7 Tips To Help You Save Money When Buying A Used Car

Are you in the market for a used car that’s nice, but won’t break the bank? Make a smart choice, by following these 7 Tips before going car shopping and closing the deal:

Car Shopping Tip #1: Know how much car you can afford before you buy.

A good target is 10% or less of your monthly income going towards a payment.

Car Shopping Tip #2: Make a list of your top 3 car choices and start early.

Give yourself at least 3 months time to do your research and negotiations. Don’t rush into a deal, you may be sorry later on.

Car Shopping Tip #3: Buy a car that is 2 years old and just off a lease or recent trade in.

Doing this will enable you to avoid a big chunk of the depreciation at the start and still have a great car.

Car Shopping Tip #4: Use websites like KBB.com, TrueCar and Edmunds.

Using these new and used car pricing websites, you will get an idea of prices you’ll pay and reviews of the used cars you are considering buying.

Car Shopping Tip #5: Start your search for used cars on AutoTrader, the largest car sales website.

They list millions of new, used, and certified second-hand cars from thousands of dealers and private sellers. Then you can compare prices you found by searching on Ebay Motors, Craigslist and reviewing the local newspaper.

Car Shopping Tip #6: Pay for you used car in full.

If at all possible, it’s always a good idea to pay for your car in full when you take delivery. You won’t have another monthly payment to make, and you stand to save big bucks on interest costs, especially on longer-term loans.

Car Shopping Tip #7: Deal with the Internet Sales Manager.

If you find a used car you like at a dealership, make notes on the car and the price and leave. Then connect with the internet sales manager via email and text messages to start the conversation. By approaching your car buying like this, you can avoid dealing with high pressure sales tactics from the dealership’s usual car salespeople. And you are more likely to get a fair price faster.

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