Never buy a used car hoping that you can get the price down without knowing the real value of the vehicle. Understanding how to get a good deal on a used car is key when car shopping. Keep reading to uncover all the tips and tools you’ll need to get a good deal on a used car.
How To Get A Good Deal On A Used Car: Investigate The Car
Negotiating can be daunting, especially if you have no idea where to begin. To get the best deal on a used car you’ll want to use all the information you have on the vehicle to get the price down. Here’s all the research and work you’ll need to do to negotiate like a pro.
Take A Test Drive
Pay attention to how the car works when you take it for a test drive. Be sure that you listen for noises, grinding sounds, or rattles, and ask questions as they come up. If you hear a rattling in the car’s quarter panels, this could mean a car was in a wreck.
You’ll want to make sure the vehicle shifts smoothly. Check out the A/C and heater and make sure there are no grinding noises when the A/C goes off. This could mean that the compressor’s bearings are worn.
Buying a car with cash may seem like a smart idea.
If you’re looking to purchase a car, and you have the money to buy one in one fell swoop, this means you never have to make a payment.
Most people would assume that this is the correct path to take. However, there are some reasons why buying a car with cash may not always be the right move, even if you can afford it. Below we go into this a little further.
Buying A Car With Cash Versus Buying A Car With Financing
Before we get into the question of cash versus financing, there are some things that we should look at.
People looking to buy a car who have never bought one before should know there’s more to consider than what meets the eye. When buying a car, there are two ways you can do so.
Alternatively, you can pay cash, which allows you to buy the car outright.
The difference with financing means that you end up with a better car then if you decided to just pay with cash. For example, if you have a small budget, say less than $10,000, you’ll have to go with a used car if you decide to pay in one go.
However, if you decide to go the route of financing, you can use the money to put a down payment on a new car. This, in turn, allows you to look at more options for purchasing. If your credit is good, this allows you to have your pick of many new models.