The way we shop for cars has certainly changed with online sites and mega dealers such as Carmax now part of the equation. What hasnât changed is the desire to find a deal on a used car. But thatâs become increasingly more difficult with the current semiconductor chip shortage impacting supplies. Indeed, with fewer new vehicles being built, demand for used models is strong. Supply and demand play a big deal in setting car prices. The greater the demand and the smaller the supply, the higher the prices. This means the pool of available models is far costlier than it was just a few years ago. So, as a used car shopper, how can you contain your costs without spending your last dollar? Let us examine the ways. Donât personalize your purchase.If you find a vehicle and begin thinking, âI must have this car!â or, âI canât live without it,â then you have already lost the price negotiation battle. A seller will sense your desire and harden his position. Never make it known how much you want a vehicle while strategizing for a deal. Also, you will find a professional seller much more skilled at negotiation than a private seller and probably yourself. A poker face and a dispassionate attitude will take you far, while outward giddiness will cost you. Know what you have.Details about every make and model are available online, including pricing. One of the best sources is from Kelley Blue Book. For instance, go to that site and click on price new/used. Then, under Car Prices, check the bubble for price new/use. Enter the year, make, model, and zip code for the vehicleâs location. Next, click on the Build & Price box. Youâll be moved to a new page where you can choose the vehicleâs style. Select the corresponding box and hit ânext.â At this point, youâll choose certain variables, including the engine size, transmission type, drivetrain, and options. Fill this information out to the best of your knowledge. Once done, click ânextâ and youâll be taken to a âSelect a Price Type,â page. Lastly, choose one of three price types: 1) Buy from a dealer; 2) Buy Certified from a dealer, or 3) Buy from a Private Party. Once selected, choose âGet a Used Car Price.â At this point, youâll find a âfair market rangeâ along with a fair purchase price. Youâll also see a typical listing price, which is usually hundreds of dollars more. Finally, you can edit the mileage to get a better idea of the price range. Ask probing questions.A thorough inspection of the vehicle inside and out is a given in any used car purchase negotiation. Check the engine bay and look for signs of water damage. Do likewise in the trunk or liftgate. Inside, lift a corner of the carpeting to search for telltale signs of flooding. Check all controls (i.e., HVAC, navigation, infotainment, windows, sunroof, and so on), to ensure that they are working. However, youâre not done. It is important to ask the seller several probing questions. These include: 1) has the vehicle ever been in an accident? If so, 2), what repairs were done, and do you have copies of those receipts? 3) Ask for a vehicle history report. CARFAX is the most popular report and there should be a record of your vehicleâs history. All reported accidents and incidents are included. On the other hand, if there was work done privately, it wonât show on the report. Show respect and take your time.Negotiating a price for a used vehicle can take time and involve many emotions. This is particularly so with a dealer who must protect his bottom line. You may not care about his profits, but treating this person decently is important. Likely, if you are kind and considerate, youâll find your position strengthened accordingly. At the same time, donât rush your decision. Only commit to a vehicle once you are certain it is the right one for you and that all concerns have been addressed. If youâre satisfied with the final price, then youâre likely ready to close the deal. Used car: Cash is king.If you negotiate for a vehicle and then need financing, expect to pay more for the vehicle over the long run. It is better to secure your financing separately before making a deal, keeping that aspect of your negotiation separate. Is there a better option than financing? Yes, indeed. An all-cash offer gives you leverage to negotiate the best deal. For instance, if the price is $2,950 and you have $2,800, the dealer isnât likely to pass on your offer. Also, in a private sale, the seller prefers cash before accepting any kind of bank check. Used Car Buying SmartIf the deal isnât to your liking, then simply walk away. Youâre not committed to anything until after the paperwork is signed. Once signed, then take possession of the keys and the vehicle. Call your insurance broker for coverage, then head over to the DMV for tags and plates. See Also â 6 Points About Buying a Used Car Photo courtesy of Pixabay. The post How to Find a Deal on a Used Car appeared first on Auto Trends Magazine. How to Find a Deal on a Used Car published first on https://jacobslowpriceautoglass.tumblr.com/ via Tumblr How to Find a Deal on a Used Car
0 Comments
Leave a Reply. |
AboutI love automotive since from my childhood and I have idealize learning about automotive. I had been working in a automotive industry for years in various capacities from sales, management, consulting and marketing. |