One of the biggest advantages of the internet revolution is the way it has changed the concept of shopping. From stationeries to land properties, internet has become the largest marketplace of the world. Now people can comfortably sit in front of their computing devices and explore a whole multitude of options before they make their purchases. Crowded malls and bumper-to-bumper traffic congestions around them, are now a thing of the past. In such a scenario, internet has emerged as an ideal market for sale and purchase of autos. However, with a degree of complexity and chances of fraud around this shopping, it is an art that still needs to be mastered by the masses.
Let me give you my top 10 tips for buying a car online that I have mastered over the years!
1: Beginning Your Search
Always browse the most reputable websites for buying your car – the chances of fraud will be minimum and the convenience would be high. Reputed websites are comparatively more user-friendly and have a number of added facilities to aid your purchase.
2: Set a Budget
Setting a realistic budget will allow you to browse a selected number of cars instead of wasting time scrolling up and down over the too-expensive cars. To make it even better, set an upper and a lower limit of your budget, because the taxes in the end can increase the original price considerably.
3: Know the Vehicle’s Value
Do a comprehensive online research to get to know about the market prices for each particular model you are interested in. This will enlighten you if a seller has set an exaggerated value on the car.
4: Compare Prices
When you choose a particular model, compare the prices that different sellers are asking for the same car on several websites. You may find the best deal this way.
5: Order Vehicle History
Companies like Exchange and Mart offer comprehensive histories for every car that you wish to buy so that nothing escapes your eyes. Reading the car history before the final purchase will allow you to know any accidents, repairs, claims, or issues that have been associated with the car in the past.
6: Verify the Seller
Online purchases are always prone to fraud, so you definitely need to know as much about the seller as possible. Most online marketplaces will have ratings for each seller, which should be of a great help. Do not forget to read as many user reviews as possible to get to know other’s experiences with a particular seller.
7: Test Drive
Nothing can compensate for test driving. You must take a personal ride on the car that you wish to buy to ensure that it meets most of your requirements.
8: Pre-Purchase Inspection
It is best to make a mechanic inspect of your likely purchase, so that any issues with the car can be pointed out. However, if the seller lives in a different state, there are plenty of online car inspection facilities that will carry out a complete check on the car and give you its report.
9: Financing Choices
You need to decide how you’ll be financing your purchase. You can contact a dealer, an online lender or a local bank for that purpose. What you really need to look for is the lowest interest rates, which you’re more likely to discover with an online lender.
10: Secure your Payment
Always use secure means of money transferring such as your credit card with limited liability. You may also involve a third party, such as Escrow.com, where you can deposit the purchase amount and it will be dispatched to the seller once you receive your car.