Americans buy used cars three times more than new cars, which is evident in the sales numbers of 2017. People bought 39.2 used cars and only 17.14 new cars that year. In 2018, Florida ranked second with 1.3 million vehicles sold of the total car sales.
Home to Universal Studios, Orlando gets over 60 million visitors each year. In other words, Orlando is the highest visited place in the world. The area has a population of 2,038,000, and most of them own a car. Therefore, a used car for sale in Orlando is not unusual, and you should consider it if you want something economical.
That said, most people rush and purchase the first used car they come across. It can be a grave mistake. If you want to avoid errors when looking for a used car in Orlando, here is the information.
Not Deciding What You Need
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Your car needs can differ from others. And not analyzing your priorities and usage can do more harm than good. So know the purpose of your vehicle. Do you want it to commute to work, do some heavy lifting in it, or take the kids to school and run errands?
The type of car you choose depends on its use. A sedan is no good for someone who needs to carry large items in their vehicle, and a truck is useless if you have a large family.
Not Going To A Dealership
In Orlando, used car sales account for about 66.8% of the industry revenue, and dealers represent approximately 83.4% of the industry. While private purchases are significant, not going to a dealership can eliminate a lot of great opportunities. You may be able to contact only so many private sellers, but visiting a single dealership can increase your choices manifold. So, keep your options open and visit a dealership.
Not Lining Up Finances Before Shopping
Used car financing can be a little costly compared to new cars because of less resale value. Not everyone can pay cash, even for a used car. Therefore, it is best to line up your finances before shopping. Check with different financiers because rates differ from one lender to another. Ensuring that your loan approval is in hand can help you stay on track about the price of the vehicle.
Considering Only Low Monthly Payments
Monthly payments may seem low, but if the loan extends for an extended period, you may end up paying more than you planned. Due to the compounding effect, your interest will continue to multiply, and your banker will make more money out of you. Therefore, in the case of a car loan, it is best to go with the highest monthly payment you can afford and complete the loan as early as you can.
Not Test Driving The Vehicle
The biggest blunder you can make when purchasing a used car is not test-driving it. About 16% of buyers forgo test driving options and end up having buyer’s remorse. Since the vehicle has already been driven, only driving shows up the issues with the car. Even if your mechanic has inspected the car in and out, you should give it a spin around the block to ensure that it is what the owner says it is.
Not Getting It Inspected By A Professional
Orlando is buzzing with tourists from around the globe; there are bound to be people out to make an easy buck. It would be better if you avoided such tactics. So make sure that you do not forgo a professional inspection of the car you plan to buy. For example, if you are looking for a Kia car, a trained technician can be most helpful. A reliable dealership would have already inspected it, but you need to check it when making a private purchase.
Not Running A Vehicle History Report
A vehicle history report checks the car’s previous owners, any accidents, and its problems. You can run the report on CARFAX or AutoCheck. It is critical to know a car’s history because it helps you avoid vehicles that have a colorful past. Since the used car market is highly fragmented, a thorough report can help you make the right decision.
Buying a used car for sale in Orlando is a big decision. A used vehicle offers many advantages, such as huge savings, low insurance premiums, certified vehicles, and your contribution to save a car from going to a landfill. However, it takes thoughtful planning and research before you buy a car you like. Avoid the above mentioned mistakes, and you can make the most of your new vehicle.