Before I delve into the details, please note that I have never Owned a car before (though I have driven cars once in a while) and my knowledge about what to look for and how to maintain a car is limited if not poor.
I have been contemplating getting a car for a few months now. It was getting kind of necessary because walking home with all our weekly grocery shopping, taking public transport to visit friends and relying on friends to take us (me and my partner) around for trips nearby was getting kind of bothersome. I will still continue to take the public transport to work. So, I was looking for a small, economical second hand car in the 9-11k price range that could be resold for a good price (8k?) 2-3 years down the line.
I tried to look for good deals with private sellers but the ones I did meet ended up seeming very shady and some of them hid some details about the car till I actually met them in person. So I finally decided to get a used car from a dealer. I checked a few dealerships before settling on a 2013 Suzuki Swift that had done 98k. The car looks almost brand new on the inside and outside and has a good color. The dealer was quoting a $11,800 driveaway price tag with rego till November this year. I managed to get the price down to $10,500. I paid a $500 deposit and I'm supposed to pay the rest and collect the car the coming Saturday.
I'm probably gonna draw a lot of flak for saying this but i'm feeling some buyers regret after seeing a 2015 Hyundai i20 in near mint condition that did 35k on sale for $11,400 at a nearby dealership. I dunno if it would have been possible for me to haggle and get the price down a bit more on that one but I really like the interiors of the i20 over the Swift and i'm worried the resale value of the Swift will drop quite a bit once it crosses 100,000km run.
I would be interested in knowing which car holds more value for the price. Also, would it be possible for me to back out of current Swift deal with a full refund of my deposit?
No.