Because new cars lose 15 – 20% of their value as soon as you drive them off the lot, buying a used car from Auto Liquidators Houston can be a much better value. However, not all used car purchases are equal. Below are some ways you can save money when shopping for a used car.
Set a Budget
Before you start the car shopping journey, it is a good idea to determine how much money you can afford to spend. Go over your budget and define the maximum amount you can spend each month on car payments, fuel, insurance, and maintenance costs. Once you have your budget in mind, try to only look at vehicles that fit your budget. This way, you avoid the temptation to overspend on a car you like but can not afford.
Choose the Right Car for Your Needs
If your goal is to purchase a late model vehicle with the latest bells and whistles, without paying the premium for a new car, then you should probably look at vehicles that are one to three years old. The original owner of these vehicles has already taken the largest depreciation hit, so you can enjoy a like-new vehicle at a used vehicle price. However, if you want to get the maximum value at the lowest possible price, consider a model that is a few years older.
A well-maintained, low-mileage certified pre-owned vehicle from Auto Liquidators Houston can provide you with years of reliable transportation at a bargain price.
Look for Durability
When purchasing used cars, you need to consider the cost of maintenance and repairs when determining whether you are getting a good deal. A low price on a car that will constantly be in the shop is not going to be a good value. Do your research before you buy. Auto buying guides, such as “Consumer Reports” or Edmunds, can provide you with useful information on the reliability of the model car you are considering.
However, you also need to know about the history of the specific car you are considering. A history report from a service such as CARFAX is a good place to start. It is also a good idea to ask for maintenance records and have a mechanic you trust look over the vehicle. Our buy here pay here Houston lot offers a free warranty, 50-point quality assurance inspection, and a full vehicle history report so that you can feel confident that any vehicle you purchase from us will be reliable.
One of the best ways to assure you are offered a good price on a used car is to research what other similar models are selling for in your area. Good places to check are online listings, such as Edmunds and CarGurus, and other dealerships in your area. Consider creating a spreadsheet with a listing of asking prices and take it to the dealership with you.
Cash is the cheapest way to buy a used car, but most buyers can not afford the full cash price. Make sure to check with your bank to know what sort of financing options they can offer you before you begin shopping. Longer loans will come with lower payments but higher overall costs because you will usually pay a higher interest rate for a longer time. You can save some money on your purchase by keeping your loan term as short as possible without exceeding your monthly payment budget.
Our easy in house financing is available to most buyers, even if they have low credit scores or other credit issues. Our finance experts can approve you for financing in as little as 20 minutes with a down and monthly payment you can afford. You can also make your monthly payment on our secure website, and we report your payments to the credit bureau, so your on-time payments will help you build a positive credit history.
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How Buying a Used Car From Auto Liquidators Houston Can Save You Money | Liquidator Auto Sales – Houston, TX