Buying a used car is something most of us will do at least once in our lives. It’s a big deal. Here’s 5 tips to help you make sure you’re making the right decision.
Unlike a brand new model, a used car is unlikely to have an absolute fixed price in the window. Sellers will most likely be open to some discussion and consideration. It can’t hurt to ask, and if you get a loan with us then you will have the funds to negotiate an even better price with the seller.
We’re offering a FREE MOTOR CHECK WORTH €35 for every Car Loan approved until the end of February 2020.
2. Check the car
For complete peace of mind, get the vehicle independently checked by a mechanic to avoid any nasty surprises in the future.
Look for visible signs of damage – dents, scrapes and panels or doors not matching up evenly, Broken or cracked lights and marks on bumpers.
Ask about any signs of leaks on the ground around the car. There could be a simple explanation for this, but you should always ask.
You can check if someone else has just bought this car, realised it has a fault and tried to sell it before it costs them any more money. Motortax.ie offer a service by which you can see if the car has changed hands within the last three months.
Finally, we are offering a free Motor Check in collaboration with MotorCheck.ie to the value of €35. Every approved Car Loan for January and February can collect a free MotorCheck voucher. This check includes things like mileage, finance history, write-offs and much more.
3. Research the seller
The internet has brought great change to the way cars are being sold. This is beneficial to both the buyer and the seller. For sellers, it means they can show their products to mass audiences without their need to travel to view each car. As a buyer, you can provisionally assess both the car and the seller from the comfort of your couch. When your satisfied that both are in order, then you can pay a visit.
If buying private or through a car dealer check that the car is not under any existing finance agreement. If it is, the person or dealer trying to sell the car does not actually own the car and does not have the right to sell the car to you. There are companies that keep records of cars subject to hire purchase and PCP agreements, so check if they have details of the car you are looking at. You will be charged a small fee for this service. Also check if a car dealer is SIMI approved, this is The Society of Irish Motor Industry instead of a cowboy dealer.
4. If it looks to good to be true, it probably is
This is a hard fact to take. While searching for your dream car, you stumble across one that’s significantly cheaper than the rest in that bracket. It looks immaculate, the mileage is low, and there’s only one previous owner. While it is difficult to stay calm, you need to ask yourself, why should this be any cheaper than the rest? Does it need a timing belt? Do the photos not show a portion of the car which could have damage?
There could be no issues at all, but with a significant saving there is likely a catch.
Look out for reviews of sellers on these car buying websites. While a couple of negative reviews is normal, a consistency of the same type of issue, or a clear disrespect for their customers, should make you wary of any seller.
5. Take your time
Considering all of the above can take time. But it’s important not to rush such an important process. While you may stumble upon the perfect model, if it’s not the right time it’s better to let it go. Chances are another one will come along soon.
If it is the right time, check out our promotional Car Loans. We’ve got a great rate, and some even better benefits like 24 hour loan approval*, and interest charged on the reducing loan balance. If you’re ready to get started, open up our Loan Calculator. Check your repayments and start your application right away.
*Lending criteria, terms and conditions apply.
|WARNING: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.|