In the fast-paced world we live in, owning cars is an essential
necessity in life. With a car, you can manage your life easier, and
New car buyers usually buy their car in used car dealership to save money.
Most people consider getting another used car and usually sell their first car.
Here are some tips to get you started in buying or selling used cars and in the same time, getting the best deal possible.
Used Car Buyers
The first thing you should consider when buying a used car is
how much you are willing to spend. Knowing what you can and cannot
afford is the first step when buying used cars. Saving money is mainly
the reason why most people buy used cars. Another reason is that they
want a specific model of a car but cannot afford to buy a brand new
one. To get the best deals possible you should research, and research
To know how much you can afford you should first figure out
your monthly net income. To get the exact figures, you have to first
get your total monthly gross income then, deduct all of your monthly
expenses like; groceries, insurance, rent payments, mortgage, etc. the
result will be your net income.
After you figure out your monthly net income, you should ask yourself:
• How much am I willing to spend on a car?
• How much is the down payment?
• How much can I afford on monthly payments?
While calculating these three important numbers, you should also
consider the cost of fuel, registration and insurance. Find out if the
vehicles you are interested in are still capable of giving many a good
mile to gallon of fuel ratio.
Contact your insurance company to know how much your monthly
payments will be on each of the cars you are interested in. Give
considerations if the vehicles have safety features like airbags, and
anti lock braking system or ABS. Insurance companies usually give
discounts if the car has these features.
The biggest disadvantage to buying a used car is the lack of
warranty. Private sellers often do not include any warranty on the car
they are selling. Another problem when you purchase a used car is the
risk of buying a junk.
You may have purchased the car for a very low price but you
could have bought a car that will drain your money on maintenance
It is always wise to inspect the car thoroughly first before
deciding to buy it. If possible, try to find out about the car’s
history. Get some of the car’s service records for you to know a bit
about the car’s history.
Selling Used Cars
Selling your old car can prove difficult and time consuming.
Most people who tries to sell their used car often gets tired and will
just trade it in or sell it in a very low price.
Here are a few tips on selling a used car to get you the best deal possible.
Once you decide to sell your old car, the first thing you should
do is set a price for it. To help you with the actual value of your old
car in the market, research the car’s make and model in the internet or
in your local used car dealership. Ask around.
After you figure out the market value, find out how many
vehicles that are similar to yours are in the market, then, increase
the price of your old car just a little. This can be helpful when a
buyer tries to haggle, which they often do. This gives you an allowance
The next step would be evaluating your vehicle. List down your
old car’s accessories and other added expenses. This would be a good
way to further increase your vehicles price.
You should also include in your list about the condition of the
vehicle. The better the condition the faster it sells. You should also
present you car’s service records to the buyer.
A service record is a good way to know about the car’s history.
If your old car’s service record were clean (no accidents, good
maintenance) it would sell faster.
About The Author
John Rivers is the editor of Cheap Car Finder. Browse our huge database of used cars. Over 300,000 listed.