This guide offers an insight on misconceptions about used cars. Buying a used car might not go well with certain people. However, used car buying has greatly changed over a couple of decades and many of the myths surrounding the industry are a thing of the past.
First order on the myths about used cars is most people think you’ve got to pay cash to get a better deal. An old saying goes ‘Cash is King’ isn’t entirely false, but it Is totally absurd in the used car industry. A dealer often gets better incentives if a customer chooses to finance a car, rather than pay cash for it. Furthermore, if a customer pays cash, that means the dealer has to offer more discounts or rebates to make a transaction stick. In other words, the dealer makes less profits whenever a customer pays cash.
For a customer, it is advisable to weigh all options as a best price doesn’t mean the best deal. You should factor in the car’s mileage and repairs when looking for a best price. The other thing is when it comes to financing, you should always compared it against your own budget.
1. A used car? Something must be wrong with the car
People who visit a used car dealership are often primed to be on the defensive, afraid you’re going to take their money and sell them a defective car.
Something must be wrong with it or it wouldn’t be for sale. The fact is, people change cars for many reasons. The reasons could be they’re upgrading to a better ride, they need a bigger car for a family, they’re cash strapped and need immediate liquidation, they’re moving to another state or country, etcetera.
2. You should buy it now or the deal’s off
It’s true in some ways,but depending on the make/ model you’re looking for. For hot selling models, the deal might require swift-action, or you’d miss it. However, in-demand models usually get replenish fairly quick so if you’re diligent, you’ll get another deal in a few days or the following week; probably at a better price. All you have to do is leave your details with the dealer and they’ll keep you on the priority list.
3. No warranty or related service matters
Warranty or service matters have to be taken seriously. It is a requirement to understand how warranty or service matters work. Knowing how warranty works could save you a lot of money in a long run.
Used car dealers do not offer warranty, generally. But, it is common these days that dealers provide up to a year’s warranty. It’s really up to the dealer or a company’s policy.
4. Used Cars Guzzle Fuel
This myth is common in the 70s or 80s. Fast forward to present time, well-maintained pre-owned cars do not consume fuel like a rocket. The amount of fuel your car consumes depends on how big the engine is and how well it is maintained. These days, a lot of cars come with engines which offer better mileage, efficiency and all that. As mentioned above, a lot of cars sold in used car dealerships are in good condition. However, to ensure they remain fuel-efficient, you need to change the oil, check the spark plugs and PVC oil, and keep them fresh.
5. Sell your car with a Total-peace-of-mind
At myTukar, we ensure all cars sold to us go through a thorough 158-point check from the hood to the tail end, bottom to the top.
As the fastest growing used car selling platform and advocate in the industry, myTukar offers a complete solution for sellers from easy registration to paying sellers in full within 24 hours, and everything else in between. We even offer you a 25% above market value for your car!*
Thinking of selling your used car? No time to visit dealerships to get a quote? Worry not, sell your car at myTukar.com and let’s us take care of everything for you! Call us at 03-5569 0999.
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