Best Places to Buy a Used Car
By: Good2GoPublished: May 18, 2015
You have decided it’s time to replace your car or perhaps this is going to be the first car you have ever purchased. Either way, buying a used car often leads to a mixed bag of emotions. It’s fun and scary all at the same time. After all, it’s one of the most expensive purchases you will make other than buying a home of course. Take your time, relax, do your research, enjoy the journey, and the results will be worth the effort.
Most folks are comfortable with the initial stages of buying a car. They understand the necessity of a budget and have at least some idea of what kind of vehicle they want. That’s the exciting part!
It is often the next part of the process that seems a little overwhelming. Where do you go to buy your dream car? Seems simple enough, right? Instead it is often the most difficult question to answer, but don’t worry we’re going to explain each sales channel along with their pros and cons. Once you understand some industry basics you’ll be able to use the system to your advantage.
The key to buying a used car is to not limit your initial research process. Knowledge is power. The more you know the easier it will be to make an informed decision.
To start, let’s look at a general overview of sellers of used cars.
|Type of Seller||Pros||Cons|
|Authorized Dealer||Backed by Automaker; Certified Pre-Owned Cars; Local; Can See and Touch||Higher Prices; Limited Selection|
|Independent Dealer||Affordable Options; Flexible Financing; Local; Can See and Touch||Small Selection; Dubious Reputations|
|Private Party||Less Price Inflation; Room for Negotiation; Can See and Touch; Local||Unknown Reputation; Vehicles Sold As-Is; Possible cost of travel if not local; cost of mechanic|
|Online Forums||Large Selection; Finance Options; multiple tools to aid in setting buying parameters.||Buying sight unseen; could require cost of travel; Unknown reputation; the further away the less chance of recourse if problems develop|
At the end of the day you need to think about how you like to do business and the things you’d like to take away from the experience. Do you like to deal with people face to face when you buy? Or do you feel comfortable buying directly from the internet, especially on a high ticket item? If you aren’t quite sure which buying method would work for you at this time that is completely normal.
Online forums are always a good place to start even if you plan on buying from a dealer or private party. Forums have a large selection of cars to review all in one place. They have parameters set up that allow you to plug in your budget criteria or desired car features. You can quickly get an idea of whether or not your dream car falls within your price range. This research will give you the knowledge and assurance needed as you pursue other sales channels.
With the information you have gathered, you can now check out different dealerships locally with a little more confidence. The obvious advantage of this method is that you can see what you are buying first hand. You can test drive the vehicle, talk to the salesman, and research the reputation of the dealers. For those who might be a little more intimidated dealing with salespeople, having your facts in hand can relieve any feelings of anxiousness. Dealing with private parties has a higher risk factor involved, but there can be significant savings. You can never be completely sure what kind of car you’re actually getting. If you are not a mechanic it is important to use one here. An experienced person will be able to spot flaws and discrepancies with ease. This will ensure that you don’t buy an unfit car, even if there are potential “savings.”
Remember no matter what avenue you choose you are always in control. Whether dealing with a dealer or private party never be afraid to say, “I am just looking” or “I need more time.” Until you feel 100% confident in your decision, simply say no. In the end you will be glad you did.
You have done your homework and bought the car you’ve always wanted. Now it’s time to start shopping for affordable auto insurance coverage. Lucky for you, Good2Go Auto Insurance has been helping drivers get back on the road for over 25 years. With affordable down payments and low monthly payment plans, Good2Go specializes in minimum coverage car insurance. Interested in a quote? Our process is fast and simple. We believe buying car insurance doesn’t have to be complicated. Receive your free auto insurance quote online today! You will be glad you did.