Purchasing a Preowned Car: What to Look For
Buying a preowned car can be a smart financial decision, but it’s essential to do your homework to ensure you’re getting a good deal and a reliable vehicle. One valuable tool in this process is the Kelley Blue Book (KBB), which provides fair market prices for used cars. Here’s how to use KBB and six tips on what to look for when buying a preowned car, along with four tips on checking service records and the Carfax report.
- Using Kelley Blue Book (KBB)
Kelley Blue Book is a trusted resource for determining the fair market value of a used car. To use KBB, follow these steps:
– Visit the KBB website at kbb.com or download the KBB app.
– Enter the make, model, year, and mileage of the car you’re interested in.
– Select the car’s condition (excellent, good, fair, or poor).
– KBB will provide you with the fair market value of the car, which can help you negotiate a fair price with the seller.
- Inspect the Exterior and Interior
When buying a preowned car, it’s crucial to inspect both the exterior and interior for any signs of damage or wear. Look for:
– Dents, scratches, or rust on the exterior.
– Tears, stains, or odors in the interior.
– Signs of water damage, such as mold or mildew.
- Check the Engine and Undercarriage
The engine and undercarriage are essential components of a car’s performance and safety. When inspecting these areas, look for:
– Leaks or stains under the car.
– Rust or corrosion on the engine and exhaust system.
– Signs of wear or damage to belts, hoses, and other engine components.
- Test Drive the Car
A test drive is an essential step in the car-buying process. During the test drive, pay attention to:
– How the car handles and accelerates.
– Any unusual noises or vibrations.
– The responsiveness of the brakes and steering.
- Check the Service Records
Before purchasing a preowned car, it’s essential to review the vehicle’s service records. This information can give you insight into the car’s maintenance history and help you identify any potential issues. When reviewing service records, look for:
– Regular maintenance, such as oil changes and tire rotations.
– Any major repairs or replacements, such as a new transmission or engine rebuild.
– Any recurring issues that may indicate a larger problem.
- Get a Carfax Report
A Carfax report is a comprehensive vehicle history report that provides information about a car’s ownership, accident history, and more. To get a Carfax report, follow these steps:
– Ask the seller for the car’s Vehicle Identification Number (VIN).
– Visit the Carfax website and enter the VIN.
– Carfax will provide you with a detailed report that includes information about the car’s title history, accident history, and more.
By following these tips and using resources like Kelley Blue Book and Carfax, you can make an informed decision when purchasing a preowned car. Remember to take your time, do your research, and thoroughly inspect the car before making a final decision.
