Used Lotus for sale in the Philippines

Things You Need To Avoid When Buying Used Lotus Cars

People often assume that second-hand cars for sale are the cheap and old-looking vehicles since the new Lotus price is always much higher than the older ones. However, that is not the case for some.

Hunting for a pre-owned vehicle is worth your time and money just in case you’ve done right. 

Buying a brand new car seems tempting though, owning a second-hand unit is a viable alternative for those who get a limited budget. 

In this case, Philkotse.com has compiled a list of things you need to avoid when searching for a second hand Lotus car in the Philippines.

1. Dealership financing 

We can’t deny that the dealership-based financing options can provide you with the best deals and ease of not paying a whole amount at once time, it’s still a hefty sum to shoulder with.

The monthly amortizations may come along with interests and additional fees if the dealerships handle the payment scheme. It’s advisable to avail the financing options from the financial institutions or the banks.

2. Ditching the test drive 

According to some statistics, around 20% of used car buyers do not test drive the car before buying it.
It’s better to test drive the vehicle before spending your money on it as it gives you the chance to experience the car’s performance as well as the features. This is not just to protect you from buying the badly-conditioned car but also ensure it fits your needs and preference. Even if you are searching for the Lotus Philippines, it is important to do a proper test run before closing the deal.

3. Deciding on a deal based on the number of installments 

Spending within your means is an influential factor to the purchase. However, this basis alone should not be enough to decide on what deal works best for you.

For example, lower monthly installments may seem attractive for people that are looking to save some bucks. But, if you look at the payment period, you’ll be paying more than what is necessary. 

For loans or installments that are optimized with the compounding interest scheme, it’ll make sense to opt for a shorter payment period. The payments may appear higher than what you can afford but, it’ll save you thousands of pesos in the long run. 

4. Dismiss the Vehicle History Report 

Aside from the test drive and an in-depth assessment done by a mechanic, never forget to check into the vehicle’s history report. This report is crucial in determining the overall status of the car. 

This report contains previous owners, accidents involved with, and significant problems encountered. Information stated in the report is your guide on what to expect in terms of engine performance and issues you’ll be dealing with. At the same time, this is an influential factor when choosing to purchase a specific brand. 

You are browsing second-hand Lotus for sale on Philkotse.com - where you are provided with comprehensive car listings that guarantee the best deals to your needs. If you are planning to look for the brand Philippines, never forget to ask for its documentation. Also, it would help to purchase second-hand vehicles from trusted and reliable car-selling platforms.