Buyer’s remorse is popular when it comes to purchasing vehicles. However, unlike small retail products that you can return and receive a full refund, you can’t get a full refund on a vehicle. The moment you drive off the lot, the value of the vehicle automatically depreciates. So, purchasing a used vehicle has various benefits. However, you still need to be smart with your purchase. In this article, we provide you with tips to buy a pre-owned Honda. You will establish what you need to know to get a great deal on a reliable vehicle.
1. Focus on the vehicle’s title
As you look for a used vehicle, ensure the title of the vehicle you are looking at is available. The title lets you ascertain the ownership and state of the vehicle. Normally, it includes details like the ownership chain, make, and year of manufacture.
The title functions as an ID card that informs you if the Honda you wish to buy belongs to the seller. In case the vehicle was purchased with a loan or if there is a lien on it, the title will be with the financing entity.
So, the seller or dealer should have the title if they do not have debt with the financing entity. If they don’t have it, it is a red flag. Walk away from the deal.
2. Run a VIN check
The best way to know if the vehicle has been salvaged or its odometer has been rolled back is through a VIN check. To get started, click here to visit VinPit for a free Honda VIN check.
The report provides all the insights about the vehicle. A VIN can be found on the vehicle’s title or etched on various locations on the vehicle. The check will show you the state of the vehicle and if it has been involved in any accidents.
3. Do a vehicle inspection
If you are satisfied with the vehicle title and VIN check, then it is time to inspect the vehicle. Hire the services of a reputable mechanic to do a thorough inspection. Although a VIN check is good, it is not enough.
In case the seller or dealer does not want a mechanic to check out the vehicle, that is another red flag. You should continue searching for other pre-owned vehicles.
A mechanic can inform you if the Honda vehicle you are looking at has had an unreported accident. Also, the mechanic can perform an oil inspection, check for damages and leakages under the car, and establish the state of the vehicle.
Although a mechanic can do a mobile assessment, it is better to get the vehicle thoroughly inspected in a shop. While you can avoid this step, it will protect you from heartaches down the road.
4. Negotiate for a better deal
The next step is negotiation if you have already chosen the best Honda vehicle. In this phase, you need to compare prices from various sellers and dealers. Check any classified websites to compare prices.
The websites will indicate the going rates of the vehicle you want to purchase. Your research will let you know the wiggle room you have when negotiating. Sellers offer a price expecting some negotiation. So, do not shy away from offering a lower price until you get a compromise.
5. Check if there is a warranty
Warranty on used vehicles is limited to certified pre-owned ones. They are normally sold in dealerships. However, these tend to be more expensive since they are in great shape and have lower mileage.
If you go for a certified pre-owned vehicle, ensure the warranty is from the manufacturer instead of a third party. Most dealerships do this. So, look out for the “as is” sign. It basically indicates the dealer is selling the vehicle in its current state without repair coverage.
So, when you buy a vehicle “as is” means that you will have to pay for repairs out of your pocket.
6. Test drive the vehicle
Test drive the vehicle for a prolonged period. Most buyers test the vehicle for no more than 20 minutes. Also, a considerable number do not test drive the vehicle at all. Yet, this is one of the most important aspects.
A keen focus should be on legroom, visibility and unusual smell, sounds as well as the driving situation. You should simulate your daily driving habits to make sure you enjoy the Honda in those circumstances.
While at it, pay attention to the important parts and search for issues. These areas include jacks, cracks on windows, compressor, AC, tires, and radio among others.
Benefits of buying a pre-owned Honda
A preowned vehicle is cheaper compared to a new one. The price advantage allows car shoppers to go for a nicer model. Also, some certified pre-owned vehicles are eligible for unique financing rates.
2. Superior resale value
Unlike brand new vehicles that depreciate up to 40% in the first year of ownership, you won’t have to worry about it.
3. Vehicle selection
Although you won’t be able to custom-order a used vehicle, you may opt for a model, wheel design, or trim package that is no longer offered.
4. Research and reviews
When researching a used vehicle, you have the advantage of accessing a couple of years of reliability details. Also, you get access to a complimentary vehicle history report. As well, you can avoid potential vehicle issues by reading critical reviews.
These are pretty much the tips you need when buying a preowned vehicle. There are several other tips; however, these tips provide a decent checklist you can work with.
Now that you know how to buy a reliable pre-owned vehicle, you should be able to get a great deal.