5 Used Car Trends That You Probably Should Not Follow
What are your thoughts about trends? They are meant to be followed, right? Not all trends bear good results and not all of them come out of smart consumer habits. The used car market, owing to its overwhelming recent popularity, also sees a lot of trends and you can follow a few of them.But some are counterproductive and you need to stay away from falling into their lucrative loopholes. Here are 5 of them. Identify the hollow used car trends and make a smart purchase.
1. Searching only for Honda and Toyota used cars
Not that following this trend will fetch you any poor result but it will definitely keep you away from the promising specs offered by other automakers. People flock towards Honda and Toyota of Greenville used cars due to their high fuel efficiency, reliability, and safety. But other car manufacturers have caught on to offer healthy competition and you can buy a used Kia, Subaru, or Chevy without paying the popularity premium of a Honda or Toyota.
2. Not test-driving used cars
This has become so much of a trend now that 90% of consumers are leaving used car dealers in Greenville, SC without test-driving their newly purchased used cars. Today, car buyers see test drives as hassles. And in the process, they ignore the step altogether or just check the drive feel and cooling system. It is detrimental to your finances if you buy a used car without test-driving. This is when you really get to know the hidden defects of the car, if any.
3. Stretching credit spans
The trend to stretch auto loan spans have spilled over to no credit check dealerships from the new car market. Given the high price tags of new vehicles, consumers are being forced to stretch their auto loan spans to fit the premium in their monthly budgets. A few customers are carrying the expectation to the used car market as well. This is unnecessarily inflating the interest rates and hence, the credit payments. We recommend that you stick to short-term auto loans. This will help to keep the APR in check.
4. Buying extended warranties
Used car buyers never associated warranties with their vehicles. They expect to buy cars where no one is willing to back the quality of the vehicles. But then, the concept of extended warranties found its way into the used car market and buyers embraced the same despite its high initial payment. In the bid to follow the trend, most now stay blind to dealerships that offer flat warranties on all their vehicles. Search for autos in 29609 and expect flat warranties. It is available with dealerships like Family Auto.
5. Asking for low-mileage used cars only
The connection between low-mileage and quality used cars is a total myth. Having a low odometer reading is no assurance that the used car you are about to buy will serve you long. First, low-mileage used cars carry a premium price due to the high demand. And second, low-mileage is also an indication that the car stood in the garage for long wears that also causes wear and tear. Look for quality high-mileage used cars instead. These vehicles return better fuel efficiency along with good reliability and longevity.
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