Dec
27

Guiding Principles or Purchasing a Used Car

Author // NPR Car Talk
Posted in // Car financing austin tx, In house financing austin tx

Used car financing austin tx

“When buying a used car, punch the buttons on the radio. If all the stations are rock and roll, there’s a good chance the transmission is shot,” Larry Lujack once said. While this may not always be the case, it’s still important to bare in mind that the type of owner you are purchasing from is almost as important as the type of car you are buying. So, if you are buying a car new, that’s not such an issue. But if you are purchasing from used car dealers, there are a few signs to keep an eye out for!

First, understand that when you buy a used car, you buy a used engine. The United States auto repair market is going to grow around 9% between 2012 and 2022. This means that cars aren’t made to go without maintenance. In fact, maintenance is a fact of life when buying for used car dealerships. The trick is to identify the needed maintenance and weigh whether it is worth the purchase. Buy here pay here car dealerships are eager to get your name on the dotted line. This means they may be more likely to haggle with you if you can point out the possible needs of the car.

Most cars loose in value between 20% and 30% in the first two years. Many people are wise to this because for every new car that is sold in the United States, 3.3 used cars are sold. In total, Americans purchase 16 million new and used cars each year. Many receive easy financing, while many others pay out right. Buy here pay here car dealership may pressure you to get into that trend and go home with a car! It’s important to keep an eye out for signs that the car may have been in an accident in the past. Try purchasing a car fax report. Even though they cost around $50, you can haggle the price around $2,000 or $3,000 with the information the carfax report may reveal. For example, a car that has has a lot of different owners is more likely to have issues and have missed regular maintenance. This is a great bargaining tool!

Your safety and your pocket book hinge on making good decisions when you buy a car. Do your research and buy what makes sense for you and your family.

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