Buying a new and expensive car isn’t a piece of cake. Various folks can’t afford to spend a lot of money. However, virtually everyone requires a car. The best option in such circumstances is buying the used car as it is less expensive and can allow you to stay in your budget.
Everything embraces a sunny and a dark side. It is a misconception among students that used things are of poor quality. That’s why they are advised to spend more money and opt for a new one. These are all fallacies. All you have to do is just be careful before finalizing it.
Here are a few advises every student must review before buying the used car:
- Check the condition of the Car:
The very first thing you must look for is the condition of the car. No one wants to purchase a car that is rusty or broken and spend money on its repair. Therefore check the exterior and interior of a car thoroughly so that you don’t have to face problems later on.
- Always go for Test Drive
When you buy clothes, you always try them beforehand to check whether they suit or not. Same is the case with cars. Whenever you look for a used car, always take a test drive to check its functioning. Doing so will help you in analyzing that if the brakes are fit and can respond to the sharp turns smoothly or not? Moreover, it gives you an idea about the performance of the engine and how much oil it consumes per kilometer.
- Inspect a car with the help of your Mechanic:
A student doesn’t have an idea about the minor details of the cars. You can only check the main things like color and condition, but a mechanic knows everything. When you take a mechanic with you to inspect the car, he finds out about the hidden problems. Not only this, but you know about the actual worth of the car. There are numerous cases when folks purchase something expensive that is not even worth spending so much money. To avoid losing huge bucks, it is always better to get the assistance of a professional auto mechanic.
- Research about the Make and Model:
When you are looking to purchase a car, always do a little research about its model. It is vital because doing that would help you get to know how old the car is and what’s the actual market price of the brand new car. In addition to that, it helps you in negotiating the price, and you won’t be fooled by the scammers.
- Check the Registration Papers:
Before buying the car always ensure that the car is registered under your government. Sometimes the second-hand cars are the stolen ones that are illegal for the owner to have. To avoid the clashes in future always check the registration papers and make certain that if they are original or not.
- Look for pre-owned cars:
Looking out for certified pre-owned cars comes handy for you. For it can offer you a warranty of the quality of the vehicle. When you purchase these cars, the dealers offer you quality assurance and warranty.
- Check the Reviews and Dealers reputation:
The best way to buy a car from a dealer is to check the reviews and feedbacks of his other clients. Carvision is the best place to look for the trusted dealers. It is an online platform that provides you the buying, selling and trade services. Furthermore, they have the customers’ reviews on their site which help the new audience to go for the best dealer. Carvision have experienced and trustworthy sellers, so you won’t have to worry about finding the good one. Check the reviews of certain clients and go for one which you find right. Contacting them will not be an issue since there is already complete information about them on their site.
One of the most important decisions that recent college students need to make is whether or not they should own a car. Students may think that appearing in a shiny new car will enhance their learning experience at Yale, but there are also some very practical reasons for owning a car whilst studying. Getting to and from the place of study is perhaps the most crucial reason, but a car also makes it easier to move things around, go to the workplace, and travel to and from home, if a student’s family home is a little far away from Yale. We have put together some tips that we think may be helpful to Yale students who are looking for their first car. First and foremost, a student must choose a reliable and reputable mortgage broker.
Why Use A Mortgage Broker?
A mortgage broker is qualified to look for the best mortgage for a student looking for a new car. Students would get unbiased advice and could choose from a range of lenders and subsequent cars, as opposed to being restricted. A broker would be on their side. A mortgage broker deals with lenders on a day-to-day basis, so they will know what the application process is like for each one, and can tell the students which lender can process their application the fastest. If a mortgage broker’s advice is not up to the mark, Yale students can complain and be compensated.
Now that we know why a mortgage broker would be helpful, let’s move on to some more advice for students who are looking for a new car:
What Matters the Most When Buying a Car?
- Your dream of driving a racy sports car would have to wait. When you are a student and on a low budget, you have to be realistic in your choice of vehicle. Go for a safe, affordable, and sturdy car.
- Most car loan companies will only lend to people who are full-time employees and earning a certain amount of money each year. As a student, you may not have any credit before, and this is not a good sign for lenders. Taking on a pre-paid student credit card will allow students to build up a financial reputation whilst not getting into any debts.
- There are many relative costs related to maintaining a car, including, but not limited to fuel, replacement tires, mechanical repairs and yearly servicing. Students should search for a car that they can afford to look after.
- Students should always buy their car from a recognized seller, and get some sort of guarantee for their own peace of mind. They should also seek advice from experienced car buyers. Students should remember to buy with their head and not with their heart.
Buying a car is an important decision for recent college students. When buying a car, students should ensure to get in touch with a reputable mortgage broker. They also need to consider their convenience, credit history, maintenance costs, and should pick the right seller.
For more information, visit: http://www.collegexpress.com/articles-and-advice/student-life/articles/living-campus/how-buy-your-first-car/