Common Questions Surrounding Used Cars and Used Car Pricing
By: Todd E
What should I consider when buying used cars from a private party?
Purchasing a used car from a private party (i.e. your neighbor) can be a very good move provided that you do your homework. Negotiations are lower key, and many people find it easier to trust a private party than a pro at a dealer. Also, when purchasing from a private party, you do not have to pay the overhead associated with buying from a dealer. When buying from a private party, it is best to review a complete maintenance log. Also, note that private parties do not cover mechanical problems that arise after the purchase (some car dealers won't either.)
Is it a bad idea to buy a used cars from a new car dealership?
There are a number of benefits to purchasing used cars from a new card dealership. Many "certified" used cars come with some type of warranty. Also, you can often negotiate used car prices down quite a bit when working with a dealer. The downside is that you are typically negotiating with an individual trained to squeeze money out of you. If you are easily intimidated in negotiation, a new car dealership may not be your best move.
What about used car lots?
Used car lots are typically a bad move. Used car lots offer no warranties. In addition, they typically pay more for their vehicles (because they are not trade ins) so there is less room for negotiation.
About The Author:
Todd E is the owner of http://www.smarterpurchase.com a free car information and price quote website.
