Tips I Learned from GWC Warranty about Buying Used Cars

Buying a car can be one of the biggest purchases a person will make in their lifetime. Buying a used car, in particular, can require some extra work to ensure that you’re getting the best deal and not stepping into a lemon.

If you’re in the market for a used car, GWC Warranty can help you like it helped me with my search.  I didn’t know the first thing to look for when purchasing a used car, but GWC Warranty helped point me in the right direction and gave me some great tips that I’d like to share with everyone.

So without further ado, here are the best used-car buying tips that I learned from GWC Warranty.

Set your budget

Before figuring out what car you’d like specifically, it’s important to determine your budget and know how much you have to spend on your vehicle. Take a few moments to sit down and plan out your monthly budget so that you can get a better idea of what vehicles you can realistically afford. Don’t just take into account the upfront costs of purchasing the vehicle. Maintenance, fuel and repairs are all factors to take into consideration when creating your budget. Buying a vehicle service contract for your used car can also be a good idea so that you don’t have to worry about unexpected repairs down the road. Purchasing a used vehicle service contract can give you peace of mind and prevent a major repair from crippling your bank account.

Narrow your focus

If you can narrow down your search to just a few different types of cars that you like and that fit your budget, it can go a long way in making your search easier. Once you have a handful of vehicles that you like picked out, it will be easier to do the proper research you need to do and gather the correct information.

Do your research

Speaking of research, once you’ve figured out what cars you’re interested in, be sure to do your due diligence in terms of researching all possible discounts and deals available for the used car you’re buying, as well as all of the prices for the vehicle (invoice price, wholesale price, and MSRP).

Calculate ownership costs

The cost of a car doesn’t stop at the dealership. It’s is crucial to figure out what the car you’re purchasing will cost you in the long run. Some vehicles cost more to repair than others and some guzzle gas while others are more fuel-efficient. On top of your monthly vehicle and insurance payment, calculate the amount you’ll need for gas and maintenance. Once again, keep in mind the option of purchasing a used vehicle service contract like the ones offered at GWC Warranty. A car’s maintenance cost can be significantly reduced if you buy a vehicle service contract to cover unexpected repairs.

Take time to test drive

Once you feel like you’re pretty much ready to buy, take the time to test drive each vehicle that you’re looking at. Compare and contrast each option and make an educated assessment from there.