Many consumers today are recognizing the value in purchasing a used car. The proud owner of a new car loses 30% of his or her investment due to depreciation the minute the papers are signed and the car is driven off the lot. It’s a savvy buyer who looks for used car deals!
Additional reasons why it makes sense to enter into used car deals include cheaper insurance as collision and comprehensive coverage is typically less with a pre-owned vehicle. Buyers entering into used car deals need to investigate the car’s history and upon finding that it has been involved in no previous accidents, disclose the information to their insurance broker for a further rate decrease.
Many newer used cars are still under the manufacturer’s warranty. If the car has been well maintained and the service records are intact, used car deals are almost as good as new car deals. Buying from the dealership’s lot, rather than a privately owned all-brand enterprise, further ensure s that the car’s manufacturer will put some kind of warranty on the vehicle, even if it is an older model.
It’s always a good idea to visit several car lots when negotiating used car deals. Prospective buyers are often talked into a car that’s not the right one for them. A smooth-talking sales associate shows them all the advantages of a trendy little sports car which brings back memories of youth, while in reality the buyer has a wife and three kids at home, with another baby on the way. This buyer needs a mini-van or SUV with lots of storage and drop-down DVD players. Deciding beforehand exactly what type of vehicle is needed, is crucial. Taking notes so comparisons of similar vehicles on competing car lots can be considered is helpful as well. Never take the first unit that is offered, but look at several more before making a decision, and if possible, bring a friend or trusted family member along for a second look a day or two later.
When considering used car deals, take a test drive. Try it in the city and on the highway. Check out the dealership with the Better Business Bureau. Ensure all the desired safety options are included. And don’t be afraid to ask for references from satisfied customers. Searching the internet and consumer magazines for recommendations and comparisons is also a good practice.