3 Tips to Make Car Buying Simple

Used car financing

Are you in the market for a new vehicle? There are endless options available on the market. For many it can be daunting trying to wade through the endless options to find the best deal. Here are some simple rules that will help you better understand what to look for in a used car.

Used Car Values

On average, purchasing a used vehicle will cost around 35% less than a new vehicle. The gap between new and used vehicles was around $20,000 this year, according to Cars.com. You’ll also typically pay a bit less to insure a used vehicle than a new version of the same model. If money is no object, than sure, go ahead and buy new, but for most of price is the name of the game. Used vehicles can be just as sound of an investment if you know what to look for.

Why Buy a Used Car

By analyzing Consumer Reports’ annual surveys over the past few years, we found that five-year-old vehicles had one-third fewer problems than the five-year-old vehicles we looked at in 2007. When properly maintained, today’s pre owned vehicles should easily surpass 100,000 miles without a major overhaul, and many reach 200,000 miles and beyond. Important safety features like anti-lock brakes, traction control, and side air bags have been commonplace for quite a few years now, meaning most used models will have them.

How to Avoid a Lemon

No one wants to waste money on a bad investment. When considering a used vehicle, do plenty of research to determine the legitimacy of the seller. Do not buy on the first visit unless 100% sure of the vehicle and the seller.Ask an auto tech to come along to inspect the vehicle for mechanical issues if possible. Most used car lots offer lot financing that will make the purchasing process easier. It is just very important to be sure of what you are purchasing and from whom.

It’s not always easy to know what to look for in a used car. The right combination of price, functionality, and a reputable dealer will leave you smiling as a new owner. Don’t take the first deal that comes along. Research all options thoroughly before purchase and have your vehicle inspected by a outside professional. There are many helpful professionals in your area who may also be able to help you find the right fit for you.

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