Where to Buy a Used Car
Most people decide to buy a used car. Since brand new cars lose a lot of their resell value after their first year, buying a used car makes financial sense. If you plan to resell your car at any point, buying used ensures that you get a bigger portion of your initial investment back. So, unless you have a specific new car you want, your best bet is to buy used. This article will teach you what you need to look for in all the different used car lots around your area.
Just because someone has used cars for sale does not mean they sell the best used cars. The sad fact is that some used car lots have a bad reputation for a reason. This is why it is so important to do your research. The worst case scenario is to buy a car that breaks down completely after only a few months.
Luckily, you will have read this article and will know what to watch out for. First, you should be wary of anybody who operates on a cash only basis. You should still be able to pay with your debit card, even if you plan to not use a car loan. The cash itself is not the problem, but rather the fact that most cash only dealers sell cars without performing any repairs. It is not always possible to get a warranty on a used car, but you should at least know that the dealer has fixed any necessary repairs. When you are about to plop down several thousand dollars on a purchase, you deserve to know that the product you are purchasing is legitimate. So, unless you have the ability to check out the cars yourself, you should not be purchasing cars from cash only dealers.
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You should also watch out for used car dealerships that offer their own financing. Offering financing is not a deal breaker. A lot of used car lots offer loans just to make it more convenient for their customers. But the terms are what you should be concerned about. Unfortunately, this often includes extremely high interest rates and fees. In some cases, you may even be able to negotiate with the car lot to secure even better financing terms. If you cannot negotiate lower rates, you should find financing somewhere else.
Though it can be tiring to start over, you should never buy a car unless you feel comfortable with the dealer. Are the cars clean and carefully placed? Or does it look like a dumping ground for old cars? Do not be afraid to drive a few hours to find the car you want. It also helps to know in advance the type of car you want to purchase. Buying any type of vehicle is a big purchase so it is best to be sure about what you are buying.Valuable Lessons I’ve Learned About Dealers