Tips for buying a used car
The decision between buying new or used can be tough. While the allure of a shiny, brand-new vehicle is undeniable, there are numerous advantages to considering buying a used car as well. Here’s some tips for buying a used car!
One of the big benefits of getting a used car in NZ is its affordability. Used cars are generally cheaper than their brand-new counterparts, making them an attractive option for those looking to save money without compromising on quality.
If you’re in search of an affordable family vehicle or an eco-friendly used electric car or hybrid, used cars offer various options to suit different budgets and needs.
Buying a second hand car also allows you to take advantage of depreciation. Unlike new cars that experience significant value depreciation as soon as they leave the dealership lot, used vehicles have already undergone this initial loss in value. As a result, you may find that your investment holds its worth better over time compared to buying new.
Purchasing a second hand vehicle provides access to an extensive selection of makes and models. From luxury cars to reliable everyday commuters, buying a used car offers diverse choices for every preference and lifestyle.
Whether you’re searching for specific features or seeking out popular models at more affordable prices, exploring the range of used car options available in the NZ car market can lead you to your ideal vehicle.
Setting a Budget for your Used Car
One of the first tips for buying a used car is setting a realistic budget. By considering your financial situation and the cost of owning a car, you can ensure that you make a decision that aligns with your goals.
It can also serve as a starting point in buying your car, as you will know the price range of the used cars you want to look into.
It’s important to remember that the purchase price of the vehicle is just one aspect of the overall cost. You should also take into account ongoing expenses such as maintenance, fuel, potential repairs, and insurance.
Additionally, exploring financing options for pre-owned vehicles can help you determine how much you can comfortably afford. Utilising tools such as a car loan calculator can provide valuable insights into regular repayments and interest rates based on your budget and desired loan term.
By setting a realistic budget for getting a used car, you can confidently navigate the market and find a vehicle that meets both your financial needs and transportation requirements.
If you are thinking about using financing to get a used car loan, Exceed Finance may be able to pre-approve your loan. This would allow you get get out there and buy your car before having a specific one in mind already!
Research and Determine Your Vehicle Needs
One of the first tips for buying a used car in New Zealand is research! By researching the used cars you are interested in, you can ensure you’re making an informed decision and finding a vehicle that meets your needs.
Knowing your needs in getting a used car helps narrow down your options. This can make the buying process less overwhelming. Consider things such as the purpose of the vehicle, if it’s for daily driving or off-road adventures around New Zealand’s country-side.
Additionally, think about any specific features or requirements you may have, like fuel efficiency or interior space. From there, you can start looking at models and makes of used cars you might like.
In recent years, there has been an increasing interest in used electric cars in NZ. If sustainability is important to you, exploring the market for used electric vehicles could be worth considering.
By taking the time to research and determine your vehicle needs before making a decision, you can ensure that you find a used car that can fulfil your needs and goals.
Finding Used Car Sellers and Dealerships
Finding reliable sellers and reputable dealerships highly important. In today’s digital age, there are numerous options available for buyers in New Zealand to explore. From trusted sellers for used cars in NZ to reputable dealerships specializing in pre-owned vehicles, the key lies in identifying the right avenues for your search.
Exceed Finance can get you in contact with some trusted dealerships and sellers, so feel free to contact us if you’d like to know more!
Online marketplaces such as TradeMe have become increasingly popular platforms for buying used cars in New Zealand. These platforms provide a wide range of choices and allow buyers to browse through various listings from the comfort of their own homes. However, it is essential to exercise caution and conduct thorough research before making any purchase.
To ensure a safe and satisfactory transaction, it is advisable to look for trusted sellers who have established themselves as reliable sources within the industry. Look at online reviews and ratings from previous customers as they can provide valuable insights into the reputation and credibility of a seller or dealership.
Inspecting the Used Car's Condition
Another tip for buying a used car is to inspect its condition and history. This can go towards ensure you’re making a wise investment. By following a comprehensive car inspection checklist, you can assess the vehicle’s overall condition and identify any potential issues.
One of the first steps in inspecting a pre-owned vehicle is checking its mileage and service history. This information can provide insights into the car’s usage and maintenance. A high mileage may indicate that the vehicle has been heavily driven, possibly leading to more wear and tear. Conversely, a low mileage may raise suspicions about the accuracy of the odometer reading.
Next, assessing the physical condition of the car is essential. Inspect both the exterior and interior for any signs of damage or irregularities. Look for dents, scratches, rust spots, or mismatched paint that could indicate previous accidents or repairs. Inside the vehicle, check for wear and tear on seats, carpets, dashboard components, as well as any odours that may suggest water damage or neglect.
Additionally, it is advisable to inspect under the hood for any signs of leakage or engine issues. Check fluid levels such as oil and coolant and look out for discoloured fluids or unusual smells. It may also be helpful to have a professional mechanic perform a thorough inspection if you are uncertain about your own abilities.
Finally, consider obtaining a comprehensive vehicle history report from reputable sources. These reports provide detailed information about past ownerships, accident records (if any), title status changes, and more.
Using these tips for buying a used car will help towards ensuring that you are getting a reliable used car that meets your needs while avoiding potential future headaches.
Test Drive and Thoroughly Evaluate the Used Vehicle
Now for one of the biggest tips for buying a used car – taking a test drive! This is an essential step in getting a used car. It allows you to experience firsthand the performance and handling of the vehicle, giving you an idea into its overall condition and suitability for your needs.
During your test drive, pay close attention to how the car responds to acceleration, braking, and steering. If you can, assess its handling capabilities on different road surfaces and varying driving conditions. This will give you an idea of its stability, responsiveness, and overall driving dynamics.
Take note of any unusual noises or vibrations that may indicate potential mechanical issues. Listen for smooth engine operation and ensure that all controls are functioning properly. Testing features such as air conditioning, infotainment systems, and other electronic components can also help gauge their functionality.
By thoroughly evaluating a used car through a test drive, you can make a more informed decision about its reliability and suitability for your specific needs. It allows you to assess not only its performance but also provides an opportunity to connect with the vehicle on a personal level before making a purchase commitment.
Buy a used car today!
Whether you already have a used car you want to buy in mind, or you’d like a pre-approved loan to know what kind of car you can afford, Exceed Finance can help you out!
Exceed Finance connects with various lenders across New Zealand, which allows us the flexability to provide you with a loan that is tailored to suit your needs.
Apply online now to secure yourself an NZ Car Loan!
Alternatively, you can emails us or speak to one of our friendly finance broker experts on 0800 2 EXCEED.
Put these tips for buying a used car to use and get out on the road ASAP!
