The five golden rules when buying a used car

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With new-car prices accelerating out of the reach of many buyers, used vehicles can offer a better deal and more mod cons for less money, but they can be a riskier prospect.

With the assistance of WesBank, our motoring team offers five essential rules to avoid the pitfalls of buying pre-owned:Gather as much information as possible about the car you have your eyes on, paying attention to factors such as the number of previous owners, mileage, vehicle age, possible accident and service histories. While it may not always be possible to obtain every detail, building a comprehensive profile helps minimise the risk of buying a problematic vehicle.

Check whether the pre-owned car is still under warranty or within its maintenance or service plan period. If not, it is advisable to consider Assessing a pre-owned car’s market value is equally important andsuch as age, mileage, service and ownership history can affect its price. For instance, a three-year-old car with 60,000km on the clock, a full service history and a single owner will generally be worth more than a similar car with no service history.

 

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