Why buy used cars?
Of course the thought of buying a used car is not always as
attractive as that of buying a new one, but there are
many advantages to used cars: You can afford a higher spec'd model with
more luxury or performance. Our current market means there are loads
of good quality, well priced used cars to choose from. It may also
be easier to obtain car finance as prices are lower. Car insurance
rates are generally more affordable. Many used cars are still under
manufacturer warranty or come with an extended motor plan.
Which used car can I afford to buy?
Before looking at used cars decide what an affordable monthly budget.
A good rule of thumb to use is that your total monthly car
repayments shouldn't exceed 20% of your salary after tax.
This may also be too much for you to afford, depending on other
expenses you incur. You also need to consider availability of a
lump sum for deposit on the second hand vehicle and monthly fees
such as car insurance. Also bare in mind that you should not spend
your entire budget every month. As with any car, but more so with
used cars make allowance for occasional unexpected expenses.
Does the used car meet my current needs?
Depending on your personality and where you are in life, your car
needs (and wants) will vary hugely. If you already have a used car
brand that you like, take the time to have a look at other car
brand competitors which may provide the same features and better
suit your financial needs. There are a lot of misconceptions
surrounding different car brands, this may be due to bad experiences
in the past or exposure to different marketing campaigns. Remember,
different car manufacturers have different target markets and
offerings, finding the ideal brand of car that suits your
requirements will mean you are not paying for features you may not
actually need.
Finding a good deal
The market value of used cars is based on their condition, mileage
and of course their popularity and availability. Certain used cars
are very popular in the South African market, these cars are usually
snapped up quickly or overpriced, which means that if you're
desperate to get hold of one of them you may pay a premium.
You may also have to sacrifice on certain features as choice is
limited. Other cars are readily available and with plenty to choose
from, here you may find a car or many cars that most closely meet
your needs. Popular, available used cars for sale are usually where
the bargains are found.
So you've got a short list, now what?
Do some investigating on the cars you've narrowed your list down
to:
Visit the Cars.co.za motoring news section and search for the cars you're interested in.
Here you will find news and real user reviews. You may also find it useful to visit
our new cars section to obtain the purchase price of
a new model. This will give you an idea of the value.
Do a search on our site a see which cars are available!
Test drive
Pre-arrange to see the cars you've found that you think are
viable options to suit your lifestyle and budget. Be careful to buy
cars from a reputable source where the vehicles have been
properly checked and are fully road worthy. If you are buying
privately, ensure that you meet the seller in a safe environment
and be vigilant.
