Used Car Buying Tips, Mechanical Tips and More
Ask Billy > Used Car Buying Tips
Just the facts
1. Every one drives a used car. Whether you buy new or used, it is used the minute you drive off the lot. Why not buy a used car, that the previous owner has taken the hit on the depreciation.
2. Long term loans are not always the best. Though they affer a lower montly payment, a long term loan usually is interest heavy for the first three years. The average time a person is ready to trade or upgrade is 3 years. With a long term loan after three years of paying just interest, the principal is still due, making it harder to get out of. We have all heard of the term upside down in your trade. And rolling over a balance into the new car makes it even harder to trade later on down the road. Try to avoid the roll over and the excessivly long term.
3. Another payment related tip is to at least put the taxes and tags down so they are not financed. This will also make it easier to plan for a trade in the future when you wish to upgrade or your needs change.
4. The least expensive price is not always the best way to go. We have all heard the term you get what you pay for. In this industry this is true. The best value for your hard earned dollar is the goal. Isnt a good deal purchasing the vehicle that fits your needs, at a fair price, from people you like, that will take care of you after the sale?!! Do your due diligence to compare apples to apples, why would you buy a vehicle form a dealer that does not even offer service on site?
5. Reputation precedes itself. If a dealer has a good reputation for taking care of the customer after the sale, that should be a priority. Ask them for an evidence manual, or a list of referal customers that would give them a high recomendation.
Automobile shopping is a stressful proposition. Do business with a reputable dealer who will take care of you after the sale. Stick to the basics and your experience should be an enjoyable one.


