Most shoppers love a good deal on clothes from a thrift store. Buying something second-hand and making it your own can be a gratifying and cathartic experience. Shouldn’t it feel the same when you’re buying a used car?
If you’re an avid deal hunter when it comes to clothing, food, and entertainment, then you should most certainly apply those skills to your benefit when in the market for a car.
When purchasing a vehicle, you have a couple options. You can either buy a brand new car, which is going to cost a pretty penny and cut into your cash-flow for other activities, or you can get more bang for your buck and purchase a used car.
A used car is obviously the more savvy choice, especially with the economically turbulent times we currently find ourselves in. If you don’t use your head on the car lot, however, buying used could end up costing you as much as a new car down the road. Having both a good idea of what you’re buying and knowing of reputable auto financing are great weapons to add to your used car purchasing arsenal.
Unless you’ve found yourself a used-car dealer who is only in the business to find people dependable cars at ultra-low prices, you’ll most likely have to fend for yourself when it comes to haggling on price, and you’ll have to make sure the used car is in the right condition for you.
Some quick things to consider:
- What are you going to use this car for? This will be a key factor in deciding what make/model or even color of used car you set your sights on.
- Mileage (You’re all, “Duh.”) This may seem rudimentary but in the excitement of getting a new car you can overlook even the most basic tenants of used-car buying.
- Make sure you have the money. Decent financing for your car can be just as tricky to find as a good used car. Do your homework.
- Look up the going price on the car you set out to buy. Don’t just roll over for a dealer’s sticker price if you know you can get the car for less.
- Investigate the car’s history. Get a vehicle report, ask a lot of questions, and make sure the dealer knows about his product and is someone you would want to buy a car from.
When buying a car, it’s important to do everything to ensure you get the most out of your used car value. Doing your research is the best defense against buyer’s remorse, and with the money you’ll save, you’ll be able to go practice your thrift skills on an entertaining night out in your new ride.