, but then drove away in a gas-guzzling SUV they had always wanted. It’s more difficult to ignore a vehicle’s EPA fuel mileage rating when gas prices are at $4 per gallon. The best place to research fuel consumption is a user-friendly, government website: FuelEconomy.gov.
Mistake #4 – Ignoring certified pre-owned (CPO) vehicles
These vehicles not only meet a higher standard—only a few years old with a limited number of miles—but they are put through a comprehensive inspection with deficiencies repaired. Then, the manufacturer—not the dealer—provides an extended warranty and other benefits. You’ll pay a bit more for a certified pre-owned vehicle, but those benefits won’t diminish if you make a great deal on the selling price.The Car Connection
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