How to get the best deal on a used car
But like everyone else, you have to live within a budget, and it only stretches so far. You’re willing to be flexible to drive the car you want, but you’re conscious of your financial limits. After all, there’s a reason why you’ve been shopping for a used car. By doing your homework and a little negotiating, however, you should be able to reach a deal that suits you and the seller.
Buying from an individual
You’ve seen the car, and it totally meets your needs. It looks great, performs wonderfully, and you really want it. It’s time to do some research before making a formal offer.
The first step is the have the car inspected by a mechanic. It will be easy to lower the price if there’s a long list of repairs on the inspection report. But it’s important to strike a balance.
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The condition of the car, the presence of rust, broken parts or worn-out seats will influence the price.
If, on the other hand, the suspension needs to be repaired or oil is dripping from the braking system, you have two options: agree to pay the requested price, making sure the seller has the car fixed to your satisfaction, or have the price reduced according to the expected cost of the repairs. This first solution is more recommended. It’s really up to the seller to provide you with a used vehicle in good condition.
But how do we know the car is really a bargain? Do your research. While browsing through Kijiji Autos, you’ll see similar models in terms of mileage and general condition. Compare the prices. This will give you a price range and allow you to negotiate.
If the seller doesn’t want to be flexible, consider looking elsewhere. You’ll no doubt find someone ready to negotiate. There are plenty of used cars out there, and you’ll probably find another great option.
Buying from a dealer
Things are a little different here. Of course, you should always do your homework and study a list of comparable cars. This will give you an idea of what to expect.
The repair list is just as important, but mainly as basis for negotiation. Unlike individual sellers, dealerships selling used vehicles are required to provide warranties of varying lengths, depending on the year of the vehicle. Some used cars are even still covered by the manufacturer’s original warranty.
As for the price, there’s only one thing to do: negotiate. It’s not always easy to get a reduced price, but you may find common ground by having winter tires or floor mats added to the deal.
And if the dealer tells you that the displayed car has been sold, which is quite possible, keep talking. They may have a car in their inventory that’s just as attractive at the same price! Don’t be too rigid, but explain that your budget is limited. If there’s room to negotiate, the dealer will try find a solution or model that’s right for you. They never want to see a motivated buyer walk away!