Financial Blog

Purchasing a repossessed car can surely save you money as you can buy it at a lower price. More than that, its ultimate benefit relies on the convenience it offers. Imagine the comfort and security it will give you on your travel or by simply going outside during a pandemic.

Read more: What You Need to Know About Bank Repossessed Cars

However, since repossessed cars are used units, their condition will depend on the driving manner and maintenance habits of the previous owner. It’s safe to assume that the former owner has financial challenges, so there’s a possibility the car needs checking. But don’t worry—once the bank or any institution repossesses it, their mechanic takes care of it.

This doesn’t mean that you shouldn’t do your due diligence. Here are some maintenance tips for used cars to help you keep your wheels in tip-top shape after your purchase.

1. Clean your car at least every 2 weeks

Repossessed cars might be covered with thick layers of dust and gunk since they’re in a warehouse. So, the first thing you should do is clean it, but that shouldn’t be the last. Keeping your car clean must be habitual. It reflects the owner’s personality. It’s not only about protecting its value and appearance; it can extend your car’s life, too. This is because dirt gets into different parts of the car, leading to accelerated wear and tear.

There is also an automatic car wash service you can avail of; however, it sometimes has stiff brushes that may leave fine scratches, so most car owners prefer hand washes. Moreover, give attention to the interior too. Cleaning it will eliminate harmful bacteria that can accumulate on steering wheels, upholstery, and dashboards.

2. Do car service check-ups quarterly

We know buying used cars has risks. You might not find any issues now but possibly will show it later. Good thing you can prevent this if you do routine checks.

Regular check-ups will avert you from complications and repair bills, not to mention the help to keep you safe on the roads. It prevents breakdown–brakes, engine air filter, fuel system, oil, tire wear, wiper blades, electrics, coolant, air conditioning, interior, and exterior. With these simple checks, you will be more confident driving your car. Nevertheless, if a more serious problem arises, you should always bring it to the car service center near you for professional help.

3. Don’t forget your car service schedule

Unless you are a very hands-on person, going to the car service center is the least exciting part of owning an auto. But want it or not, regular servicing is essential to prolong its life. Falling behind on a service schedule means that your car is not receiving the needed care to sustain the performance levels and conditions.

Maintenance intervals are based on time or miles driven. You can check it in the car documents to know when and what work is required or look for the manufacturer-recommended maintenance schedule to help you manage it. Modern cars have warning lights to monitor how your vehicle is behaving. Sticking to your car’s scheduled services will let you skip from turning that lights into red and tailored your car’s specific needs, whether engine management or brake replacements.

4. Review your car insurance policy

In the Philippines, LTO mandates every registered vehicle to get at least Compulsory Third-Party Liability (CPTL) car insurance. It covers the financial liabilities of the driver to the third party involved, including property damage, physical injuries, or death. Others are optional.

Now that you got a new asset, it is good to review your car insurance policy. Visiting your insurance from time to time helps you understand what covers you and ensure your safety net in times of unfortunate incidents. Evaluate if you have adequate protection. If you’re a new driver, it might be good to increase your coverage. If you are still paying for the car, consider getting comprehensive and collision coverage. These will cover your car from inflicted damages. It’s an added expense, but it will save you and your car from uncertainty.

Remember, vehicle maintenance may cost you but will save you, your car, and passengers from uncertainties. Of course, you can always buy a car, but doing your car maintenance will give you peace of mind.