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Youve probably heard that a new car starts losing value as soon as its driven off the lot.
In most cases, a used car can be a much better deal than a new one.
it’s possible for you to get most of the same value for a lower cost.
Before making the purchase, look for the following things thatsavvy consumers consider when buying a used car.
Do Your Research Before Going To the Dealership
Being prepared is key when buying a used car.
Learn about the models youre interested in, their features and what they usually go for.
Also review the problems their users typically face and the kind of maintenance they need to retain their value.
If you want to save money, then buying a car with cash is the best way to go.
Typically, it’s possible for you to check a dealerships website to view their available inventory.
opt for cars that meet your criteria.
When buying a used car privately, carefully check the details and photos in the listing.
Identify the areas you want to inspect in person and create a checklist of potential issues to ask about.
Find out if they arent telling you about any past accidents or other issues.
Look for issues like rust or cosmetic damage that may decrease the cars value.
Youll likely want to do a more detailed technical inspection before purchasing.
Pay special attention to signs of wear and check functionality.
This way, you might avoid the pressure of making decisions in the high-stakes environment of a dealership.
Focus on the price of the car without discussing financing options.
Use the rate your bank offers as a baseline to see if the dealership can provide a better deal.
Use the best offer as a bargaining chip when discussing trade-in values at the dealership.
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