5 Tips To Get The Best Used Car Deal

Posted by WorkApp on September 5th, 2019

Are you considering buying a used car? Old cars for sale are available a dime a dozen!However there are many important factors to take into consideration; the price, warranty, the quality, make, model and many more. It can be overwhelming.

Even if you manage to narrow down the factors, you are still left with the task of getting the best deal from the used car. Fortunately for you, we have just the right tips to ensure exactly that:

Research Thoroughly

Meticulous research is necessary to get the best deal from a car sale irrespective of whether it is second hand cars or new models you are looking to buy. 

When you have decided the model, make and year of the car, you can then check on the specific factors like the condition of the car, mileage it provides, etc. 

Your location too can influence the car price. Second hand cars vary in their prices according to the cost of living inthe concerned region.

With proper research, details like the selling price of the car you have chosen, the invoice price and the price you are willing to pay for it can easily be decided upon.

Asking Price

The advantage of used cars is you have more room for negotiation. The value of new carsstartsdepreciating from the moment the car is purchased. In about three years the price can reduce to about 60% of its original price. So for used car buyers this gives more leeway. You can start the asking price at about 20% off and progress from there. Be prepared to go over several rounds of negotiation until you get a reasonable offer.

Consider Multiple Dealers

When you shop for used cars at more than one dealership, you will be able to know the differenceof the price of the model you want to buy. This will ensure the better deal. Mentioning the lowest price offered by another dealer can also help you get a better price offer.

See the Bigger Picture

Consider the overall cost instead of the amount you are paying. For instance, if you are paying in monthly installments, the cost may seem affordable, but when you calculate the total amount you are paying over a long term including the interest, the amount will increase. So, you should consider the actual car cost and not the amount you are initially paying.

Look for Ways to Lower the Cost

One effective way to get a cheaper deal is buying a discontinued car or one that is slow selling. These can come with heavy discounts when compared to fast moving models.

If you are considering trading in, mention it only after the negotiation is done. Make sure you have done the research on old cars for sale of the model you want to sell. This will give you a better price. With said tips, you can smartly negotiate and get the best deal for the car you want to buy.

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