A Guide To Buying Used Cars

Now in 2018, there are more people buying used cars than ever before in the United States. This trend is rising due to a number of reasons but there are two that specifically stand out. First and foremost, there are more drivers than ever before and secondly, there are more used cars than ever before as well!

In just a year of 2014 alone, the number of people with a driver’s license in the United States managed to grow from nearly 167 million to just about 215 million. So even just the starting point in this equation is very large and the fact that it then grows by a lot is astounding. Understand that every single year there are almost 40 million used cars that will be sold or will exchange hands.

Virtually all automotive dealerships offer the convenience of one-stop shopping through on-site financing offerings that assist consumers in securing financing. Most dealerships work with at least 5 to 10 different banks or finance companies so that they can offer competitive deals to their customers. However, it is important to know what is best for you and not what the dealership wants for you to do.

According to 2015 Used Vehicle Market Report, released Wednesday, said there were 38.3 million used-vehicle sales industrywide, the best annual tally in eight years. With all of these options available for used cars, it is hard to parse out what is good and what is bad. So here are some of the easy trips to adhere to when buying a used vehicle!

Give Used Cars A Thorough Inspection

Before you even begin to look at vehicles you should take your time and find a reliable dealership. This is as easy as taking to google and then narrowing down your list to just a few dealerships. There should be more than enough information available on the internet in regards to credibility and reliability.

Once you find a suitable dealership, it is imperative that you give the used cars there a detail-oriented inspection to ensure they are of the highest quality. Things like odometer fraud can come back to haunt drivers. Plus, an estimated 20% of all used car buyers will not even take the opportunity to test drive a car before buying it which is a mistake. So take advantage or whatever the dealership offers and then take your own form of inspection into the process as well.

It is estimated that the average rollback on odometer fraud is 15,000 miles, which can translate to $4 billion a year in consumer losses. Consumers lose as much as $4 billion a year due to odometer fraud, with the average rollback being 15,000 miles. So while you may not have heard of odometer fraud before, make no mistake this is a serious problem consumer must deal with when buying used cars

If you are planning to buy a vehicle that is less than 5 years old, consider one that’s certified pre-owned. This will help you get some sort of guarantee when buying used cars which are not often within reach. So you have some sort of relaxation during your used cars for sale search at a used car dealership.

Do Not Get Tricked Into Overpaying

If you are buying used cars for the first time at used car dealerships, it is important to be wary of the car salesman or car saleswoman. They want to get you to buy things so that they can make a profit but it may not be beneficial for your situation. So be sure to know what type of price range you are looking at beforehand, so that way you can be firm when you visit.

In general, the most frequently searched price range for a used vehicle is under $5,000. Use this type of information for reference so that you can easily identify what is reasonable and what is not. That way, you can avoid spending extra money while buying a vehicle.

In Conclusion

The average vehicle will likely have three owners in its lifetime. With this in mind, you can help shape just what kind of vehicle you want.

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