The Used Car Finance Buyer’s Checklist February 27, 2020

Car finance for used cars is an excellent way of finding a great deal on a high quality vehicle, and avoiding any difficult or stressful large cash payments.

There are a few factors to consider when looking for your next used car. Read more about finding a used car that gets the very most out of your car finance.

What Should My Requirements for a Used Car Be?

No deposit car finance enables used car buyers to find a better, safer, and more reliable car without the burden of handing over their savings on upfront cash purchase. One of the greatest benefits of choosing to buy a car on finance is being able to be a little more selective about the vehicles you consider, and having the freedom to consider what you really want from your car.

Consider how much you will be driving the vehicle — if you need it for the daily commute, or for long-distance trips on the weekends, then add Vehicle Economy to your list of necessities in order to cut down on petrol costs.

Safety should, of course, be a top priority on any used car finance buyer’s list.

If you have a family, then space should definitely be a concern. If you live in a built-up environment, or need to park in the middle of a busy city, then something compact and easy-to-maneuver will make life much easier.

How Many Miles on a Used Car is Excessive?

Depending on your requirements, car finance repayments will take place over one to seven years, and driving around in a car that already suffers from excessive mileage could cause problems down the line.

Look at vehicles that have driven around 12,000 miles a year. A three year old car should be expected to have 36,000 miles — significantly more than that, and you should assume that the car has gone through considerable wear and tear.

How Do You Know if a Used Car is in Good Condition?

If you are using car finance, then you will be choosing your car from reliable car dealerships, who will have already serviced and made note of any damage before you view it.

If you want to make doubly certain, then check the exterior for bumps, scratches, signs of major repair work, and rust. Take a look at the upholstery, and that any electronics and gadgets are working as they should be.

How Do You Know if a Used Car Has Good Fuel Economy?

A used car with a relatively low asking price is not necessarily cheap to run, and may end up costing you more on fuel. And since car finance enables you to keep the cost of buying a used car manageable, it would be a shame to invest in a vehicle that breaks the bank each time you pull into the petrol-station forecourt.

General wear and tear can have a negative impact on a car’s fuel efficiency, so it’s not always accurate to look at the manufacturer’s specifications when buying second hand.

Worn tyres, sparkplugs, and ignition coils all impact a car’s fuel efficiency.

When is the Best Time to Buy a Used Car?

At certain points in the year, you may find it easier to track down deals and reductions from car dealerships, which will bring down the cost of your car finance monthly payments.

At the end of a quarterly sales period, some dealerships will make prices more attractive in order to meet with sales targets. The end of March, June, September and, in particular, December — when car sales are typically at their lowest — are great times to find a good deal.

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