6 Misconceptions About Used Cars

When it comes to buying a used car, a lot of people worry about what problems and issues could come with the car they are considering. They worry that the car they want will not live up to their expectations, and that they will later come to regret being stuck with it. The hope is to find the one vehicle that will not end up being a money pit a few hundred miles after it’s bought. Buying a used car does take a bit of research before you make a purchase. However, it can be a very sound purchase when you make an educated choice as to what vehicle to go with. Here are some of the most common misconceptions surrounding the purchase of a used car, and what you need to know to protect yourself.

1. All Used Cars Have Problems, Which Is Why They Are Being Sold

While there are some people who do sell their cars when they start to have problems, most people don’t. The majority of people sell their cars for much simpler reasons. For example, when a child begins to drive on their own, a smaller vehicle is often a better choice. When a family gets larger, a bigger vehicle is often necessary. Some people like to buy a new vehicle every few years, so they simply sell or trade-in their old vehicle to reduce the cost of their new vehicle.

Just because an older car is for sale, it doesn’t mean it has been in an accident or that it was not maintained properly. Talk to the person selling the car to find out the reason behind the sale. If they say that it had all the proper maintenance, ask for the records and receipts to show it. That way, you get the peace of mind that comes with buying a well-maintained vehicle.

2. The Background of Used Cars is a Complete Unknown

Many people worry about buying a used car because they do not know its history. What if this car was involved in a crash sometime in the past, or perhaps it got flooded? How in the world is a used car buyer supposed to know the background of the car they plan to buy? Luckily, in today’s market, you have the option of getting a report on the vehicle; with Carfax being the most well-known company providing that service.

What you do is put the vehicle identification number (VIN) into the system and pull up a report of every time that vehicle was involved in anything that might generate a report. It could be an accident report, or it could be a report that was created for work done on the vehicle. Floods, fires, fender benders, and maintenance can all come up on a vehicle report. So, if you want to find out what happened in a vehicle’s past life, consider getting one of these reports to soothe your mind.

3. A New Car Would Be a Better Monetary Investment Than a Used Car

This is one of the most common misconceptions out there. The truth is, the very second that brand-new car leaves the dealer’s car lot, it depreciates. It does not depreciate by a tiny bit, either. Your car loses as much as one-third of its value the second it leaves the dealer’s property. So, your $30,000 car is now worth approximately $20,000 in less than a minute. That right there can make a used car a much better value. If your car is worth $10,000, and you pay $10,000 for it, you got your vehicle at a good price. Over the next year, with good care and maintenance, you may lose 5% of what your vehicle was worth. That means that over a year, you lose significantly less money on the value of a used car over the value of a new one.

4. Used Cars Need to Have More Insurance Coverage

Many used car buyers worry about having to have more insurance coverage to help them be prepared for the what-ifs of a used car. Insurance premiums are determined by a few different factors; the age of the vehicle, where you live, how many policies you have with your insurance company, and the history of the vehicle all play a part in the price. Some even worry that things like adding a roadside assistance plan to a used car policy will be expensive, however, the cost of adding roadside assistance is often less than $50 per year.

5. New Cars Will Have Many More Features

This misconception totally depends on the vehicle you plan to buy. If you are buying the base model of a new car, the features you may want probably won’t be there. However, if you buy a top of the line used car, the features it has will likely be more prevalent than the base model new car. You need to decide what operational, safety and luxury features are must-have items for you. Then, look for vehicles with those features first. That way, you get the features you want, without having to pay the higher price of a new vehicle.

6. Used Cars Are Totally Unsafe

This, again, depends on the vehicle you choose. Each car has specific things about it that either make it safer or not as safe. Look at the features you want in terms of safety, and find vehicles with those features. Much like the features you can look for that make the vehicle more enjoyable to drive, safety features are all over the place. Many safety features are required, but some are still optional. Figure out which ones you need most, then look for vehicles that have those items already installed.

Buying a used car does not have to make you nervous. All you need to do is make sure you have done your homework prior to starting the process. Look up what things you want and need, then search for a vehicle that matches, instead of doing it the other way around.

At Eden Autos, we are committed to providing every customer with peace of mind and confidence that they are getting a dependable pre-owned vehicle. Every car and truck in our inventory comes with a 5-day unconditional money-back guarantee, a Carfax Report, and a 3-month or 4,500-mile bumper-to-bumper warrantee. We are conveniently located in on Roosevelt Blvd. in Northeast Philadelphia, and our professional staff is always available to help you find the best vehicle for your needs, with affordable financing that’s within your budget.