Where to Buy Used Cars: Know the Pros and Cons

Buying Used Car in Ipswich If you’re in the market for a new ride but a little budget-constrained, you might want to consider a used car. Second-hand vehicles, even those that are less than a year old, are more affordable than a new or never-been-used car. There are three ways to purchase used vehicles: licensed dealers, private sellers and auctions.

Licensed Dealer

Many agree that buying from a licensed dealer is sometimes costlier than buying from a private seller. While this is sometimes the case, it gives you better legal protection. The vehicles are given a three-day cooling-off period in case you change your mind. Used car dealers in Ipswich note that they ensure that the cars are debt-free, with some offering extended warranty. You can also inspect the car and test drive it in most cases.

Private Sellers

While it may be cheaper to buy a used vehicle privately, this also means that you have less protection. Unlike licensed dealers, private sellers do not offer cooling-off period or statutory warranty. Buying privately also means taking extra precautions like checking if the car does still have money owing on it. While you can test drive and inspect the car close up, it is best to check the vehicle status online.

Auctions

Buying at auctions can be cheaper than buying from a licensed trader or private seller. The sad part is, it comes with more risks and is only ideal for those who know a lot about vehicles. There is no cooling-off period, statutory warranty, or roadworthy certificate of registration. While it may help you save money, you may not be able to inspect before bidding or test drive it in most cases. Note that some auction houses are also less trustworthy than others.

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Buying from a licensed dealer is often the safest way to purchase. This is especially true if you know nothing about cars. It is best, however, to do your research before visiting a dealer. Know the right car that best fits your needs, lifestyle and budget, and hire a mechanic to inspect the vehicle of your choice.