Looking for a used car to buy could be maddening occasionally. I don’t know many men and women who can say they really enjoyed searching for a used car and making the final decision. Actually, lots of people would say this is among the most stressful buys they’ve made. My purpose is to make it a bit easier on you. Below are some used car purchasing tips that can save you money in your deal.
Probably the most important tip I can share is to only buy what’s known as a”certified used vehicle.” These are vehicles that have experienced at least 100 point inspections, and repairs made, by first equipment dealers. These cars are sold with a guarantee that protects you from repairs down the street which will cost you more than your used vehicle is potentially worth. Be aware that only original equipment dealers can lawfully call a vehicle”certified used.”
Make the most of the online buying guides. The most popular guides are Kelly Blue Book and the NADA guides. These are industry standard guides which will provide you the appropriate selection of prices for any vehicle you are seeking to purchase. Going into any negotiation armed with this info will give you leg up to be sure you are getting the best deal possible.
Finally, pay as much cash as you can afford. Used auto loans are very expensive, often in the double digits for interest rates. Over time, these rates really add up and cost you a whole lot more money than the vehicle is actually worth. Paying with money, as far as you can, will pay off in the long term.
So there are 3 tips for you to keep in mind whenever you’re out there looking for a used car. Be prepared and follow these principles and you can significantly lower your anxiety when making this purchase and you’ll save money in the long term.