Buying Used Cars In Today’s Economy

young driver insuranceIf you’re looking to purchase a vehicle that isn’t going to lose much of its value right after you drive off the lot, then buying a used car is a great choice! There are a lot of great deals out there to be found, and that can mean major savings in your pocket. If you’re ready to get out there and see what’s available, then these are the following options you have for buying a used car.

1. Through A Dealership

One of the most common ways to purchase a used vehicle is by going to a car dealership. The key to making this less stressful is to do a little bit of research online to determine what you’re looking for. That way you walk into the lot with a good idea of what you want, which can potentially save you money. In addition to this, you should also take out a loan before you start shopping (if you need one). If you apply with your local banks or credit unions, you will know exactly how much you are approved for so you don’t go over budget.

Once you’re at the dealership, don’t tell them what your maximum budget is. Instead, tell them you have a few thousand less than that, and search from there. If you end up finding a vehicle you like, take time to have it inspected by an independent mechanic. This might cost you $100, but it’ll be worth it if they find flaws that could cost you more down the road. If the car is good to go, then you can head back to the dealership to negotiate a deal and sign the papers!

2. Buying Online

car valuationThe fastest growing way to buy a vehicle is through online websites such as, ABL Autoankauf which offers you access to thousands of used vehicles at affordable prices. This website can help you save money and give you expert advice on how to choose a vehicle.

3. Through a Private Seller

Although it might be more work, purchasing a used car through a private seller can mean saving a lot of money. Start this search by looking on used car websites in your local area. After this, head to your local bank or credit union to get a loan, if you can’t pay for the vehicle with cash. Make sure you search around for the best interest rate, as this can end up saving you quite a bit of money over the course of the loan, especially with an expensive car. Once you’re approved for a loan, grab a friend (don’t skip this, it’s for safety) and head over to meet the private seller in a public area.

Let them give you information about the car, but make sure you take it for a test drive to a local mechanic to have it checked out. This is something you should never skip, especially since a lot of private sellers aren’t 100% honest. If the car looks good and you decide it’s the one for you, then have them sign over the title and pay them using the loan that you took out.

How will you approach buying a used car? Either of these options can get you seated in a new vehicle, so take time to decide. You might even want to explore both options to determine which is the right choice for you.

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Liam Ross
Liam Ross is a business consultant with a focus on information technology and digital advertising. He been a successful writer online for many years having contributed to Business.com, Huffington Post and Yahoo News. He is currently working on a book about the rise of social media and how it has altered our buying habits.