What to look for when buying a pre-owned vehicle

In today’s automotive landscape, where living costs soar, interest rates wobble, and fuel prices reach dizzying heights, it’s time for consumers to steer toward cost-effective options. Enter the world of pre-owned vehicles!

When it comes to choosing the perfect pre-owned ride, knowledge is horsepower. So buckle up and take notes on what to look out for!

First and foremost, you’ve got to dig into the car’s history like a pro detective. Find out everything you can about the ride you fancy. The number of previous owners, the total mileage it’s clocked, its age, any accident history, and, of course, its service history. All these puzzle pieces will create a comprehensive profile of the vehicle and keep you away from potential lemons.

Next up, let’s talk about value, baby! Assessing a pre-owned car’s market value is crucial before you rev up your negotiation skills. The age, mileage, service and ownership history—all these factors kick into gear when determining the ride’s price tag. A well-maintained three-year-old car with a single owner and a clean service history is like gold dust, while a similar one lacking proper care might leave you stranded in a cloud of smoke.

Here’s where WesBank’s pit crew jumps in to offer a smooth ride. They recommend striking deals with reputable, approved dealers—preferably the ones with National Automobile Dealers’ Association (NADA) and bank approval. These top-tier dealers come with a warranty of reliable information about a vehicle’s history and excellent aftersales support. No more blind purchases, no more breakdown blues!

But, as the speed demons say, “Caution ahead!” If you come across a ride suspiciously underpriced, don’t hit the gas pedal just yet. It might be hiding more skeletons than a haunted mansion. High mileage for the year, accident damage, or a history of mechanical troubles—these are just some of the grim possibilities you might encounter.

Oh, and watch out for the dreaded “code 3” label. If a car carries this scarlet letter, it means it’s either “permanently unfit for use” or has a shady history of being stolen and recovered. WesBank steers clear of financing such rides, and you should too!

Wise racers always bring a mechanic buddy along for the ride. Have an expert examine the vehicle’s condition and take it for a proper test drive. Don’t rush, no burnouts; this is a thorough inspection to ensure you get the real deal!

Now, affordability is our friendly pit stop. You’ve got to think beyond the purchase price, mate! Consider insurance, fuel costs, and wear-and-tear maintenance items. Older vehicles might guzzle more fuel and demand more TLC. And don’t forget about those tires—knowing their replacement costs is key to keeping your budget on track.

Fear not, for WesBank has the ultimate pit crew of F&I specialists! They’ll tailor finance agreements to fit your specific needs. So, when you’re ready to hit the finance application, buckle up and get all the necessary info before putting pen to paper.

As the automotive landscape evolves, WesBank remains the ultimate co-driver on your journey to find the pre-owned car of your dreams. Stick to their guidelines, and with the help of trusted dealers, you’ll navigate the twists and turns of the pre-owned market with ease. Get ready to take the wheel and make an informed decision to confidently invest in your next pre-owned ride!

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