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Used car ratings are the key to buying a used car
September 15, 2009
Buying a used car can be difficult but it must start with looking at the used car ratings that can be found online. Let’s take a look at how to do that.
If you’re like me, you enjoy the process of buying a car but hate that you have to go through the process fighting for the best price. If you’re buying a new or used car, the process of finding the make and model that you like is essentially the same.
The most important thing to know is that if you go to a dealership without first doing your homework, you aren’t going to come out of there with the best price. Dealers are hoping that you come in knowing nothing about the car, the price, or the value. When you do that, you are relying on their information and their information is carefully crafted to get you excited about the car to the point where price doesn’t matter.
The first thing you should do is get the used car ratings for the cars that you think you want to find. If you go to Edmunds.com, you will find reviews and ratings for all makes and models. Edmunds will allow you to make side by side comparisons of the cars you like. Don’t forget to print out the ratings and add them to your file.
Along with the used car ratings, you will see information about the used car value of each of your models. Using this information, you can shop the dealers. When you find the car you want, contact the dealer via the internet to check availability and get a quote. Find at least 3 dealers with the car you want.
Try to find cars that are comparable in condition and mileage and use this information, along with the used car ratings to negotiate the best price with the dealers. It’s also good to know what the overall market demand is. If dealers have full lots that are overflowing with used cars, you can expect to get a good deal if you work hard and are willing to walk away. If your car of choice is the top selling make and model, be prepared to pay a premium.
Finally, you should have the car inspected by a mechanic before buying and negotiate a longer warranty. Remember that used cars are sold as is unless a warranty is included in the contract. Getting the car inspected will be a pain and it will cost you money but it’s worth it.
Start with the used car ratings and go from there. Good luck with your purchase.