Buying a used car from a dealer: things to bear in mind
There are certain differences between buying a used car from a private seller and buying a used car from a dealer. This article gives you an idea of the main differences and some things to bear in mind if you decide to go for the dealership option.
Is it better to buy a used car from a dealer?
While both methods of buying used cars have their advantages and disadvantages, one thing is for sure – that buying a used car from a dealer provides more security and peace of mind to the buyer. Dealers offer warranty cover for their used cars, which means you don’t need to worry about forking out if something goes wrong with the car within the warranty period.
Car dealerships also often offer finance options. This makes the possibility of buying the car you want within reach. Buying schemes including hire purchase and PCP give you options on how and how long to pay for your car.
Another benefit of buying a car from a dealer is that the car is more likely to have been checked for defects and issues before you buy it.
What to be aware of when buying a used car from a dealer
While there are lots of benefits to buying a used car from a dealer, there are several things to be aware of before handing over your cash.
Part exchanging is not always cost-effective
One of the questions people ask a car dealer when buying a used car is whether they offer part exchange deals. Before accepting a part-exchange deal, make sure you know the value of your car.
Dealerships will more often than not value your vehicle as lower than its worth, so if you’re aware of the value of your car before you arrive at the dealership, you’ll be more confident about accepting or declining the offer.
Many people do opt for the part-exchange deal even if they get less back for their old car because it does carry some benefits like convenience and efficiency.
Other finance options are available
It might be tempting to accept the finance offer your dealership makes because it makes it more possible to buy your dream car. But buying with finance is a big decision and one not to be taken lightly. Do your research ahead of time to make sure you’re getting the right deal.
You should take the car for a test drive
It’s worth bearing in mind that most dealerships will let you take a used car out on a test drive. So don’t pass up on this opportunity to see how the car functions.
You might be able to bring the price down when buying a used car from a dealer
You may be able to negotiate the price of a car at a dealership. Maybe you’ve seen a better deal somewhere else. See if the dealer can match it. Don’t be afraid to be bold.
You are protected by law when buying a used car from a dealer
Buying a used car from a dealer means you’re covered by the Consumer Rights Act 2015. So you have much more protection than if you buy the car from a private seller. If you buy a car you find to be faulty, you’re entitled to a full refund within 30 days of purchase.
There are different types of dealerships
Many people aren’t aware that there are different types of dealerships out there. You’ll come across what’s referred to as franchise dealers and independent dealers. Franchise dealers sell cars for the manufacturers, whereas independent dealers sell cars they buy from auctions or private sellers.
Now you know some things to bear in mind when buying a used car from a dealer, browse hundreds of deals through our partners to find your next car.
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