Buying a used car is a great investment, often getting you the most bang for your buck. However, there are some important tips and tricks to keep in mind when researching, budgeting, and paying. Read on to see some of these tips for buying used.
According to KBB.com, you need to start with budgeting and research. Find out how much you can spend (subtract expenses from income), and be sure to account for taxes, title fees, registration, insurance, and fuel. It’s also important to research which car is right for you. Want a four-door or two-door sedan? Coupe? Hatchback or minivan? Look at what critics and customers have to say.
Next, find out the value of your current car. KBB.com is a great source for finding the value of a trade-in vehicle, and it can even tell you what to expect from a dealership versus retail value. Keep in mind that vehicle condition has a major impact on value. Sometimes we see what we want to see in our old cars—it’s fair to be a little more flexible with your trade-in.
Test drive the used car. You should never skip this step. Test driving can reveal things like engine noises and handling issues. It can also let you know if you really enjoy driving the car. Are there many blind spots? Do you like the feel behind the wheel? Could you drive this car every day for many years?
Finally, work with a salesman to get the best deal. When getting a used car, you’ll deal with three separate transactions—trade-in car, the car you’re buying, and financing. Spend time with the car salesman working out the best deal for you. And at H & H Chevy Cadillac, we are here to help you!