Avoid These 7 Common Mistakes When Buying A Used Car in Memphis

Used Cars in Memphis TN

Buying used cars in Memphis TN can be a smart investment. The reason to consider going for a pre-owned vehicle is that you can save big money by going for a car that’s just a few months/years old. Buying a pre-owned or used luxury car can be a challenge. You have to be cautious when purchasing a pre-owned car. Here are seven common mistakes you should avoid.

1. Buyer:

  1. There are three main avenues for buying a pre-owned affordable luxury car in Memphis TN – an individual, a used car broker, and the franchised pre-owned car dealerships in Memphis.
  2. The most comfortable choice of owning a used luxury car for sale in Memphis, TN, would be the customer-to-customer method if the seller is known to you. Used car classifieds in newspapers and websites are also a fast way of getting in touch with private sellers.
  3. Small-scale used car brokers are the other option to search for a pre-owned luxury car. Such dealers may have the vehicle you want in ready stock and are happy to close a deal fast.
  4. Franchised pre-owned dealers give you peace of mind concerning the condition of the vehicles and are often the best choice when you decide to buy a used luxury car in Memphis. The cars are inspected professionally before being put on sale, and most retailers also add benefits like service packages and warranties. The buying experience also makes this a fuss-free transaction.

2. Research:

Before buying any vehicle, read online reviews on forums. Always compare the vehicle’s VIN against its history at the dealer. Ask for service and maintenance records of the car. By doing so, you will have a lot of choices to compare prices, models, colors, etc, to opt for the best car for you.

3. Budget:

When shopping, we are easy to get tempted to buy above your means. It’s up to you to be vigilant and remain sensible during the purchase. If finance is what you are looking at, then be aware that interest rates for used car loans are usually higher than those for new cars, and as a result, you might pay a lot more than the fixed price. If finance is a must, then opt for short-term loans with lower interest rates.

4. Requirement:

It is essential considering what you are looking for in a vehicle, before buying a car online or from a dealer. By being aware of your needs, you will be able to avoid buying a used car on impulse.

5. Background check:

It’s one of the most important steps before purchasing a used affordable luxury vehicle in Memphis TN. A used car might have defaults and problems which you can’t see with your bare eyes. Look for dents, damage, rust, and the tire condition, since you may need to bear the cost of fixing or replacing them later. Especially check if you can spot any new paint or touch up activity. Best is to go along with a trusted car dealership like Auto Universe or mechanic who will provide you insights into the car.

6. Negotiating:

Whether you are buying your car from a dealer or an owner, there’s always room for negotiation. Do your research on the market price for similar vehicles. Be aware of the offers that are too good to be accurate, and don’t hesitate to walk away from a deal if it does not come under your budget.

7. Test Drive:

Ensure the car’s headlights, steering wheel, gears, and brakes are functioning correctly. Pay attention to noises from the engine, especially at sharp turns and over bumps and potholes. If possible, try to drive it in different conditions, at different speeds. Test all the electronics – sound system, air conditioner, power windows, auto-locking, etc. Due to the COVID-19 spread, Auto Universe is currently offering at-home virtual test drives for potential customers, get in touch.

Shopping for pre-owned luxury cars in Memphis TN can become an easy task when you contact Auto Universe for great deals and offers. We have the best range of vehicles that are fully sanitized and maintained. The virtual test drives go a long way in ensuring that you get the best quality affordable luxury cars in the market. Best, there are options like no payments for up to 120 days for qualifying customers*.