If you’re buying a restored Mustang as your daily driver, ask the owner for paperwork documenting the work done and the parts installed on the vehicle. It pays to know what quality of parts were used and if they were installed properly. If the current owner is not willing to allow for a vehicle inspection, pass and find someone who will. Often times the seller will allow for an inspection, but will not lower the price in the event of any mechanical defects are found. If they are selling the vehicle ‘as-is’, just remember any mechanical problems will be your responsibility. If the cost to fix the vehicle outweighs the selling price, it’s wise to look elsewhere.
The five action items for purchasing a daily driver include:
- Research the vehicle to make sure you are paying a fair market price
- Have the vehicle inspected by a mechanic you trust
- Always take a test drive
- Address any problems with the vehicle before your purchase
- Don’t be afraid to walk if you don’t feel comfortable with the purchase
- Stick to your spending budget
