Purchasing a Used Car from a Dealer

Purchasing a used car from a dealer can be a tricky deal if you’re unaware of what you should be watching for. There are some important things you can do to make sure you’re getting the best deal possible. It’s also key to inform yourself as much as possible before stepping onto the lot to give you the most negotiation data.

Usually, the first part to any car purchase, even an online car purchase, is getting the right financing. While you want to make sure you have enough for the car you prefer, you don’t want to pay an exorbitant amount of interest at the same time. Shop around to see which finance companies can give you the best rates and the best return for your monthly payment. The interest rate alone can save you hundreds, if not thousands, off your used car purchase.

You also have the right to see the accident history of a particular vehicle you’re looking at. If there is one that you would like to see some information on, simply request this report either online or in person with the sales staff. This will tell you how many, if any, accidents the vehicle has been involved in, and what level of damage was reported to the DMV. You can use this data to see if the main structure of the car is safe, or if you prefer to look at something else. When you make a purchase from an individual versus a car lot, you can acquire this information from the DMV with only the VIN number.

One of the main benefits of purchasing a used car is that you immediately save on insurance. The insurance rates for a new car are much higher due to replacement costs and the level of risk. However, you can have reduced rates with a used car simply because of lowered value. In fact, when you make your purchase, ask about any remaining factory warranty that may still be with the car. You can have this as a first option, and then talk about getting an extended warranty from the sales lot themselves.

Clearly buying a used car is about saving money, and you can continue on with this by making sure the gas mileage is going to fit your needs. There are major differences between a truck that gets less than 20 miles to the gallon and the sedan that offers over 30 miles a gallon. These add up quickly when you commute or take your kids to several sporting practices and events. Looks are important to the owner, but so must the capability of the engine and all its working parts. Finding something efficient will keep money in your pocket on a long-term basis.

You can also check the Blue Book value of a car before you potentially purchase it. By checking this data, you can see if the listed price is too high or quite a bargain. Remember also that you have the right to have the car checked out by a mechanic of your choice. Do this before you sign any contracts, and still have a chance to back out of the potential sale if the mechanic declares it to be a lemon.

This one step can save you a lot of headaches and trouble when you're purchasing a used car from a dealer, because sales are typically as-is, especially when working with an individual owner. If you are new to the title transfer process, check with your local DMV to get the right information. Taking care of it all at once is the simplest way, and they will help you gather information to do just that.

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