Great Tips to Help You Buy a Used Car

Following are 4 fast used car tips to help car buyers get the best car deal.

1 If you are buying a late model used car it would be a good idea to check the car financing rates on that model.
For example the interest rate on the used model you are looking at might have you paying the same amount of money over the term of the loan as if you went and bought the same model new. That is if there are current incentives on that model such as 0% car financing are in place.

2 Never assume that a non commission salesman is under no pressure to sell a used car. Most car dealers are under a bonus program and their job is still based on performance so it’s safe to assume that they have their own interests in mind and may scam you.

3 When a used car dealer buys a car lets say from an auction or trade in they most likely use a wholesale blue book, for example they will use the Nada black book this is not the same book your local bank or credit union use’s in determining your cars value. This is important because so many dealers say they are selling you the car at book but which one? If you can you should keep your price marker using the trade in value from the Nada blue book which you can get a value from your local bank Idont suggest kelly blue book because it generally runs a bit high. You have to remember that blue books in general get their information from sent in reports from dealers and dealer only car auctions (you think they may have a vested interest in sending in some high reports you bet keeps value high).

4 If dealing with a good sized dealership and the salesman are on commission. You may want to buy near the end of the month they may get a bonus for units sold that month so they may be willing to give up a portion of their own profit on that specific deal to get the monthly bonus. This go’s for the used car manager as well.