There are a lot of risks involved with buying a used car, especially if you aren’t an all-knowing automotive enthusiast. Fortunately, there are guides to help buyers of all ages spot bad deals and how to stay away from them. Check out this guide to buying a used car, then come see the wide selection of inventory currently available at Pfeiffer Plainfield.
Set a Budget The first step in making any major purchase is to set a budget and stick to it. Buyers who choose to finance a vehicle should make sure the monthly payment doesn’t exceed 20 percent of their income. Other costs, such as insurance, aftermarket accessories, and insurance can play a major role in the price of the car.
Make a List of Cars Once you’ve got a solid budget, it’s time to make a list of cars. Start by creating a list of cars that meet your needs. A muscle car, for example, won’t do for a family of five, but a crossover or SUV will.
Next, find the average price of each used vehicle on your list. Make sure prices are regional to your area. It wouldn’t hurt to check out some used models currently on lots within a 50-mile radius. Cross-reference vehicle prices with your budget and eliminate those that go above what you can afford.
Find a Car Find the vehicles on your list by looking at dealership inventories online. Inquire online or make an appointment to stop by the dealership to look at a specific make and model. Once there, examine the car, then ask for a vehicle history report. Keep an eye out for signs that indicate the car wasn’t properly cared for, such as long gaps between service appointments. Work to narrow down your list to a select few cars.
Negotiate Once you’ve found a car you like and fits into your budget, work with the dealership to negotiate a fair price. Consulting online sources to estimate the fair market value will make working with the sales staff much easier. Some dealerships may be willing to throw in a few extras, such as aftermarket accessories, in order to make a sale.
Close the Deal With the price negotiated and agreed upon, it’s time to sign the paperwork and get financing. The dealership financing department can help streamline the process.
When all is said and done, drive away in your new car!