Getting a Good Value: What’s the Best Way to Buy a Used Car?

Are you searching for a used car? Whether you’re limited by your budget or are simply choosing a more financially smart option, it’s the right choice. While we all can appreciate new things, the value of a brand new car depreciates rapidly.

However, just because you’re buying a used car from Auto Liquidators Houston, it doesn’t mean you need to take a hit on value or quality. In fact, buying a used car most likely means you’re getting the best deal possible.

We want to help. Keep reading for all the things to consider when buying a used car.

Figure Out Your Budget

First, create a budget and  know how much you can comfortably afford for monthly payments. Nearly 80% of American workers live paycheck to paycheck because they fail to consult their budgets before financing things like cars, homes, loans, etc. Don’t make the mistake of putting yourself in unnecessary financial stress.

However, this also means understanding the other costs involved with owning a vehicle. For example, you’ll have monthly auto insurance payments, yearly registration fees, and fuel costs.

Get Financed

As noted above, most of us live paycheck to paycheck, which means you probably don’t have enough cash to buy a car outright. However, you shouldn’t take the first loan offered to you. Shop around for the best terms and interest rates.

Furthermore, it’s important to get pre-approved before you start shopping for a car. This will tell you exactly what price range you can afford. Sitting down at the dealership to buy a car only to learn you don’t qualify can be upsetting.

Typically, if you can’t get approved for a decent loan, you may need a co-signer. However, at Auto Liquidators Houston, we are here to work with your credit, even if it’s bad or non-existent.

Determine The Car You Want and Do Your Research

woman driving

Once you know your budget, you can start window-shopping for cars. Figure out the type of vehicle that will best suit your lifestyle. For example, if you’re primarily using the vehicle to drive around in the city, you’ll want something smaller with a good fuel economy.

Alternatively, if you like outdoor recreation like hunting, hiking, fishing, and camping, you may need a more rugged vehicle with four-wheel drive.

Finally, learning how to buy a used car and getting a fair deal means doing your research. Find models you might be interested in and figure out a reasonable price, both from private sellers and from dealers.

Shop Around for Good Deals

Now that you know how much you should be willing to spend, you can start shopping around for the best prices. We recommend starting your search online with used car inventories. You can also check community ads for private sellers.

If you have a few contenders, find out the specifics of the car (year, model, features, condition, etc.) and refine your research to figure out if the asking price is a good deal or not.

Consider Certified Pre-Owned Vehicles

If you wat to save money by buying a used car but also want a warranty, you should consider certified pre-owned vehicles. CPOs are vehicles that have been inspected and refurbished to like-new condition both mechanically and cosmetically. As such, they come with renewed manufacturer or dealership warranties.

This can give you peace of mind when driving off the lot. CPOs can also come with other benefits, too, such as roadside assistance, satellite radio, and more.

Get the Vehicle’s History Report

Finding a good deal also means knowing what to ask when buying a used car from Auto Liquidators Houston. For example, you’ll want to see the vehicle’s history report. A vehicle history report tracks important information about a car after it leaves the factory.

For example, it will tell you:

  • How many owners the vehicle has had
  • Where it’s been registered
  • If it was ever listed as a rental or leased vehicle
  • If there are any factory recalls on the vehicle
  • If the vehicle had major repairs or was in a serious accident

However, there are other questions you should ask, as well. Find out if any special promotions are going on at the dealership and if they take trade-in vehicles. You should also find out if there are benefits of getting financed through the dealership.

Take a Test Drive

When buying any car, it’s important to take it on a test drive. You want to make sure that you enjoy driving the vehicle. You can see how responsive the steering and brakes are, assess the turning radius and visibility, etc.

This is the perfect time to make sure all of the instrument panels work. Additionally, play around with all of the electronic features such as seat adjustments, heated/cooling seat features, air-conditioning, heat, entertainment features, and power windows.

Get the Car Checked Out

Next, you may feel more comfortable if you can get the car checked over by a mechanic. This is a good idea if you’re buying from a private seller. While most people aren’t “out to get you,” there are plenty of private car owners who will purposely forget to mention things that could lower the value of the car or interrupt a sale.

Negotiate

Finally, perhaps the cheapest way to buy a car is by learning how to negotiate with sellers. The asking price isn’t necessarily set in stone. You can always come in with a low offer and hope they’ll meet you somewhere in the middle.

However, you must be careful not to come in too low, or the seller won’t take you seriously. It helps if you know a fair asking price beforehand and are persistent with your offer.

Looking for a Used Car?

If you’re currently in the market for a used car, we can help. We have a vast inventory of used vehicles at unbelievable prices. We even offer a select inventory of cars priced under $10,000 to help people with low budgets find affordable and reliable vehicles.

Contact us today or come visit our dealership to find out more.

 

learn more about How to Buy a Used Car During a Pandemic

Getting a Good Value: What’s the Best Way to Buy a Used Car? | Liquidator Auto Sales – Houston, TX