Going to a Used Car Dealer

by Naren S. Freelancer Blogger

Are you interested in purchasing a used car? Whether you’re looking for a cheap car or fuel efficient one, what matters most is that you get a deal you are going to be happy with, both personally and financially.  While you may be excited about the prospect of buying a used car, you may also be wary of getting scammed. This is a concern for most people, no matter if they are buying a used or new car. That being said, you shouldn’t have to worry that something bad is going to happen. Every day, thousands of people successfully purchase a used car. There is no reason to believe you can’t also. Following these guidelines can help.

Do Your Research

Above all else, researching is the most important thing you can do. With the help of the internet, it is easier than ever before to research used cars for sale in your area. Along with this, you can learn more about the finer details of each make and model. There are also sites that let you look up a certain car’s reliability record, gas mileage, and accident history. Any information you dig up online is going to come in handy.

Never Feel Pressured to Buy

There is a reason used car dealers get a bad name: many sales people employ high pressure tactics hoping that the buyer will crack and make a bad decision. If you begin to feel pressured, remember that you have every right to walk away. Even if you like a particular car like used Volkswagen, you shouldn’t hold yourself hostage to a bad deal. Instead, walk out of the dealership to clear your mind. There is no saying you can’t go back in the near future if you decide it is the right move.

Line up your Own Financing

Are you aware of the fact that car dealers are able to make additional money if you finance your purchase through them? Did you know you can negotiate the interest rate of your loan? Many people are under the impression that they have to use the dealer’s finance department. But there is actually nothing wrong with lining up your own financing before shopping for a used car. This will put you in charge of the process from beginning to end, and you won’t need to worry about being ripped off.

Know these Terms

You may never know all the terms used by car dealers, however, here are just a few you may want to be familiar with:

Term length: the length of your car loan, typically ranging from 12 to 72 months.

Trade-in: bringing in your old vehicle to a car dealership to help pay for a new one.

Annual percentage rate: a method of expressing the interest rate of a loan (the higher your interest rate the higher your monthly payment).

With these points of advice, you will never again have to stress out over the process of visiting a used car dealer.

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Created on Mar 5th 2018 01:52. Viewed 745 times.

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