Buying a car is by no means an easy decision – you are making a commitment to something that you will be relying on daily. That’s why we’ve come up with six quick tips on how to buy a used car – follow them and you should be on the right track.

1. Test drive the car you want

This seems like the most obvious rule you can think of, but it is staggering how many people don’t test drive the car they are looking to buy. You can look at a car for days and read its list of specifications until your eyes go blurry. However, without taking it for a test drive you will never know what it’s like to drive.

2. Pick your time

This sounds dubious but picking a time to buy your used car is a great way of saving money. August and February are often seen as two good times. This is because it’s just before number plate formats are changed, which is a quieter time for dealers. Also avoid weekends and aim for towards the end of the month – it’s more likely that dealers will be looking to make their bonus quota.

3. Make yourself a used car checklist

Unlike a new model, a used car requires you to look for some tell-tell signs. The main things to look out for are:

  • Mileage: Check the clock against the age of the car and ask yourself if there’s anything that doesn’t add up.
  • Engine: Ask to see the engine and look for any signs that there has been any undisclosed work or any leakages under the engine.
  • Overall condition: Check for any scratches, dents or marks inside and outside the car.
  • Test the gadgets: Make sure that every gizmo in the car is working as it should.
  • Check the essentials: Windows, lights, doors (including boot) and safety locks.

4. Always negotiate

It is worth bearing in mind that margins on cars are pretty tight these days. Be respectful of the dealer and do your research before you start asking for a discount. If you walk away from a great deal, you could well be shooting yourself in the foot. However, even if you’re getting a great price, there’s no harm asking for some extras or freebies. For example, subsidised aftercare, free delivery, even car mats or an umbrella all help sweeten the deal!

At the end of the day, if you love the car but not the price, you can always walk away – there’s will be other cars and if you leave your number you might even get a call back. 

5. Choose a good car dealer

Choosing a good car dealer is the number one, best way of buying the right used car. Essentially, the more reliable the dealer is, the less likely they will be to sell you a bad car. So, do your research! Look for reviews, extensive listings on their sites and their association with relevant authorities (e.g. FCA, RMIF). In addition, look out for car dealers who offer a warranty – always a major plus.

6. Conduct an independent report

If you’re still unsure about whether the car you are looking at is reliable, you can get an independent report. This should be a last resort, but if you are making a big investment in your dream car, you can get a report from The Motor Ombudsman. They are a government-backed body that deals with the motoring industry.

Purchasing a used car is a big commitment so we hope that our tips will steer you in the right direction and get you behind the wheel of a quality used car.

Rates from 6.9% APR. Representative APR 14.9%

Evolution Funding Ltd T/A My Car Credit

My Credit Rating

Excellent

  • You are a home owner
  • You have been on the electoral role for a long period of time
  • You have current credit arrangements and mortgage with no defaults
  • You have no CCJs, credit arrears or missed payments
  • You rarely apply for credit
  • You are employed or self-employed

Good

  • You are on the electoral role
  • You are a home owner or long standing tenant
  • You have a stable employment history
  • You have current credit arrangements with occasional missed payments
  • You have no CCJs

Fair

  • You are or have recently been on the electoral role
  • You may have recently changed address
  • You may have occasional missed payments
  • You may have an old CCJ
  • You may have regularly applied for credit

Poor

  • You may have had frequent changes in address
  • You may not be traceable on the voters roll
  • You may have exceeded credit card limits
  • You may have missed payments on current agreements
  • You may have had a CCJ in the past

Bad

  • You may not be traceable on the voters roll
  • Your credit cards are over their limits
  • You have recent CCJs
  • You may have been refused credit elsewhere
  • You may be in a debt management plan
£

X monthly repayments of
£X

Typical rate

Loan amount

Total payable

X% APR*

£X

£X

*for illustration purposes only

No impact on your credit score

Representative Example

Borrowing £7,500 at a representative APR of 14.9%, annual interest rate (fixed) 14.85%, 47 monthly payments of £204.69 followed by 1 payment of £214.69 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £2,335.12, total amount payable is £9,835.12.

My Car Credit is a credit broker and not a lender.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!