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Technological advancements, especially about the internet, have provided tons of useful information on virtually everything. Whether you are looking for a new car to buy, or your budget is constrained, and you can only afford a used car, you can still find a lot of useful information on the internet on how to land a good deal. But even with all these, there still exist lots of myths and misconceptions about used cars. This article looks at the top 12 myths that are often associated with used cars today.
1. Used cars are not reliable
One thing that is always true is that car companies build their vehicles with proper technology and innovation to make them last longer. The advanced automotive designs, highly innovative engine technologies and other striking machinery can make the car last well over 250,000 kilometers. This shows you how durable cars can be these days.
But most people don’t believe that a used car can be reliable, which is not necessarily true. Various agencies and associates can provide a lot of useful information on the reliability of the car you are eying. By using online surveys, customer satisfaction reports as well as buyer behavior regarding certain brands of cars, these agencies and associates will enable you to know whether or not the used car you want to buy can stand the test of time. But note that how long the car lives depends on several factors, and among them is regular maintenance and servicing.
2. Used cars are gas guzzlers
This is a common myth where most people believe that buying a used car means being able to buy tons of fuel. This isn’t true. Fuel consumption of any vehicle depends on its engine size as well as how it has been maintained. For those used cars with relatively small engines, you don’t expect it to use a lot of fuel as that which has a relatively large engine. The same thing is true with well-maintained vehicles.
From an expert point of view, the overall age of a vehicle plays a very little role in the amount of fuel it uses. On the other hand, its size and how it is maintained determines the amount of money you will spend on fuel when using the used car.
3. Used vehicles do not have any resale value
The resale value of any vehicle has nothing to do with whether or not it has been used. But it has everything to do with how you have maintained it. To keep the resale value of your vehicle relatively high, you have to properly maintain it, servicing it regularly.
After buying a used car, you should maintain it properly if you wish to either sell it or trade it in with another one in the future. And the fact that you will be paying less by purchasing a car that has already been used means that you cannot expect to get a lot from it.
4. You cannot know if a used car has been well maintained
While it might be hard for you to know whether or not a car has been well maintained, engaging the services of a professional can change the whole story. This debunks the myth that one cannot know whether a car is in good condition or not. A mechanic can notice a car that hasn’t had its oil changed, or which has never been brought for regular maintenance.
Read Full Case Study [The True Cost of Putting Off Car Maintenance]
5. You should only buy a used car at the end of the month
Most people believe that buying a used car during the last days of the month will enable them to land a killer deal. Well, this is not true. These people advance the false belief that used car dealers have a quota to meet, and thus will be willing to sell at a loss just to meet a set target. This is not anywhere near the truth. There are instances when sales agents get incentives for meeting targets, but this has nothing to do with the dealer accepting a loss just to help the sales agent get incentives.
6. Be hesitant to mention your trade-in
There are those who are of the idea that by mentioning that you want to trade in, the dealer will want you to pay too much for his used car and he will want to pay less for yours. This can only help increase the amount of time that you will spend at the dealer, as the whole process of trading-in won’t start until the rest of the deal is negotiated.
7. You can trick the dealership into giving you a better deal
Even if you believe yourself to be a good negotiator, your skills will never match those of a dealer. Note that dealers negotiate hundreds of deals each moth, yet you only buy a car one in some years. Put simply, the dealer has more information regarding the car under sale, and thus he will have more control when negotiating.
8. Paying cash is better
Many people still believe in the old saying that “cash is king.” Well, while this saying might be true, it does not hold water when it comes to buying a used car. There are times when the dealer will be willing to accept something else other than the whole cash. If the dealer believes that another deal will make him more money than by cash sale, he might choose the alternative.
9. Coverage is a scam
If you do not understand the details around a warranty, then it might look more like a scam. To save money in the long-run, one has to understand what the warranty covers fully. But also note that dealerships do not just give warranties, of any kind. So if you get one, you should know what is covered and what is not.
10. Buy today or the deal will be gone tomorrow
Sales agents will always want you to believe that the deals are kind of a one-time kind of thing. But this is not the case; used car dealers in San Diego always have better deals every day. If the car you’ve found is in limited supply, then you can follow what the agents tell you. But if you are sure that the brand which you are looking for can be found, then you have no business believing this myth.
11. Online is better
It is true that there are millions of used cars being sold online, but this does not mean that you cannot find them offline. It is impossible to get the best deal of used car if you entirely rely on the internet, given that you might not get the best opportunity for test driving, looking at its exterior and interior and all the other things.
12. Read every word of the contract
This is definitely good advice, but reading every word of the contract might mean that you spend the whole day at the dealership. Reviewing all the numbers in the contract might be all you need to have a nice car that will suit your needs.
It is always good to interrogate any myth that you hear out there before believing it. This article has tried to debunk some of the most common myths that millions of people believe in around the world.
Lisa Mitchell is a San Diego based Auto Financing blogger with many year of experience covered with Car sell/buy in San Diego, Financing and trading Autos. She has started her carrier from Auto City in 2010. Auto City only offers the highest-quality used cars for sale at extremely competitive prices. That special combination of quality and affordability adds up to one thing – real value to you, the customer.