Tips For Buying A Used Car The Smart Way

Tips For Buying A Used Car The Smart Way If you are shopping for a vehicle, buying used offers lots of advantages. One of the best reasons to buy used vs. new is depreciation. A new car depreciates in value by about 10% the minute you drive it off the lot, and another 20% within the first year of purchase. Three years later, and that new car is now worth about 60% of its original value. While this may be upsetting news if you’ve purchased a brand new car, it’s great news for those looking to purchase a vehicle at much better prices.

The used vehicle market has grown tremendously over the past several years, especially when it comes to used cars under $10000. The reason the used car market has seen such incredible growth is that it provides consumers with the ability to purchase a great vehicle of like new quality, at much more affordable rates. The purchaser of the new vehicle has paid the cost of depreciation, opening the door for much cheaper automobiles.

Is it a good idea to buy a used vehicle? The simple answer is yes! With so many options available on the market, you can find many attractive and affordable deals on used cars. With so many used car dealers out there, it’s a good idea to buy from an authenticated dealer with a good reputation in order to avoid falling victim to a scam.

We’ve listed below the tips you need to buy a used vehicle the smart way.

1. Decide your price point.

Before you start trying to decide which new car you want, it’s important to first determine how much you can afford to spend. If your budget is under $10,000 a newer, used Cadillac Escalade is most likely not in your future. Once you determine your budget, search for vehicles within that price range. It’s also important to keep in mind the other expenses involved in owning a car like maintenance, insurance and possible future repairs.

2. Make a list of potential used vehicle sellers.

Now that you’ve established your price point, it’s time to do some research. There are reputable online tools that you can use to find vehicles for sale that meet your budget. Make a list of the makes and models that fit within your budget in order to find a seller in your area.

3. Look at online reviews about the vehicle you wish to purchase.

By reviewing the cars you’ve decided are a good fit, you can narrow down your search even more. There are reviews online for almost every new and used car on the market. AAA for instance is a great resource for safety rating, pricing and reviews.

4. Find used cars in your area.

Now that you’ve decided which vehicle is best for you, it’s time to search for ones that are actually for sale close to you. There are lots of tools online, like those offered at www.savannahpennysaver.com that allow you to search for the make and model of vehicle you want. They offer a wide variety of used car classified ads to choose from.

5. Bring someone with you.

Now that you’ve done all the research to decide what vehicle you want, it’s time to go see it in person. One of the best ways to negotiate a good deal is to have someone with you. Having that person play “bad cop” and saying things like “that doesn't seem like a good deal” can have a great impact on the person you are buying the vehicle from, especially when you start negotiating the price.

Have the seller give the price first, and start your negotiations from there. Some sellers are even willing to give a better price for cash offers.

6. Walk away.

If you’ve ever negotiated the price of anything, you know part of the process can involve walking away from the table to “run the numbers”. If you’ve done all the necessary research prior to seeing the vehicle, you already know what other vehicles of the same make and model are selling for in your area. If the seller refuses to come down on the price, give them your cell phone number and walk away. The seller wants the money for the vehicle, and a little extra pressure may be just what is needed to get the price you want.

7. Close the deal.

You’ve done all the necessary research and compared the prices of other vehicles in your area.

You’ve negotiated hard to get the price you want, so now it’s time to sign on the dotted line.

Have your cash or certified check with you. Make sure the seller gives you a bill of sale and a clean title at the time of purchase. It’s also a good idea to test drive the car, and if the seller is willing, take the vehicle for inspection prior to signing any paperwork.

Congratulations! You just got a great deal on a great used car!

By knowing what you want and how much it should cost, the used car buying process can be fun with as little headache as possible.

Whether you’re looking for used cars, trucks or vans for sale, you can completely rely on Savannah GA dealerships, while buying used vehicles online from the Savannah Pennysaver network. The Savannah car dealerships have expertise in offering various exciting deals and payment options for car buyers and are aware that in the post recession period people need economic options, while recovering from setbacks due to the recession which is why the car buyers here are offered a large number of benefits to choose from. With Savannah Pennysaver you can get the best deals on used vehicles for sale in Georgia.