TOP TIPS FOR BUYING AND SELLING USED CARS IN 2023

Written on the 21 November 2022 by BumperTech

The Used Car Market is getting back on track in Australia, with a trending decline in used car prices over the past couple of months continuing on into 2023. If you are in the market to buy or sell, we have outlined our top tips to help you get the best deal.

Tips for buying a used car in Australia in 2023

1. Do your research: With so many options available, it's important to do your research and know what you're looking for before you start shopping. Decide on your budget, what features you need, and what type of car would suit your lifestyle best.
2. Shop around: With so many dealerships and private sellers to choose from, it's important to shop around and compare prices before deciding. Don't be afraid to negotiate on price, as there will be plenty of room for manoeuvre.
3. Get a pre-purchase inspection: This is an essential step when buying a used car, as it can alert you to any potential issues that could cause problems down the road. Make sure you find a reputable inspection service that has experience with the type of car you're interested in.
4. Check the history: It's important to know everything about a car's history before making a purchase. Check for things like accidents, major repairs, or outstanding finance. This information should be available from the seller, or you can use a vehicle history report service, like RedBook.
5. Test drive: This is the best way to see if a car is right for you. Take it for a spin and make sure you're comfortable with the way it handles and performs. Pay attention to things like the condition of the engine, transmission, brakes, and suspension.
    

Tips for selling your used car in Australia in 2023

It's no secret that selling a used car can be a bit of a challenge. Here are a few tips to keep in mind when selling your used car in Australia in 2023:

1. Do your research. Make sure you know how much similar cars are selling for in your area. This will give you a better idea of what price range to expect.
2. Get your car serviced. A well-maintained car is more likely to sell for a higher price than one that hasn't been serviced in a while.
3. Clean it up. First impressions count, so make sure your car is clean and presentable before showing it to potential buyers.
4. Be flexible on the price. If you're not getting any bites at your asking price, you may need to be willing to negotiate.

With these tips in mind, you'll be well on your way to selling your used car!

So, what does the future hold for the used car market in Australia? While we can’t predict with certainty, we do know that there are a few key factors that will impact its growth. Keep these things in mind when buying or selling a used car in Australia and you’ll be sure to make the most of this ever-growing market. If you need some help getting your car ready for sale, give BumperTech a call – we can fix dents, scratches and bumpers before you put it on the market.

Reference - https://www.afr.com/companies/transport/rising-rates-to-bring-steeper-falls-in-used-car-prices-20221011-p5botj / https://www.abc.net.au/news/2022-11-03/car-prices-set-to-accelerate-in-2023/101604542