The Checklist Before you Buy a Preowned Car...

 It is known fact that a new car depreciates by as much as 20-percent of its value the second it leaves the dealer. This perhaps the main reason behind the popularity of "pre-owned" cans, it means big savings because the first owner took that initial depreciation hit. That is why so many of us are opting for used vehicles. However for some, buying a used car means taking a big scary leap. The below check list will help ease your worries.

• Research Well - Check all the possible resources and data, including consumer reports and automotive magazines, about the car you are planning to buy. 
• Inspect the Car - Ensure that body parts are well line up, the original paint matches, doors operate easily and that the tires show even wear. 
• Engine Check - Check beneath the hood for leaky hoses, worn out belts, and dingy oil. Make sure that the automatic transmission is clear and reddish, and does not smell burned. Radiator water should have a light yellow or green color. 
• In Car Experience - Turn on the ignition key to check that all of the warning lights and gauges work perfectly fine. Start the car to see all the lights and accessories and make sure no warning lights remain lit on the dashboard. Pay close attention to airbag warning lights.
• Race - Race the engine for a few quick bursts and listen for knocks, look for smoke and make sure the idle runs smooth. 
• Test Drive - Take the vehicle up to 35-40 MPH. Make sure shifting is smooth and steering is straight. When braking, a pull to the left or the right could indicate a brake problem. The steering wheel should not shimmy at high speeds, and cornering should be smooth.
• Opt for a Pro - Always get a pre-purchase vehicle inspection from a qualified and trustworthy dealer. 
• Look for Certified Pre-Owned Vehicles - Dealers will typically perform comprehensive inspections and provide a limited warranty in addition to any remaining on the original for Certified Pre-Owned cars.
• Ask for Vehicle History Report - Most used car dealers should provide a vehicle history report. If the seller doesn't offer a vehicle history report, order one online. 

As new vehicles lose most of its value as soon as they're purchased, used cars make a wise financial alternative. All  thanks to the manufacturing, maintenance and technological advances, they are now better than they ever were and still a great value...