Due to the global economic situation, the prices of products and services today are much more expensive than before, and the price of new cars is no exception.
Several factors have influenced the price of new cars to skyrocket, including:
- Chip shortage: The pandemic has caused a global shortage of chips, including chips used to make cars, which has reduced the production capacity of new car makers and increased prices.
- Inventory shortages: The pandemic has also impacted the global supply chain. Fewer automotive parts are now available to build vehicles, which has caused inventory shortages at new-vehicle dealerships, increasing demand and prices.
- Increased demand for new cars: After mobility restrictions were lifted in some countries, demand for new cars has increased as many buyers prefer to own their vehicle instead of using public transport, which has raised prices.
- Production costs: The increase in production costs due to the rise in the costs of materials (due to their shortage) and labor has also contributed to the rise in prices.
These are the main reasons why new car prices have skyrocketed globally, leading many people to see used vehicles as an alternative to solve their mobility needs.
Hoping for a good return, many used car owners are taking better care of their vehicles, which is why today you can find very good second-hand options on the market.
Therefore, if you are looking to buy a used car right now, the following recommendations to identify one that is in good condition can be very useful:
It is important to know the vehicle’s history, as it will allow you to make an informed decision about purchasing the car. A car that has had multiple owners or has been in several accidents may have more wear and tear and mechanical problems. Not to mention, you could run into legal problems or embargoes, which would be even more damaging.
Mechanical inspection
Before buying a used car, it is advisable to have its mechanical system completely inspected by a trusted mechanic or in a specialized workshop.
The mechanical inspection helps detect any problems in the vehicle, such as mechanical failures, oil leaks, and brake problems, among others. This will allow you to make an informed decision about purchasing the car. Some of the aspects that are checked for goodness in the mechanical inspection are the suspension, brakes, steering, transmission, engine, and electrical system.
Mileage
It is essential to know the vehicle’s mileage, how much it has been used, and how much life it has left. A car with high mileage may have more wear on its components and require more maintenance.
However, it is also important to keep in mind that some vehicles have been well maintained and can have high mileage without presenting mechanical problems. The important thing is to know the vehicle’s maintenance history to determine if it has been well cared for over the years.
Car Interior
Checking the vehicle’s interior can help you detect if the car has been neglected or abused.
Broken seats, stains on the roof, worn pedals, or a bad smell can be signs that the vehicle has not been well cared for. It is also essential to check that all interior components, such as lights, air conditioning, and radio controls, are working correctly.
Driving test
A test drive is essential before purchasing a used car. This will allow you to feel the car and hear any strange noises. Additionally, you can check if the steering, brakes, and suspension systems are in good condition.
During the test drive, it is vital to pay attention to how the vehicle feels when braking, accelerating, turning, and driving under different road conditions. If you feel something is wrong, tell the seller or consider looking for another vehicle.
Body inspection
It is important to check the vehicle’s body for rust, dents, scratches, and any other damage that could affect its value or function. It is also important to check that doors and windows open and close properly.
Paper verification
Before buying a used car, it is important to verify that all the papers are in order and that the seller has all the necessary documents, such as the title of ownership and proof of tax payment.
It is also advisable to check if there are pending fines or debts at the Mobility Secretariat, the country’s National Transit Agency, or another entity.
Tire or rim inspection
Inspecting the tires is vital to verify that they are in good condition and not worn or damaged. Uneven tire wear can be a sign that the vehicle has alignment or suspension problems.
Additionally, it is important to check the tire pressure and ensure that the tires are the correct size and model for the vehicle.
If you are thinking about purchasing a used car, consider these key factors to make an informed decision and achieve the greatest cost/benefit from your investment.
This way you can rest assured that you will make the best decision for your mobility and your pocket. Following these recommendations, you’ll be well-equipped to find a reliable used car that meets your needs and budget.
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