The Automobile Association ( AA) was of the view that, with more and more consumers buying ill-used vehicles, it is important for consumers to minimise the risks of intention up with a bad buy.
" Before launching your search for a great deal on a ill-used vehicle, spend some time considering many of the same factors that would apply to a new-car buy: how you will use the vehicle; how long you plan to keep it; the length, mode, features and impression this is necessary or prefer; and your budget or financing options. Know your financial limits, and protected any necessity financing before inaugurating your search ," the AA mentions.
After-purchase costs, such as gasoline, guarantee and upkeep, likewise need to be borne in mind.
In calls of the Consumer Protection Act, a ill-used vehicle marketer must declare any known shortcoming of a ill-used vehicle to a potential buyer.
ADVICE ON BUYING A USED CAR
Auto Advise has some practical steps on how to purchase a good second-hand vehicle :
* Make an appointed to attitude the car. Take person with you who knows about happenings mechanical if you do not.
* First inspect the bodywork. March slowly around the car, starting and ending at the same spot. Appear carefully at each body board. Appear for signals of repairs and overspray. Open all the doors, the boot and the bonnet. Always examine the bodywork in good ignite, and do not inspect the car in the downpour or if it is wet.
* Check inside the car. Appear at members of the general milieu of the carpets and the upholstery. Test everything, including the electric spaces, mirrors, sound system and accommodate mechanisms. If you are a non-smoker, check the ashtray for signals of cigarette ash. If you are a non-smoker, the smell of stale fume might ruffle for as long as you own the car.
* Check the service bible. Compare the actual mileage to the last work. Do the dates check out? If you are a little suspicious, is to ensure that the same ink has not been used for all the services.
* Don't appear to be over-eager to buy.
* Once you are happy and are certain that you want to buy the car, write down the toll you would like to pay. Too, write down the best price you are willing to pay. It's a good idea to discuss this with your partner or a friend before making an offer.
NEW vs USED: PROS AND CONS
The advantages :
* You have peace of mind, because brand-new autoes come with a full warranty, pledging you against specific faultings for a certain period;
* You know the history of the car and its milieu; and
* Banks tend to offer better interest rates for brand-new autoes, because brand-new autoes have lower peril.
The hindrances :
* It is estimated that, once a brand-new vehicle leaves the showroom, it typically loses 15% of its significance, and about 10% of its significance each year thereafter.
* Dealerships and finance institutions require you to have full insurance cover on the vehicle until it's paid off, and insurance premiums are likely to be high on a brand-new vehicle.
* Someone else has paid the depreciation for you.
* You can buy the best vehicle for the toll you are able to afford. It is not remarkable to find a late-model exploited vehicle at less than half the cost of a brand-new one.
* Some batches on recent-model exploited autoes volunteer the remaining balance of the factory warranty, and the opportunity to purchase an extended warranty.
The hindrances :
* One of the most difficult hindrances of buying a exploited vehicle, peculiarly an older prototype, is that it may not be dependable, or it may need a lot of repairs.
* You're likely to pay a higher interest rate on a ill-used car.
Source : iol.co.za