How to Buy a Reliable Used Hyundai
By Tim Charlet on August 24, 2018
There was a time when buying a used Hyundai was risky proposition. Times have changed quite a bit. Hyundai has risen to the top of US imports in dependability, reliability, and believe it or not – dependable used car sales. While newer Hyundai’s are much better than in years past, you can’t be 100 percent certain that the used Hyundai you’re planning on buying won’t be a lemon. There are a few things you can do to reduce the potential of purchasing a risky used Hyundai.
Noted below are three must-do items that will help you buy a reliable used Hyundai.
First – Don’t Buy from Private Owners
Buying any used vehicle is all about reducing risk. Although there are several honest individuals, the truth is that most risky used car sales come from private individuals vs. a dealership. A dealership will typically complete routine service on all used cars prior to selling, such as oil changes, radiator flush, changing brake pads, and even replacing tires. A private seller does not complete these services on the average prior to sale.
Again – to reduce the potential of a bad used Hyundai, defer to a reliable dealership.
Second – Always Ask the Dealer for a Vehicle History Report
Hyundai’s are not made from high-quality steel. In fact, many are made from polymers, plastics, and mild-steel to save money on construction. As such, if a Hyundai experiences a vehicle accident, it can be susceptible to further damage (especially front and rear suspension components). Having a dealership provide you with a vehicle history report will verify if the vehicle has suffered any accidents or had major repairs completed.
Third – Check the Dealer Price vs. True Value
There is no spinning this – dealers are in business to sell cars and make money. Used cars tend to be some of their best money makers because many buyers simply don’t know the true value of the vehicle. Before you sign on the dotted line, complete some due diligence online to research the true value of the Hyundai vs. what the dealership is listing the car for sale.
For example, if you’re looking at a 2013 Hyundai Elantra with 120,000 miles – the average trade in value ranges from $3,000 to $4,000. However, the item you should look at is private party value – which in this scenario rises to $6,500 to $8,000. A good buy would not be more than 20% over the private party value of the vehicle.
It’s always a risk buying any used car. And although modern Hyundai’s are very reliable vehicles, the key to buying a dependable one is reducing the risk factors. If you follow these three easy steps, and complete your research and due diligence, you’ll be better prepared to purchase a good used Hyundai.