5 Methods to Save Money on a Used Car
Buying a used can help you save more dollars when compared to purchasing a brand-new vehicle. Whether you are looking for a dream car or a cheap runaround, there are many options available in the used car market. Ultimately, the cost of a used car will depend on the features that you get. However, there are many ways to reduce the final cost of buying a secondhand car. Here they are:
1. Compare to Find the Cheapest Cars:
Instead of wasting your time and energy on finding a perfect set of wheels from one dealership to another, you should do your research and compare the cars online. It is advisable to compare the running costs of different models and drive home the cheapest car. Such options may include cars with smaller engines. The size of the engine shouldn’t be a hindrance unless you are looking for impressive fuel economy. A smaller engine can also perform better if used properly. These cars are available at a much lower price tag.
2. Negotiate the Sticker Price:
If you come prepared with proper research and homework, you can always negotiate the sticker price. Remember, the pricing of used cars is subjective. Hence, you should take every step possible for getting the best possible deal on your vehicle.
3. Avoid Unnecessary Add-On Features:
Every feature in a car comes with its own price tag. No matter how tempting it might be, you should refrain from splurging on unnecessary luxury features like a touchscreen navigation system, satellite radio and heated leather seats. Rather, you can opt for the base model of a popular brand to suffice your driving needs. You should concentrate on finding a vehicle that suits your needs even if it does not fulfill every desire. This helps in saving hundreds of dollars at the time of purchasing a used car.
4. Buy At the Right Time:
You can get the best deal on a used car if you buy it during the right season. Sometimes, dealers are willing to negotiate prices of vehicles at the end of some particular months to meet their sales targets. You should preferably look for a deal at the end of March, June, September and December when the dealerships try to clear up their inventories. If you are a savvy negotiator, you can strike an excellent deal in any of these months.
5. Choose a Certified Vehicle:
If you want to cut through the hassles of testing and checking under the hood of every used car on your hit list, go for a certified vehicle. These vehicles turn out to be the best buy because they are tested and certified by the manufacturer after conducting a series of inspections. Additionally, you will get a lot of perks like free maintenance, free oil changes, extra warranties and so on. This will reduce your cost of ownership in the near future after buying the car.
Also, you should focus more on the performance and engine conditions of a car instead of getting distracted by the overall looks. Follow these tips and you will take away an affordable and reliable used car.