Considering a discounted Ford Explorer? There are essential factors to evaluate before making your purchase.
1. Understand the Reasons for the Discount
- Previous Year Models: Often, discounts apply to last year’s models to make room for new arrivals.
- Inventory Overload: Dealerships might discount cars to reduce stock levels.
- End of the Month/Quarter Incentives: Sales teams may offer discounts to hit quotas.
- Market Demand: Economic factors and changing customer preferences can affect pricing.
2. Verify Vehicle History
Before purchase, it’s critical to check the vehicle’s history report using services like Carfax or AutoCheck. This report will reveal:
- Accident History
- Previous Ownership Records
- Service Records
- Odometer Rollback Issues
3. Assess the Condition of the Vehicle
Pay close attention to both internal and external conditions of the Ford Explorer:
- Check for Body Damage: Look for dents, scratches, or rust.
- Inspect Tires and Brakes: Ensure they are in good condition.
- Interior Examination: Check upholstery and electronic features.
4. Warranty and Coverage
Determine the warranty that comes with the discounted Explorer:
- Manufacturer’s Warranty: Does it still apply? What does it cover?
- Extended Warranty Options: Consider if you need additional coverage.
5. Financing and Trade-in Options
Examine financing options carefully to understand total costs:
- Loan Terms: Look for low interest rates from banks or credit unions.
- Trade-in Value: Assess the worth of your current vehicle.
6. Fuel Efficiency and Maintenance Costs
Factor in the long-term costs of owning a Ford Explorer:
- Average MPG: Understand fuel economy ratings.
- Maintenance Record: Check service intervals and expected repair costs.
7. Market Comparisons
Before finalizing, compare prices with similar models:
Model | Price | Year | Miles |
---|---|---|---|
Ford Explorer 2020 | $30,000 | 2020 | 20,000 |
Chevrolet Traverse 2020 | $32,000 | 2020 | 25,000 |
Honda Pilot 2020 | $31,500 | 2020 | 15,000 |
8. Customer Reviews and Ratings
Look into consumer feedback through trusted review platforms:
- Edmunds
- Consumer Reports
- Kelly Blue Book
9. Scheduling a Test Drive
Always schedule a test drive to evaluate comfort and performance:
- Handling: How does it feel on the road?
- Comfort: Is it spacious and suited for your needs?
- Noise Levels: Check for unwanted sounds during the drive.
10. Negotiate the Price
Don’t hesitate to negotiate. Research similar vehicles to support your bargaining position.
Conclusion
Purchasing a discounted Ford Explorer can be a great deal if you do your homework. Ensure you understand the reasons behind the discount and carefully inspect the vehicle before finalizing your decision.