Car ownership has been part of the North American psyche since Henry Ford sought to make car ownership affordable for the average worker. Today, consumers have more choices than ever, which also means that there are also greater risks of scammers and unscrupulous individuals looking to unload their lemon on you.
At Steers Insurance, we understand that you have a wide variety of car insurance options to choose from in Newfoundland & Labrador so it’s important to ensure you have the right type and amount of insurance coverage for your vehicle. There’s an abundance of used cars and trucks, as well as automobile dealers in North America but before you buy, a bit of homework and some patience to locate the right model at a reasonable price, is in order. As a Newfoundland & Labrador-owned and operated company, Steers Insurance knows the terrain and we’ve pulled together these tips to help ensure you get a great second-hand vehicle.
The first step is research to gain insight into the second-hand models you’re contemplating – does it have the features you need (and want) and what do current owners have to say about defects or praises. Next, you need to know your budget, how much money you can spend on your next car. If money is an issue, consider lesser-known brands that can give you similar quality and features for less.
Next, you have to find it. Initiate your network, use word of mouth tactics to talk to friends – they may know where you can get a good deal. In addition to private sales, there are independent and branded new-car dealerships. Dealerships are often the best source for late-model used cars, since they have first dibs on lease returns and trade-ins.
Once you’ve found an option or two, you need to scrutinize each one carefully. Look for signs of collision repairs, a mildew smell indicating water or flooding damage, lit warning lamps, and compromised engine and transmission fluids. Once it passes your visual inspection, drive it like you own it – on local roads and highways – with the radio off and carefully listening for various noises that should or should not be there.
If it is still to your liking, before you sign on the dotted line, you need to go back and do some more research, this time specifically on the vehicle you are considering purchasing. Ask yourinsurance representative for a quotation – a steep premium may compel you to look at something else. Finally, have it inspected by a trusted mechanic.
Now it’s up to you to negotiate, but watch out for extra fees sneaking into the sales contract, and if you’re not happy with the way negotiations are going, head for the door. For residents of Newfoundland and Labrador the Department of Government Services website provides information, tips, and a guide for consumers planning to purchase a new or used car.
If you’d like more information, have a question, or would like an auto insurance quote, call Steers Insurance at 709-722-1532 or Toll-Free at 1-877-478-3377 today.