Buying a used car doesn't have to be a stressful experience. You can successfully purchase a vehicle that will last for years if you just have a good plan and ask the right questions, eliminating as many unknown variables as possible.
Tips and Tricks for Pre-Owned Purchasing
While there can never be 100% certainty that the used car you're buying will be completely trouble free, you can get pretty close by following a few guidelines.
- Strongly consider a certified pre-owned (CPO) option. You'll pay a little more than you would for a non-CPO used car, but the benefits are typically worth the price difference. CPO vehicles come with a warranty and have been carefully inspected. They will probably look more "like-new" as well. Remember that you may get a lower interest rate on financing for a CPO vehicle, allowing you to save money over the life of the loan.
- Think "affordable" as opposed to "cheap." An older, high-mileage car will need upkeep and repairs, and you have to keep this in mind when planning out your budget. You may actually set yourself up to save some cash in the future by spending a little more up front on a newer used car with fewer potential issues.
- Don't be afraid of purchasing a rental car. Don't be fooled by the stigma. Not all rental cars have been horribly abused by careless drivers. The truth is that rental companies have strict guidelines on vehicle maintenance. They may come with more miles on the speedometer than similarly aged vehicles, but that just means that you'll get yours for a considerable discount.
Getting the Best Price
How much room will you have to negotiate? This depends entirely on the situation. Research the vehicle brands and models that you’re interested in before going to the dealership, so that you're aware of what prices are possible.
- How long has a particular car been on the lot? If a vehicle has been taking up space for a while, you may be able to get a discount. How can you tell if this is the case? Dealerships run vehicle history reports when cars come in as trades. Ask to see the car's report, and check to see when the report was printed. If the report is more than 60 days old, there is a chance that you might be able to talk down the price.
- Do you see one or two prices on the vehicle? If the only dollar amount you see is the one on the window sticker, this indicates that there might be room for negotiation. However, if there is an additional price painted on the windshield, this may be the dealership's lowest selling price.
Get Financed First
Your car-buying experience can be easy and hassle-free if you start with the right auto loan. If you're worried that your low credit score will prevent you from being approved for that loan, Auto Credit Express can help. Regardless of what your credit looks like, we can pair you with a dealer that is qualified to work with you.
Just fill out our fast and secure online application to get started today.