Common Mistakes to Avoid When Buying a Used Car
As one of the top used car dealers in Nashville TN, we at Franklin Motor Company want to ensure our customers have all the information they need to make an informed decision when purchasing a pre-owned vehicle. Here are some of the most common mistakes people make when buying a used car, as well as tips to avoid them.
Not Getting a Vehicle History Report
One of the first things any smart car buyer does is obtain a vehicle history report. This report will show you if the car has ever been in an accident, suffered flood or fire damage, or has any other issues in its past. Not getting this report could result in you purchasing a car with expensive hidden problems. Reputable used car dealers like Franklin Motor Company always provide free vehicle history reports so you know the full background of the car you're interested in.
Failing to Check for Recalls
All vehicles are subject to recalls at some point for safety issues. Before you finalize any used car purchase, take 10 minutes to check the vehicle's VIN number on the National Highway Traffic Safety Administration website for open recalls. This is an important safety step. Dealing with a reputable dealer also helps - we ensure any vehicles we sell have had any necessary recall work completed before being placed for sale.
Not Inspecting Thoroughly
Go beyond just a test drive when examining a used vehicle. Pop the hood and take a look at engine components for signs of leaks or other issues. Check undercarriage for rust. Inspect brake pads, rotors, and other components. Reputable dealers like us perform thorough inspections on all inventory and can address any issues found before sale. But it's still wise for buyers to conduct their own inspection as well. A pre-purchase inspection at an auto shop is also recommended.
Not Negotiating the Price
Many used car buyers fail to negotiate the listed sales price. While internet listings show firm prices, most dealers are willing to negotiate - especially for cash buyers with financing already secured. Do your research to determine fair market value based on factors like mileage and vehicle condition. Then make a reasonable offer below the asking price. Reputable dealers like Franklin Motor Company want to work with customers to find a deal that makes everyone happy. Negotiating is an expected part of any major purchase.
Not Considering Financing Options
If you need auto financing, make sure to compare loan rates and terms from multiple lenders - not just the dealer. Credit unions often offer the best rates. Get pre-approved so you can negotiate using an outside financing offer. Reputable dealers also work with many lenders and may be able to get you better terms. Let us know if you need help securing the right loan to purchase your next used car.
Relying on Dealer Promises Alone
No matter how reputable the dealer, get any verbal promises in writing. Have the service department commit to needed repairs or maintenance in writing before purchase. Make sure warranty details are clearly spelled out. Reputable dealers stand behind their vehicles and will have no problem putting commitments on paper. But verbal assurances alone leave room for misunderstandings down the road. Get it in ink to be sure.
In conclusion, doing research, thorough inspection, negotiating, considering financing options carefully, and getting commitments in writing are key steps when purchasing a used vehicle from any dealer. Here at Franklin Motor Company, our mission is to make the process easy and ensure our customers are fully informed. We hope these tips help you avoid common mistakes when buying your next used car from the Nashville area's best used car dealer.
