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October 22, 2015

How to Overcome Your Fear of Buying a Used Car

Have you thought that the idea of buying a used car is a good one because of its lower cost compared to a new car? But are you also nervous and worried that a used car is too risky, that it’s too easy to purchase a “lemon” of a used car?

If so, continue reading, as we offer tips to help you get over your used-car-buying fear. We also dispel some misconceptions people tend to have about used cars.

  • “I’m just going to be buying someone else’s problems.”

While used cars are….used, many of them are in great shape. In fact, if purchasing from a used-car dealer, there’s an excellent chance the dealership has cleaned, tuned and fixed any issues the car may have had when it arrived on the lot. Many used car dealers also provide new tires for the car and offer some type of limited warranty or even an extended warranty you could purchase.

While an individual selling his or her used car (known as a “private party seller”) may try to gloss over or out-and-out lie about the condition of the car, you can do two things when buying a used car from an individual:

  1. Have the car inspected by your own mechanic.
  2. Take note of the car’s Vehicle Identification Number (VIN) and purchase the car’s history via a service such as CarFax.
  • “Used cars usually are 10 years or older and have $100,000 miles on them.”

Actually, a great many used cars on dealership lots are about three or four years old (late model) and have between 35,000-50,000 miles on the odometer, thus making them great buys: the cars are still relatively new and have low mileage, allowing the purchaser to use the car for many more years and/or miles, but saving considerably on the purchase price.

  • “I won’t be able to find a luxury car.”

Not to worry, late-model, low-mileage luxury cars are readily available on a used-car lot. Many even come with limited or extended warranties (from the dealership), are clean and shiny, and have been inspected and repaired as needed.

  • My friends and family will think less of me/think I’m cheap/think that I can’t afford a decent car.”

While we can’t control your friends’ and family members’ thoughts, consider that they may actually admire your financial savvy because used cars truly are a smart financial move (brand-new cars depreciate by a considerable amount compared to their purchase price).

In addition, as mentioned above, used cars can be luxury as well as economy models, and all types in between. They often have been refurbished, have new tires and are in excellent shape.

In short, buying a used car is a very smart financial move and can provide you with an affordable and stylish ride for years to come.

If you’re looking for a great affordable car, we hope you’ll take a look at the used cars we sell here at PAACO. Visit the PAACO location nearest you and talk to one of our finance experts/sales professionals.  Give us a call at 877-810-4555 for more information.

Image courtesy of Dundee Photographics/FreeDigitalPhotos.

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