If you have found a car that is for sale below what the market value would be, and you aren't sure if you should buy it or not, you at least want to put in the effort to see the vehicle and to do some research. You can easily see the vehicle's history if you have the VIN, and there are things that you want to know before you buy. Here are some of the things that you want to think about and consider.
Check for Accidents or a Salvage Title
You want to check the VIN to see if the vehicle that you are considering purchasing has been in any major accidents, or if it has a salvage title. A salvaged vehicle can be reliable; however you want to make sure that you get a lower price than a vehicle that hasn't been totaled since there is a chance of unforeseen problems down the road.
See what the Repairs will Cost
If the vehicle is priced so low because it is in need of repairs, see if you could pick up the parts that it would need at a low cost so that purchasing the vehicle would still be worth it. If you can't do the repairs on your own, you also need to take into consideration the cost of labor before you purchase the vehicle.
Take the Vehicle to a Mechanic
If you are allowed to take the vehicle for a test drive, ask the seller if you are able to take it to a mechanic to be inspected. If there is nothing wrong with the vehicle and it has recently been maintained, this shouldn't be an issue.
Interior Materials Can be Replaced
Don't be afraid to buy a vehicle that is in good condition because it has some flaws on the inside. Instead, see what the cost will be to have the carpeting or seat interior in that area replaced, and then factor in when you negotiate the cost of the car.
If you see that there is a car listed at a very low price and you are afraid that there may be a catch, spend a little time and look into the vehicle. With a little bit of time and money you may be able to get a great car and make some money if you need to sell it. Visit a local dealership to browse used cars for sale and auto parts if you need them.