Used Car Buying Tips to Save You The Most Money

Author // NPR Car Talk
Posted in // Used auto dealership, Used car dealers

Used cars

The spring time is a common new car buying time. The snow melts and the sun comes out. Drivers decide that it is time to replace their vehicle with something more reliable. You are likely to find many spring buying deals on used vehicle during these months. Car dealerships want to push out their inventory of trucks for sale and begin preparing for the sale of summer vehicles. If you are in the market for a new vehicle, consider these car dealership tips to get the best price.

Develop a plan

Do not be enticed into purchasing a vehicle that will not suit your needs or one that you cannot afford. It is always best to go into the car buying process with a plan. Consider how much you will realistically receive for your trade in. You can usually gain this information on an evaluation website. Also consider how much you will put down on your vehicle. Your goal is to have minimal car payments. Negotiating and higher trade in value and putting more money down will achieve that.

You will also need to consider the type of vehicle you need. If you have a larger family, an SUV or van might be more ideal. If the vehicle will strictly be for your use, you may find more use in a compact car. Car dealerships have many different types of cars for sale, so having an idea of what you are looking for prior to shopping can help to narrow down your options. It can also provide you with a price point and allow you to share your car buying budget with the car dealership.

Visit numerous local car dealerships

Avoid visiting one car dealership and then making a quick purchase. You may find a comparable vehicle at a local used car dealership for a fraction of the price. Auto dealers base their prices on many factors, including the current inventory on their lot. While one used car dealers inventory may be low, allowing them to charge more for a specific vehicle, another car dealer may need to move them off of the lot, resulting in a lower price. Approximately 80% of people use the Internet to research used cars, moving away from traditional media. Use the internet to obtain valuable information about a car dealerships current inventory.

Stick with your budget

It may be tempting to increase your budget to obtain a different vehicle. However, it is important to ask yourself if the minimally upgraded tires are worth the extra cost in monthly payments. The most frequently searched price range for a used vehicle is under $5,000. Yet, many buyers end up spending much more than this after visiting a local auto dealer with no budget in mind. By the time they add multiple upgrades to the vehicle, they find themselves way out of their initial budget.

Purchase certified, when possible

Although you can find great deals with used vehicles, they are more likely to have mechanic problems than a new vehicle. The average vehicle will likely have three owners in its lifetime. That is three owners that have had problems with the vehicle. That is three different types of drivers. It can be difficult to fully know a vehicle?s history, so purchasing something that is certified is always recommended. Certification simply means that the auto dealership agrees to pay for any repairs on the vehicle for a specified amount of time. Ensure that you understand the terms and time limitations of the auto certification.

Many people head to the auto dealership during the spring months to purchase a new, used vehicle. The spring is a great time for used vehicle deals. Before you run to your local used car dealership, ensure that you are ready to purchase something. Go to the dealership with a plan and a budget in mind. Be prepared to stick with that budget and to carefully evaluate any possible upgrades. Also always purchase something with a certified warranty, if it is possible. It could end up saving you a lot of money in the long run.

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