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Since new vehicles can lose more than 15 percent of their value once they are driven off the lot, purchasing a used car is often a smart financial choice to make. But that doesn’t mean you don’t need to do any research before making the purchase. There are five important things you should do before you sign the papers and commit to buying a used automobile.

1. Contact your insurance agent. Your Flint auto insurance agent can give you some direction in deciding which type of car would be the most reasonably priced as far as your insurance policy is concerned. This can be based on safety features, popularity with thieves and other factors.

2. Get a Carfax report. A used car has an unknown past that it can never reveal to you—but that doesn’t mean you shouldn’t want to know about it. Carfax has a series of complimentary and paid reports that will show you the history of your car with its previous owner or owners. This will help ensure that you don’t buy a lemon or a car that may have been mechanically compromised in a way that is not completely corrected through repair or replacement.

3. Compare safety options. Not only will a vehicle with front and rear airbags, anti-lock brakes and automatic seatbelts help keep you and your family secured, it will also lower your insurance premiums. Because used cars can be decades old, you cannot take for granted that the one you consider purchasing  will have the safety features you desire. Make sure you research what options are available in used cars of different years and different models so that you can better focus your search.

4. Look up car values. Before you spend money or get a loan for a used car, make sure that you are paying a reasonable price based on its Kelley Blue Book value. Don’t believe that the company selling it is being completely fair; do your own research and, if necessary, be prepared to negotiate.

5. Bring the vehicle to your mechanic. Your mechanic can tell you whether or not a used car you are about to buy is worth purchasing or if it’s better left in the lot. He or she may charge you a small fee to inspect the car, but it would be well worth it to avoid potential repair fees beyond the basics that any used car buyer should expect.

Used cars may be a fiscally responsible choice, but it is still a big decision to make when buying one. Put the time in and do your research so you can drive off the lot with full confidence, an insurance policy you can afford, and an intact wallet.

Contact SecurityFirst Insurance Agency today at 810-732-5800 for all of your auto insurance needs!

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Security First Insurance Agency
3526 Miller Road
Flint, MI 48507
P: 810-732-5800
F: 810-732-4154

The mission of Security First Insurance is to deliver professionally crafted and competitively priced insurance and risk transfer programs that safeguard our valued client’s financial futures.

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