Initial decisions when buying a second-hand car based on aesthetics, status or performance can sometimes come back to haunt you if the purchase decision was made too hastily.
"When buying a used car, one of the most dangerous things you can do, is to buy with your heart. It doesn't pay to get overly emotional over the vehicle you have in mind, as this could cause you to neglect doing the necessary research, checks and balances to ensure the purchase makes logical sense. Keeping your wits about you may just prevent serious buyer's remorse later on," says Les Mc Master, the chairman of the Motor Industry Workshop Association (MIWA.)
One of the first warning signs you should look for in a used car is dirty oil, says Mc Master. "Remove the dip-stick and take a look. If the oil is black, walk away. Yes, maybe the thought of owning this particular car makes your heart beat faster, but this is exactly the kind of emotional decision you want to avoid.
"Take the car on a test drive too. If something feels off, have it checked again. It's a good idea to break hard during your test drive. If the car swerves when you stop this could mean structural damage. Unless you are prepared to spend a lot of money fixing the vehicle, my advice once again would be to walk away."
The reality is that consumers are often faced with problems after a purchase, which could have been identified and corrected upon proper scrutiny at the time they were buying the vehicle. These consequences then end up being the consumer's responsibility.
"The RMI's consumer affairs department has many cases on record where consumers have bought cars too hastily and only realise later that the checks and balances were not done. A common trend we have noted is youngsters buying high performance cars that are out of original equipment manufacturer (OEM) and aftermarket warrantees and then realising later that running expenses far exceed their budgets," he points out.
Here are some important and relevant checks to make before you buy your next car:
- Service history authentication
- Checking what guarantees and/or warrantees exist
- If aftermarket warrantees/service plans do exist, taking time to read and understand the conditions.
- Checking when the last service was done and when last the cambelt was changed
- Combined fuel consumption statistics
- Accident records/checks
- Finance agreement satisfaction
- Interest rate
- Being clear on the 'extras' in the finance agreement
- Investigating the general condition of the car, tyres, spare wheel, spare key etc.
- Mileage verification
