Work Out The Value Of A Second Hand Car.

During your search for a used car, it is vital that you do your homework and make

sure the car you want to buy isn't over-priced given its condition and features. You have to be careful to avoid being taken for a ride, even if the car you are looking at has all the features you desire. The tips and tricks below are designed to help you ensure that you don't pay too much for the car you want.

1. You have to do you Homework.

If you have a particular make and model of car in mind, its important to research that particular type of car thoroughly. You need to know the cost of that car if you were to buy it as new. You will need to determine how easy or hard it will be to find replacement parts for your chosen vehicle and whether or not that make and model is still produced. Shopping around at dealerships and online can help you compare the prices of cars of the same type that are roughly the same age. If the price of your chosen car is substantially lower than similar cars on the market, something is quite possibly wrong with it. It could end up costing a lot more in the long run. If you think the car is over-priced compared to other examples you've looked at, simply as the seller why he priced it the way he did.

2. The Value of a Car Decreases as it Ages.

New cars lose their value rapidly; a 3 year old car is 30% less valuable than it was when it was first purchased and after 5 years its value may have declined by a further 35% from the original purchase price. Using the price you researched in step 1, you can use these figures as a rough guide to estimate the value of a used car.

3. Use a Third-Party Expert for Extra Info.

Car Fax provides great historical data on used cars. Their service gives you access to historical information and data about the type of car you have decided to purchase. You'll be able to see safety information about the car you have selected and Car Fax can provide insurance data also.

Kelly Blue Book is an incredibly thorough listing of values for used cars. They have loads and loads of used car listing which might be useful for you when comparing values.

4. Inspecting the Car with a Mechanic.

When valuing a second hand car, you obviously need to consider its mechanical condition. The most important thing is that the car is in a sound mechanical condition, so if you aren't confident that you can assess this, have a mechanic come along to give his professional opinion on the asking price. Unfortunately its not uncommon for used car sellers to try and pass of a faulty car as being in a sound condition. Don't let sellers like these rip you off. If you can find a dealer with a happy client base and a great reputation, you won't have too much trouble. Ask the advice of friends and family; they've all been in your position and their advice in evaluating a car dealership can be invaluable.

by: Marvin Hauser

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