In this article I'm going to share with you how to save money when buying a used car. The reason I am going to share this with you is because there are so many variables when it comes to getting a good used car. Making the decision to buy a used car is a smart thing to do, because it is a great way to save money. If you are interested, check out Classified Ads for Dealers.
If you take your time shopping you can find a great used car that you can often buy at a huge savings compared to a new car.
The average new car loses 15-30 percent as soon as you drive it off the dealers lot. Let someone else take that hit. And, because used cars are built better today and last longer, you are less likely to end up with a lemon.
Follow these tips when you are shopping for a used car to save money.
1. Work out a budget and determine what car fits your needs and your monthly payment. Don't forget to work out in your budget how much you can afford to spend each month to maintain your car. Also, remember to allow for insurance.
2. You can find used cars for sale by owners, online and in classified ads. Sometimes these cars can offer more of a savings over cars purchased by a dealer. (The Downside: You don't have the protection that you do when buying from a dealer.) If you have a problem with your car from a dealer you can always go back to the dealer for help with your problem. Not so when you buy from an individual.
3. Run a history report from CarFax and AutoCheck. It's best to get both reports because some items may show up on one report and not the other. This is cheap insurance and can give you peace of mind knowing that your car doesn't have any major issues.
4. Look for signs of previous accidents. (Not all accidents are reported on history reports.) Test drive the car yourself and see how it handles under different road conditions, take it on the highway and drive it in town.
5. Have a mechanic do a safety inspection on the vehicle. If you find a major problem you can go back to the seller and negotiate a lower price, have them repair the car, or just walk away from the deal. You don't want to buy someone else's problems.
6. Paying cash is usually cheaper than financing a used car. However, if you are going to finance your car shop around for the best interest rate and terms. You may be surprised to find out that a Credit Union will have lower rates than your local bank. Sometime dealers can beat both your Credit Union and your bank. Do your homework. For more details, visit Classified Ads for Dealers.