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Conduct due diligence before making your final decision
Whether buying a used car from a dealership or private owner, most of us get overwhelmed in making a big purchase. Besides, available information on used cars can be daunting to buyers. Here's your used car buying tips:
Initially, know the price level from a dealership or private owner. Although a car bought from a dealership will have retail value, carry a warranty and is reconditioned, its price will be 20% higher than that from a private owner.
Check the year model, vehicle make, options, mileage, among others. Check whether the body is not damaged and that includes dents. Loose screws may indicate prior repairs. Also, closely inspect the car to ensure the interiors are not rusted.
With a thin dipstick, check the engine oil. If it has a creamy consistency akin to mayonnaise, then you may want to walk away from buying that vehicle.
Three important dash lights must turn on and off when you start the car: engine, ABS and air bag. If these do not work, the vehicle has been tampered with and your safety is at risk.
By gathering information, you can determine the value of the vehicle that might increase with a minor upgrade such as a car stereo, or decrease with an accident. To make sure you are on the right track, know the local market and current resale value of the vehicle.
According to data, Nissan Altima, Honda Civic and Toyota Corolla are the vehicles that have high resale value in the UAE.
Handy Used Car Buying Tips
• Check the vehicle for dents, loose screws and rust
• Know the local market for current car resale value
• Vehicles from a dealership command higher prices
Source: Anitha Lakshminarayanan, Special to ClassifiedsThe writer is a freelancer