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How to Get the Best Deal on a Used Car

How to Get the Best Deal on a Used Car

How to Get the Best Deal on a Used Car
May 15
09:36 2018

Buying a used car, truck or SUV can be a bit overwhelming if you don’t know what to look out for.

First, you should know what type of vehicle you want to purchase and most importantly, what you can afford. But, you should also know how to negotiate car price with a dealer in order to have a shot at getting the best deal.

Beyond that, there are a few things you should know before you start car shopping.

You should always shop during off hours like weekdays. This will allow you more time to negotiate with the dealer and give you a better chance at a good deal.

If you’re wondering about other ways for how to get the best deal on a used car, then you’ve come to the right place. In this article, we’re discussing some tips so you can buy with confidence. Keep reading to learn more.

How to Get the Best Deal on a Used Car

The best way to learn how to get the best price on a new car is to research what’s available and where. This gives you an opportunity to negotiate with different dealers based on competitive pricing.

Know Your Budget

Of course, before you start shopping for a used car, it’s important to know your budget up front. This will give you buying power to decide if deals presented to you are worth it.

Referrals

Also, before you start shopping, it’s a good idea to learn about the car dealerships in your area. Ask friends, relatives, and co-workers about dealerships they’ve dealt with and how their transactions were handled. This will give you a better feel for what to be prepared for in your car negotiation techniques.

Get Multiple Quotes

Don’t just settle for dealing with one dealership. In fact, it’s a good idea to shop around multiple dealers and get price quotes and comparisons on similar makes and models.

Set Your Emotions Aside

Don’t allow yourself to become attached to a vehicle based on key features. Think logically when you choose your used car and don’t let your emotions get in the way.

Know What to Negotiate

The best way for how to negotiate a car deal is to know what is actually negotiable. Rebates and incentives should be negotiated separately. Otherwise, things like title and licensing are non-negotiable.

Final Thoughts

Don’t only focus on monthly payments while you’re negotiating car price with your dealer. Of course, you probably have a budget which you can afford, but monthly payment only changes a little with minor changes to a term loan.

Just don’t let your dealer extend the term of your loan just to meet your monthly payment requirements.

If you have a trade-in, it’s a good idea to negotiate the value separately. You should always know the value of your trade-in before meeting with a dealer.

And, don’t bring it up right away or else risk giving leverage to the dealer to make numbers look more elegant while you’re negotiating.

For more articles related to how to get the best deal on a used car, and other topics pertaining to the auto industry, check out our AutoReads section. You’ll find helpful information that you can trust here and throughout our site.

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