Are you thinking about buying a new (to you) vehicle? While buying pre-owned will save you money and help you avoid some depreciation, you’ll need to take a bit of precaution to ensure you won’t end up with buyer’s remorse. 

Asking the following six questions before you sign on the dotted line will help you make sure you’re getting a great deal you deserve. 

1. Where Did This Car Come From?

Before you purchase a pre-owned vehicle, you’ll want to know where it came from. A vehicle that had a single owner, was traded directly to the dealership, and has received all of its maintenance there may be a better bet than one that was purchased from an auction and may not have a complete history on file. 

2. Can I See the CarFax? 

Sometimes a vehicle can look great, but it has a dark past. A CarFax report will help you learn about the history of the vehicle you’re considering. If it’s been in an accident, a flood, or has had any other major issues, the report will let you know. Often, dealerships will provide this report for free, so make sure you ask! 

3. What’s the Warranty Coverage?

If you’re purchasing a certified previously-owned vehicle, it may come with a manufacturer’s warranty. In this case, you’ll want to know about what’s included, what’s excluded, and how long the coverage lasts. Also ask if there are any fees or deductibles you need to know about. 

If the vehicle doesn’t come with a manufacturer’s warranty, you may still be able to purchase an extended warranty. Ask the dealer about your options. 

4. What’s the Life Expectancy on These Tires?

New tires are expensive, typically ranging from $80 to $250 each. Before you buy a previously-owned vehicle, make sure you check the tires. You’ll want to make sure they’re the right size for the vehicle and that they’re in good condition.

Ask the dealer how much longer you can expect them to last and make sure you add replacement costs into your budget. While you’re at it, now is a great time to check and make sure the vehicle has a spare tire and a jack. 

5. How Much Will Long-Term Maintenance Cost Me?

You might get a great deal on the vehicle you’re considering, but it won’t do you any good if you can’t afford it for the long-term. Make sure you find out what the ongoing maintenance will cost you, especially if you’re considering a vehicle like a Porsche or a BMW. 

6. What Are My All-In Costs?

When you buy a car, you need to worry about more than just your monthly payment. To make sure you’re getting a good deal, you’ll want to find out about your interest rate and the fees that will be added to the purchase price. This could include:

  • Administration fees
  • Documentation (Doc) fees
  • Dealership fees
  • Title transfer fees
  • Notary fees

Before you make the final commitment, it’s also a good idea to reach out to your insurance company and find out how much it will cost you to insure your new vehicle. 

Only when you truly understand your all-in costs can you be sure that you can truly afford the vehicle before you make the commitment. 

Let Us Help You Find Your Next Vehicle 

Are you looking for a previously owned vehicle? We can help! Stop by our dealership and check out our extensive used vehicle inventory. We’ll answer all of your questions and help make sure you choose the best option for your needs.