Buying Used Cars
Why buying used cars makes sense. Perhaps you simply do not want your investment to depreciate the instant you drive it off the dealership's lot. If so, buying a used car is a great way to find a reliable car and a great price. Towards the bottom of this page you will find links to all the resources you need for proper preparation and assure you will have the best overall experience possible. Some examples of these used automobile resources are: Free unlimited book value estimates, Used car inspection guide and a look from the other side of the table. But first an overview of your choices on where to buy!
There are several options available when you buy used cars. You can purchase a used car from a dealership. You can purchase a used car online, through classified and auto auctions. You can purchase from an individual and you can purchase through specialty used car conglomerates (these do not sell new cars). Which is the best method for your needs? Which option offers the best price? Here are a few answers to your questions.
Buying used cars from a Dealership. A used car from a dealership is the traditional way to do it and the most popular. You walk onto the lot, tell the salesperson you want to purchase a used vehicle and you are directed to their (sometimes lacking) selection. This results in the ability to make an immediate purchase, but may not be the best option for your needs. Many times, dealerships raise the prices of their used cars to well-above market value. Ostensibly, this is to provide the best return on investment. However, as many of the used cars were once trade-ins, the dealership likely has very little invested in the cars to begin with. Purchasing through a dealership can be beneficial; however, there are other options.
Buying used cars online
The Internet is full of cars, trucks and vans for sale. You can find these through online classifieds, as well as car auction sites. Both of these are excellent ways to purchase a vehicle at a low price. However, you may have to settle for what you get. Some owners are less than forthcoming about their maintenance practices (or lack thereof), while others make the photos of their cars look better than the reality, in hopes of a quick sale. While these are excellent options, care should be exercised in order to get a good deal. Here is a page I built about Internet used car sales. Private sale used cars. Once upon a time, buying from an individual was the only option for buying a used car, other than a dealership. This is still a viable option. However, it carries many of the drawbacks mentioned with the online sales options. If you decide to purchase through an individual, ensure that you receive all documentation about the work performed (and a title, too!).
Used Car Conglomerates – Dealerships like CarMax and the like have made quiet a reputation for selling used cars. These types of dealerships do not offer new cars; stocking their lots with used and certified cars only. This can be an excellent option for your needs. You will pay slightly more than if you went online or buying used cars through an individual, but you will receive a CarFax quote on the vehicle, as well as service records and recommendations. Financing is not recommended through these type of dealers. Secure your own before the purchase. You should be able to get a better rate by shopping around. If you go with in house financing make sure to study and understand the contract.
Used car Buyers beware
Regardless of the method chosen, you should insist on several things. First, you must have documentation proving the maintenance performed on the vehicle. You must also receive a title, in the event that you are purchasing the vehicle outright. If you are purchasing through a dealership or used car conglomerate, insist on viewing the service checklist and retain a copy for your files. This provides proof that the seller inspected the car and that the marked systems were operational at the time of inspection. This comes in very handy if something goes wrong immediately after purchasing the car, though it will only provide protection for a limited amount of time. Being an informed shopper is the best way to get the car you need.
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