I work in the auto industry and a question i am asked over and over by friends and family is:
“Whats the best way to go about finding good used cars?”
Many of us chose to buy used cars. It can make a lot of sense. As you know new cars can lose up to 30% of their value in the first 2 years. If you end up needing to sell that new car too soon you will have wasted all that money.
The only problem is that buying used cars can be a mine field of errors. You need to know your stuff. You also need sharp wits and to understand the pitfalls. The truth is that we are not all mechanics and we don’t all have the eye for knowing the bad from the good used car.
Today I will share some steps and tricks that will improve the chances of you making a sound choice. There is a lot to know about used cars, but with the following ideas, you will be well on your way.
Why Buy Good Used Cars?
Take advantage of the depreciation. When you buy a used car, that is a few years old, you have saved yourself the 20%-30% value loss on that car. Someone else has paid that for you. You have reduced the risk of burring yourself in that car financially. If for some reason you need to sell the car again sooner then planned, you will be in a far better position.
Take your pick! When you buy used, there are many different things that can effect price. You will have way more options in terms of model, brand, age, mileage. You have the option of buying a car that you normally could not afford if it was brand new off the car lot. You can really set any budget and shop with in that budget. You could literally spend $2,000 or $200,000 on a used car. Every city is ripe with a vast selection of used cars in good condition.
Something new in the used car department each day. The used car market is always changing. It means that there are always different cars to find and choose from. Most Victoria dealers will have fresh inventory each month. Often you can find the new inventory right at home with your computer. There are also tonnes of private sales listed each day.
Should You Buy Used Cars Privately Or From A Dealer?
There are advantages in choosing to work with a dealer, as well as a private owner. car lease dubai
Private sale used car advantages:
You can sometimes find great deals in the private sale listing. With some patience and time, online you can find the good deals. Many sellers online are doing it because they are under the gun and need the cash fast.
Often, private owners are not as aggressive when it comes to talking about numbers and the process. Private owners will allow you to take things at your own pace. Most car salesmen will try and move you to make a choice as soon as they can. This unneeded pressure can be avoided by finding a reliable salesmen or staying in the private market.