5 Hidden Ways to Save More on a Used Car
If you are looking to buy your first used car, you will find a lot of options available in the market. You have to make pragmatic choices depending on your budget and needs. Start your quest with proper homework and secure the best deals on used cars. This can be little confusing because there are so many things that go into a car buying decision. From looks to performance, engine conditions, and prices, you have to mull over every aspect that can affect your pocket. Here are some hidden strategies that can help in making the most of your purchase with better savings:
1. Understand Your Preferences And Budget:
You should be well-equipped with the knowledge about features that you can get within your budget. It helps in making the right selection when shopping around for the used cars. If you are running on a limited budget, you should stay open to the options like retired models or lesser known vehicles. Compare the options available at the popular dealerships in your area in the terms of prices, features, and specifications. Make a selection accordingly and choose a car that offers you maximum value for your money.
2. Overlook The External Flaws:
When buying a used car, performance supersedes every other factor including the external looks of the vehicle. Here, it is more important to check the engine conditions instead of getting deviated by the dents on the exteriors. The looks should not be prioritized over the performance in a used car. You need to peek under the hood of the vehicle to look for severe damages if any. Repairing the engine damages can prove costly. You should avoid this mistake to save your valuable money.
3. Prefer High-Mileage Vehicles:
In the used car segment, prices are widely dependent on the mileage covered by the vehicle. In this regard, older vehicles having more than 100,000 miles on their odometer offer much better deal in terms of prices. They are affordable than the younger models having a low mileage. Despite the fallacy of unreliable performance in older cars, they offer more value in the long run. The average powertrain of the cars manufactured by reputed brands lasts up to 275,000 miles. Hence, instead of worrying about the life of the car, you should check its internal conditions for making a wise decision.
4. Negotiate the Prices:
As a buyer, you should never give up your power to negotiate car prices with the dealer. There is no compulsion to pay the sticker prices of a certified used car. Rather, you can ask the dealer to give additional discounts and perks on this sticker price. If you research deeply and gain thorough knowledge about the vehicle, you can negotiate a little extra at the time of payment.
5. Invest in a Certified Pre-Owned Car:
Most of the experts recommend buying certified pre-owned cars if you are looking for more savings. These cars are deeply tested and certified before coming to the showroom. They are reliable and safe to drive. Most importantly they save your money in the form of free maintenance, free oil change, extended warranties, and other perks offered by the dealers.
Follow these tips and buy a used car smartly.