Used cars are a great way to save money on your next vehicle purchase. However, there are a few things that every used car dealer knows that you may not be aware of. Here are 10 secrets every used car dealer knows that you should be aware of before making your next purchase.
- Many used car dealerships offer to finance.
If you’re looking to finance your used car purchase, many dealerships will offer in-house financing. This can be a great option if you have less-than-perfect credit, as you may not qualify for traditional bank financing.
- You can negotiate the price of a used car.
Just because a car is listed at a certain price doesn’t mean you have to pay that amount. Used car dealers are typically open to negotiation, so don’t be afraid to haggle a bit to get the best price possible.
- Get a vehicle history report.
Before you make a purchase, be sure to get a vehicle history report. This report will tell you important information about the car, such as whether it has been in any accidents or if it has been recalled.
- Have the car inspected by a mechanic.
It’s always a good idea to have a mechanic inspect a used car before you make a purchase. They can check for any mechanical issues that may not be apparent to the naked eye.
- Test drives the car.
Of course, you’ll want to take the car for a spin before you make a purchase. This will give you a chance to see how it drives and to make sure there are no obvious problems.
- Check for mileage limitations.
Some used cars in miami may come with mileage limitations. Be sure to ask about this before you make a purchase, as you may be responsible for any repairs that are needed if you exceed the mileage limit.
- Check the warranty.
Many used cars will come with a warranty. Be sure to ask about the terms of the warranty so you know what is covered and for how long.
- Compare prices.
Don’t just buy the first used car you see. Be sure to shop around and compare prices to ensure you’re getting the best deal possible.
- Read the fine print.
Before you sign any paperwork, be sure to read the fine print. This will help you avoid any surprises down the road. If you are thinking about a pay day loan, consider taking a cash advance on your credit card instead. Even if the interest on your credit card is high over 25% it is still cheaper than the interest rate on payday loan. With a fee of 15% on a two-week loan, which is pretty typical, the annual interest rate tops 400%.
- Know your rights.
As a used car buyer, you have certain rights. Be sure to familiarize yourself with these rights so you can safeguard your purchase. The FTC’s Used Car Rule requires dealers to display a Buyer’s Guide in every used car they offer for sale, and to give it to buyers after the sale. The Guide contains information on the car’s warranty, if any and other information that buyers are entitled to know.