How to Price a Second Hand Car

When buying a second-hand car, make sure it is worth the price. Base your decision on accurate data regarding the car and its condition.

Instructions

1

Complete a visual inspection. Look for any obvious body damage or signs of a previous accident, as well as examining the body for rust. Ensure doors, hood and trunk all open, close and fit properly. Check tires for uneven wear that signals possible problems with alignment, shock absorbers or other potential needed repairs. Take note of the mileage for your own later use when comparison shopping or checking the value of the car.

2

Take the car for a road test. It should start easily and not sound overly loud or rough. Test the acceleration, braking and alignment while driving the car. Look for overheating and any strange sounds coming from the back of the car, both of which indicate serious mechanical problems. Any issues you find may be fixable, but this should definitely be taken in to account when considering the price of the car.

3

Find out if the car comes with any type of warranty. This may increase the value of the car, but many second hand cars are sold without any such guarantee. Consider the possible value of the warranty when determining whether the asking price is a fair one.

4

Visit the Kelley Blue Book and Edmunds websites to find the approximate worth of a vehicle based on its make, model and year along with other factors such as mileage and overall condition.

5

Compare suggested prices with the price being offered by the seller. Check the price of the same or comparable cars offered for sale by other dealers or owners in your location. Comparison shopping gives you a better idea of reasonable asking prices.

6

Have the car inspected by a mechanic. A mechanic may be able to alert you to serious and expensive potential problems with a specific car. This may be the most important step in pricing a second hand car, as you get expert advice regarding the car's condition and possible problems in the near future.