Used Car Buying Guide: Evaluating Performance and Insurance History

Shin Jaewook from Daksin TV emphasizes the importance of checking performance inspection records and insurance history when buying used cars.

### Daksin TV's Used Car Purchase Guide for 2024
* 🚗 Shin Jaewook from Daksin TV introduces a series on choosing good used cars for 2024, focusing on **solving practical case problems** instead of explaining by topic.
* 💰 When buying a used car, it's crucial to check the **performance inspection record and insurance history**, as dealers are required to disclose these and tend to **hide them for vehicles in poor condition**.
* 📊 Market prices and price ranges of similar listings can provide insights into a vehicle's condition, with dealers pricing **good cars higher** and **bad cars lower**.
* 🛠 When assessing the condition of a used car, the frame structure is crucial, as it's **difficult to repair once damaged**.
* 📝 Insurance claim history can reveal the **severity of past accidents**, and the **absence of records doesn't mean the car is accident-free**.
* 👤 The number of **previous owners** and their **insurance claim patterns** can help gauge the vehicle's **accident history**.
* 🔍 Checking the Carfax report, Encar diagnostics, and dealer tendencies can also be valuable in assessing the **risk and condition** of a used car.

### Used Car Shopping Guide: How to Evaluate Listings and Make Informed Decisions
* 📝 When browsing listings, prioritize dealers offering vehicles with **single ownership, no accidents, and a valid insurance history**. These criteria often indicate **well-maintained cars**.
* 🚗 Consider the implications of buying a car with many replaceable parts, as it may not be a preferred choice due to **potential issues**.
* 💰 Adjust the price based on mileage, as **excessively low mileage can lead to additional wear and tear**.
* 🔄 Avoid purchasing from repeat sellers, as it may involve **legal risks** and **questionable vehicle histories**.
* 🛠 When buying a car that requires repairs, fix only what is necessary based on the car's **residual value**.
* 🚙 Prefer cars with **slightly higher mileage**, as they are **less likely to have been left unused for extended periods**.
* 🔍 When evaluating tires, consider premium tires as a **good sign of proper maintenance**. Tires that do not match the car's value may indicate **neglect**.
* 🛣 In Korean society, where there is a high turnover rate for cars, it is not necessary to drive a **purchased used car for an extended period**.
* 📈 "If you have the money, it doesn't matter, but it's better to **hit the depreciation a bit**."
* 📚 Since there are many factors to consider when choosing a used car, it is essential to **continuously gather information and make informed decisions**.

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Shin Jaewook from Daksin TV provides practical advice for evaluating used car listings.

He emphasizes the importance of checking the performance inspection record and insurance history when considering a purchase from a used car dealer.

Shin also advises viewers to be cautious of vehicles with undisclosed insurance history and to prioritize listings that openly provide this information.

Additionally, he highlights the significance of examining the disclosed performance inspection record for any issues with the engine, suspension, and exterior of the car.

The Risk of Buying a Car with a Damaged Frame

Exchanging exterior panels is not a big issue, but a damaged frame is a different story, causing rigidity issues.

The car in question has a history of multiple minor accidents, with insurance claims totaling up to 1.

Despite being marketed as accident-free, the low price and extensive insurance processing raise concerns about the car's history and the possibility of a damaged frame.

Car History and Insurance Claims: A Story of Accidents and Ownership

The car has changed ownership twice, with a significant accident occurring in May 2015, but it continued to be driven for another 5 years.

The vehicle lacked insurance coverage from June 2020 to November 2023, and the owner did not have car insurance at all.

The detailed performance inspection record shows major damage to the back of the car, including the rear fender and trunk, as well as the frame structure.

Despite the accident history, the dealer's thorough disclosure and low price may make the purchase acceptable, but caution is advised.

The dealer has a total of six listings, with four receiving thorough inspections, including the one in question.

It is recommended to choose a car that has undergone such diagnostics for a good method of purchase.

The 11-year-old Kia K5 has a history of being used as a rental car and has changed ownership 7 times, indicating potential issues.

The 2017 Sportage has a commercial usage history and a record of major accidents, posing a high risk for buyers.

On the other hand, the 2015 Chevrolet Malibu, with a clean insurance record, no change of ownership, and low mileage, presents a promising and reliable option for purchase.

One vehicle is a 2015 model with low mileage, a single owner, and a low insurance claim, making it a low-risk option.

The other is a 2013 model with high mileage, a single owner, and a history of multiple moderate insurance claims, posing some risk but with no major accidents.

The first vehicle is desirable for its low depreciation, while the second one, despite its age and mileage, has no major damage to its frame, making it worth considering with proper maintenance.

The 12-year-old Kia Ray has driven 157,000 kilometers and is priced at 3.

5 million won, falling on the lower end of the price range.

The dealer's personality and legitimacy of the vehicle are emphasized as crucial factors in making a purchase.

A 2018 3 Series GT 320 diesel xDrive with 42,000 km, priced at 28 million won, is presented as a premium option with perfect condition and no insurance claims.

Selecting a Used Car from a Meticulous Dealer

The dealer specializes in clean, single-owner, accident-free vehicles with a valid insurance history.

They advise buyers to avoid cars from repeated sellers and prioritize vehicles from reliable dealers.

The dealer also emphasizes the value of long-term single ownership for older cars, despite low mileage, indicating thorough maintenance.

Questionable History of a Used BMW 3 Series

The BMW 3 Series F30 320 diesel has a questionable history, with a major accident in April 2021 and a significant depreciation adjustment.

The car has had multiple owners and a history of accidents, making it a risky purchase.

The extensive repairs and high insurance claims raise red flags about the car's condition.

The first vehicle has a suspiciously low price, considering its age and mileage, but with a seemingly good car history and extensive insurance claims.

The second car, despite being severely hit from behind in 2015, has been driven for 10 years without major issues, raising questions about the accident's severity.

When looking to buy a car, it's advised to avoid repeat sellers and consider the depreciation factors of mileage and year of manufacture.

The first car has a high price and a clean history, making it a good option for a single-owner vehicle.

The second car, with reasonable mileage, offers cost-effective tires, suitable for comfortable driving.

The third car, priced at 15 million won, features Nexen Pera tires, known for being cost-effective and slightly premium, which is a common choice for imported cars.

Evaluating Used Cars Based on Tire Condition and Maintenance History

The first car, a 320d xDrive with 92,000 km, has a single owner, 2 insurance claims, and winter tires, indicating good maintenance.

The use of CP 672 tires raises some concerns about the owner's maintenance.

The second car, a Genesis with 243,000 km, has had multiple owner and name changes, as well as a history of accidents and repairs, suggesting higher risk and potential maintenance issues.

It's not recommended to buy a Genesis Coupe 2.

0T with tuned tires, as it may indicate harsh driving, but the Accent diesel model is a better option for a used car.

Cars with low mileage and a single owner may come at a higher price, but they offer a clean driving experience with potentially less wear and tear.

In society, there's a preference for buying brand new cars, but the video suggests that driving a used car for about 5 years can be a cost-effective option, with the host planning to continue providing car reviews in the future.