The Top 8 Myths About Buying Used Cars

It’s fair to say that we’ve heard pretty much every myth in the book over the years when it comes to buying a used car. And, to be totally honest, some of them aren’t just wrong; they’re completely unfounded. At Howie’s Car Corral, we want to set the record straight on used car buying, so you don’t fall for myths the next time you’re in the market for a used car.

Myth 1: Buying Used Cars is Unsafe

People shopping for used cars often express concern about how safe a vehicle is for themselves and their families. But, when purchasing a used car from a reputable car dealership, you can rest easy knowing that you don’t have to sacrifice top-rated safety features.

Safety standards in the vehicle industry have come a long way in recent years. It’s not hard to find good used vehicles equipped with modern standard safety features, such as:

• Adaptive or dual-front airbags.
• Anti-Lock Braking Systems.
• Electronic Stability Control
• Tire pressure monitoring
• Traction control
• Back up camera (on cars onward from 2018)

Used Vehicle Models With Excellent Safety Ratings

• Mazda 3, 2014 or newer
• Honda Accord, 2014 or newer
• Toyota Camry, 2012 or newer
• Ford Taurus, 2011 – 2015
• Toyota Sienna, 2011 – 2014

In Canada, all vehicles for sale within Canada must meet Canada Motor Vehicle Safety Standards. When shopping for a used car, ensure you have access to the vehicle’s history report for important information that could affect its safety features.

Myth 2: Used Cars Aren’t Fuel Efficient

Fuel efficiency matters when it comes to selecting the right used vehicle for your needs. As gas prices continue to rise, lowering fuel consumption levels counts more than ever. But, to get a car or truck that won’t empty your wallet at the fuel pump, you don’t need to purchase a brand new vehicle.

Fuel-efficient vehicles have become more common in recent years. And, as time passes, more and more quality fuel savvy options are available on used car lots. Buying a previously owned ride offers the ultimate bang for your buck. Not only will you save on long-term fuel costs, but you’ll also pay a smaller sticker price than if you bought a new car, truck, or SUV.

Myth 3: Used Cars Have Poor Resale Value

Most cars go through multiple ownership changes throughout its life. This is because different vehicles are needed to accommodate different life stages and changing circumstances. As such, once a car no longer suits an owner’s needs, it’s likely time to put it up for sale.  

Many vehicles are great at maintaining their value over time and make excellent choices when buying a used car. However, a vehicle’s make and model shouldn’t be the only factor to consider when selecting a vehicle for potential resale value. The best way to ensure any ride you buy will keep its value is by keeping your vehicle in the best condition possible.

Myth 4: Lower Mileage Is Everything

We’ve been long taught to jump at cars with low mileage. Remember, even if a vehicle has low mileage, if it wasn’t taken care of, it may be prone to breakdowns. Finding out the history of a car is far more valuable in the long run than just relying on its odometer reading.

To learn the history of a used car in Victoria, BC, all you need to do is request to see the CARFAX report available from the dealer. If the car lot or private seller you’re working with doesn’t make a CARFAX report available to you, consider finding a reputable alternative.

Myth 5: No Warranty 

Buying a used vehicle doesn’t mean your purchase won’t be covered by warranty. There are multiple options available for securing a warranty on a previously purchased vehicle. Many manufacturer warranties are valid and will be honoured, regardless of ownership.

Other warranty options to consider when shopping for a new-to-you car, truck, or family vehicle is to find out if the selling car dealership offers options or guarantees. For example, at Howie’s Car Corral, we only sell quality used cars, trucks, and other automobiles. We back every vehicle sold with a limited 3000km warranty.

Myth 6: Used Cars are Unreliable

The notorious myth that a used car is unreliable likely stems from experiences with poorly represented vehicles. When the truth about a vehicle being sold is not offered, it can easily lead to a customer owning an unreliable car.

However, buying a used car doesn’t have to feel like a gamble when dealing with trustworthy and reputable car dealerships. In the Greater Victoria Area, reliable and affordable vehicles are always available at the car corral. And, once you bring home your new ride, keep it running smoothly with regular maintenance appointments.

Myth 7: Paying Cash Will Sweeten the Deal

Many people believe that offering to pay cash for a used vehicle will increase bargaining power over the final ticket price. While that belief may have had some benefit for car buyers when financing wasn’t an in-house option, it doesn’t apply to today’s standards.

Most car dealerships have in-house financing departments that generate revenue for their business. Paying cash for a car instead of financing through them will actually be less beneficial for the salesperson and car lot. 

However, suppose you’re able to pay cash for a used car. In that case, you’ll be saving yourself a lot of money in financing fees and interest payments.

Myth 8: Guide Prices Are Definitive

Don’t hold up car guide prices as more than they are; the prices in these guides are just that - a guide. The cost is calculated on trends in the area, as well as mileage and optional equipment. The guide can’t predict this, nor can it deduct for past damage or existing issues.

Used Car Buying is Made Simple at Howie’s Car Corral

Buying a used car is just as big a decision as purchasing a brand-new vehicle. You should always take the time to do thorough research. Before agreeing to anything, inspect the car while on the lot, and always go for a test drive. 

Publications can’t tell you everything, because they haven’t inspected the same car(s) you are interested in. Every vehicle is unique, just like you. For a great deal complete with fantastic customer service, visit the friendly team at Howie’s Car Corral!