For many, buying a used car is the best available option – you can still get all of the mod-cons, but it will save you a lot of money over buying new.

According to The AA, a new car can lose 40% of it’s value after just one year, so the arguments for buying second-hand are clear to see.

However, that’s not to say that it isn’t without it’s pitfalls, so here’s our guide to buying a used car.

Be Prepared

It’s vital that you do your research before buying a used car.

You’ll need to be aware of the going rate for the particular model you’re interested in, as you don’t want to end up paying more than it’s worth, but equally, if the offering price is too low then it should arouse suspicion – WhatCar? magazine offers a free valuation service on their website.

Be sure to read some reviews of your choice of car too.

Motors.co.uk offer a large range of car reviews on their website and they’re well-worth checking out to find out if the car is as good as you think it is, as well as if there is anything else that you’ll need to be aware of.

Finally, set a rigid budget before setting off. Don’t forget to include your insurance, road tax and other running costs in this or by the time you find out that you can’t actually afford it, it’ll be too late.

Calling ahead

Once you’ve found a car that you’re interested in, using car searches such as the one at the top of this page, then you’ve got to make that all-important call.

Here’s a few questions that you’ll need to ask:

• How many previous owners does it have?
• How long have you owned the car?
• How many miles has it done?
• Why are you selling it?
• Has it had a recent MOT and is it taxed?
• What condition is it in?

Carry out checks

These days, you can even check the cars history by text message to find out whether it’s ever been stolen.

When you meet with the seller, be sure to inspect the car for rust, check the tyres, look under the bonnet for oil spillages and start the engine to make sure everything is as it should be.

Take the car for a test-drive and check the steering, handbrake and overall performance.

Make sure to do all of this in the light of day – you can’t spot a problem if you can’t see it.

Haggle

If you think you’ve found a problem with the car, then work out how much it will cost to repair and factor that in to your offer.

Ask the seller what they expect for the car and don’t be afraid to make a lower offer.

Let them think about your offer and take your time, don’t butt in as you could talk yourself out of a deal.

Once you’ve agreed a price you’ll want to make sure you’ve seen all of the paperwork and that it’s all present and correct.

Finally, arrange your payment, be sure to ask for a receipt and congratulations, you’re the proud new owner of a used car!