Used Cars
4 fast Used Cars tips to help you get the best deal you can when purchasing Used Cars.
Tip #1 For late model Used Cars you may want to check the car financing rates before buying.
For example the interest rate on the used model you are looking at might have you paying the same amount of money over the term of the loan as if you went and bought the same model new, That is if there are current incentives on that model such as 0% car financing are in place.
It is very wise if you are buying late model Used Cars to check current new car financing on that model. You might end up with the same payment and get a better warranty then the used car warranties.
Tip # 2 Never assume that a non commission salesman is under no pressure to sell the Used Cars. Most of them are still under a bonus program and their job is still based on performance, so it's safe to assume that they have their own interests in mind when selling Used Cars to the buyers.
Tip # 3 When a Used Cars dealer buys a car, let's say from an auction or trade in, they most likely use a wholesale blue book. For example they will use the Nada Blue Book. This is not the same book your local bank or credit union uses in determining your car's value. This is important because so many Used Cars dealers say they are selling you the car at book value, but which one?
If you can, you should keep your price marker using the trade in value from the Nada blue book which you can get a value from your local bank. I dont suggest Kelly Blue Book because it generally runs a bit high. You have to remember that blue books in general get their information from sent-in reports from Used Cars dealers and dealer-only auctions (you think they may have a vested interest in sending in some high reports - you bet - keeps value high).
Tip # 4 If dealing with a good sized Used Cars dealership and the salesmen are on commission, you may want to buy near the end of the month. They may get a bonus for units sold that month so they may be willing to give up a portion of their own profit on that specific deal to get the monthly bonus. This goes for the Used Cars manager as well. Turning up to a Used Cars dealership just before closing time is also good. They all want to go home and will be keen to sell you one of their Used Cars as quickly as possible. You can get a good deal under those circumstances.
There are many other Used Cars tips and Used Cars information but I will save some for later. I hope I have helped with a little better understanding of the inside working of the Used Cars business.
Thank you for reading and enjoy buying
Used Cars