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May, 2018

A Guide To Buying Used Cars

Used cars are becoming an increasingly popular choice for car buyers. Their affordability and availability make them a preferable option, especially for people shopping on a budget. While there is a wide selection of affordable pre owned cars available for sale, choosing which to buy may be tricky, especially for first-time car buyers. There are auto dealerships that go as far as offering the convenience of financing options for their customers, but not every buyer wants to patronize a dealership. Some people prefer to look for affordable cars for sale by owner and transact directly with the car owner.

Whether buying through a dealership or directly from an individual who has put up a used car for sale, buyers must carry out due diligence to ensure they are getting the best value for their money. In either case, a thorough inspection is imperative. Buyers could pay for a professional examination, or consider a used auto for sale that is certified pre-owned.

To ensure a budget is adhered to, buyers are encouraged to research what car options they can afford. Look out for and patronize dealerships that give accurate car prices.

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. For legal purposes like registration or changing title on a vehicle, the state needs to verify that the VIN on the car is correct. You generally cannot do this by yourself, but you may still have some options, see more about QUICK VIN VERIFICATION to know the steps you can take to get it verified.

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.

 

Why Buying a Used Car is No Longer a Matter of Chance

Used car dealership

Buying a used car is now easier than ever with vehicle histories available online and manufacturers offering certified pre-owned vehicles. Buyers no longer have to worry about buying a lemon. Most auto manufacturers are also building vehicles that will last longer, and engines that can run at least 200,000 miles. Buying a used car offers customers good value for their money. Many used car dealerships offer the convenience of one-stop auto shopping with in-house financing.

Why buying a used car is a good idea
Buying a used car is no longer a matter of taking a chance on an unknown quantity. A number of changes in the way used vehicles are sold means that buyers are armed with information that can help them to pick the right vehicle.

Used car dealership

Buying a used car at new jersey used cars is now easier than ever with vehicle histories available online and manufacturers offering certified pre-owned vehicles. Buyers no longer have to worry about buying a lemon. Most auto manufacturers are also building vehicles that will last longer, and engines that can run at least 200,000 miles. Buying a used car offers customers good value for their money. Many used car dealerships offer the convenience of one-stop auto shopping with in-house financing.

Why buying a used car is a good idea
Buying a used car is no longer a matter of taking a chance on an unknown quantity. A number of changes in the way used vehicles are sold means that buyers are armed with information that can help them to pick the right vehicle. Many used car dealers have their inventory online, along with the vehicle history. This makes it easy to check if a used car for sale has had any problems in the past, or if it has been in any accidents.
Used car sales reached 38.3 million in 2015. This the highest figure reached in eight years, and is an indication that customers are much more comfortable buying used vehicles than they were earlier. Another major change is that autos nowadays are made to last, and most engines can handle 200,000 miles as a matter of course.

Used and certified pre-owned cars offer value
Most cars now last for ten or eleven years, and have an average of three owners in their lifetimes. Adding up used car sales by dealerships and private sellers, a total of around 40 millions used vehicles are sold each year. Used vehicles last much longer than in the past. Many auto manufacturers also have used certified vehicle programs.
Used certified vehicles are typically less than five years old and have been certified by the manufacturer. They have undergone rigorous multipoint testing by factory-trained technicians and have manufacturers warranties. Used cars from pre-owned dealerships offer excellent value for money. They allow buyers to get a quality vehicle at an affordable price.

Locking in the financing
Most people can’t afford to pay the full value of a new vehicle upfront, and need to get some kind of financing. Many used car dealerships nowadays offer buy here pay here financing. They work with financial institutions to offer customers auto loans, often at very attractive rates. In general, interest rates depend on the customer’s credit history.
Buyers with a high credit score can get lower interest rates, because they are seen as a lower risk for the lender. People who have low credit scores should try and improve their credit rating before making a purchase. Sometimes, people with bad credit can secure loans if they can make a down payment.

The process of buying a vehicle from a used car dealer has changed in recent years and is now much more transparent. Used vehicle buyers have much more information in their hands and can use it to find a quality vehicle at an affordable price. Many used car dealerships offer the convenience of in-house financing, with attractive offers for qualified buyers.