Do Your Homework Before Buying That New Sports Car
You may be interested in purchasing a used sports car, but may
have concerns associated with the deal. A new car purchase,
after all, includes warranties and assurances that reduce your
need to be concerned with potential later problems.
Additionally, a never-used car cannot suffer from any past
damage or misuse.
New cars are wonderful, of course, but there is something
special about older models. In the sports car realm, many older
automobiles are very coveted collectible items and have
surprising value. Sports car aficionados recognize quality and
seek to preserve it.
Although one can never be sure they will pick a winner and not a
lemon, there is a two-pronged approach that should be followed:
Research and Investigation. Research refers to gathering
background information on the vehicle make and mode.
Investigation refers to carefully evaluating the automobile
itself.
Research
Research the car in question. Research it thoroughly. Yes,
consult the Blue Book and determine its estimated value, but
don't stop there. Find out what kind of problems the car in
question most often experiences. Find out what telltale signs of
problems might be evidenced in a used version. Learn the car
inside and out before making the deal.You can perform this
research at the library, via the internet, by discussing the
matter with experts and experienced professionals or through any
other number of potential means. Your research methodology is
not as important as your research results. You need to know what
to look for and what the car is probably worth before making an
offer.
Make notes and formulate a checklist of things you will want to
investigate on the car you are considering. Take your notes with
you along with any questions you might have for the owner that
have been spurred by your research.
Investigate
Knowing about the car in general terms is essential. Your
research has provided you with a great overall perspective on
the make and model you are evaluating and you have an idea of
what to look for. Now, it is time to take the next step and
investigate the car being sold.
Ask to see service records. If you are very interested, invest
in obtaining a CarFax or similar vehicle history report. Find
out everything you can about the car you might be buying.
Your investigation is not just a matter of pushing papers,
however. Now is the time to put your knowledge to work.
Physically inspect the car closely, noting deficiencies that
will require repair work, and paying close attention to any
areas your earlier research indicated might be troublesome. When
test-driving the car, keep your mind on specific issues and
problems you know to be common or possible with the car.
Don't rely on your own investigation alone. Get a second
opinion. Find a mechanic who specializes in working with the
type of car you are considering and take the car to them for an
inspection if it passes your initial check. The seller should be
happy to let you do this. If he or she is not, that should be
considered a warning that all might not be well with the car. A
mechanic may or may not charge for a once-over on the auto.
However, if there is a nominal charge involved it will be well
worth the expense if it helps you avoid a horrible purchase.
If your research indicates it is a sports car with which you
could be happy and your investigation shows it is free of
visible problems, the buying process can proceed. It's at this
point that one begins to discuss price. If your research implies
this may not be the right kind of sports car for you and/or your
investigation shows problems with the vehicles that are in
excess of your willingness to undertake repairs, you should not
buy the car.
If your research and investigation lead you to avoid a car, it
will seem as if you learned a great deal for very little. In
reality, however, your effort not only increased your knowledge
base for future car shopping but also may have saved you from a
nightmarish investment.
When considering a used car purchase, always be sure to
emphasize both research and investigation.