When searching for a used car, one of the most important factors to consider is whether the car you are looking for really is worth its tag price. Even though the car may look like quite a deal, it is possible that you are being ripped off. Here are a few tips to help you make that decision when considering used cars.
1. Do a Little Research
When you find a used car that catches your fancy make sure you do research on that car. Find out how much that car costs if it were brand new. You should also look into whether the car is still in production and if its parts are still available. You could also try a little shop hopping to compare used car prices among cars of the same value and same age.
If a cars price is too low, that should send you into a state of alarm. It is possible that the car is much more trouble than it is worth.
If it is too expensive, you may want to ask why that is so.
2. The Older the Car the Cheaper is Should Become
Brand new cars typically lose up to 30% in their value in 3 years, and by the time the car is 5 years old, it may have lost up to 65%. If you know the cars original price, you may want to use this rule...