Monthly Archives: March 2014

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Save Your Dollars By Purchasing An Older Auto Rather Than A New One

Although we all love the smell of a brand new car as well as the pride that comes with owning a new car, it could be worth your while to buy a car a year or two old. My grandmother told me years ago that I shouldn’t ever buy a new car. Her recommendation appeared to be to find a car that had not clocked up too many miles and was around two years old. This should mean that the car I ended up owning was in fairly good order especially since any work that had been needed on it up to that point would have been carried out.

Even though this made sense to me and I had been living by that principle ever since, there are actually other reasons why buying a car a few years old is a good choice. I will now expand further on just why buying a car that is not overly old can result in saving you a bunch of money.

The truth that a new vehicle’s value reduces by thousands once you have driven away from the car dealer is a factor you have maybe not thought about. Perhaps you believe you have bought a car that is the best value for money if you paid $25,000 for instance but in reality you haven’t. The instant you drive that car off the lot it may possibly now only be worth $20,000. This means that in a matter of a few moments and a few miles you just lost $5,000.

If you think I am exaggerating, go and get a new car. If you do, only travel in it right to your home. Then the next day bring the car back in the dealer and ask them how much you can get for a trade in. When it comes to trading in the car you might expect anywhere between $15,000 and $20,000 and this is for a car you purchased for $25,000 the day before.

Over the years this has been the standard manner of doing things. There are cases now where for approximately 30 days a dealer will give you the full original value back if you are trading in your car. In essence, after 30 days, you have still got to come to grips that you are looking at a loss of $5,000. You could perhaps make a greater loss if you try to find a buyer for your car yourself.

A two year old car will not bear that kind of deficit when you are purchasing it from a car dealer in the same way. In addition to this, any troubles with the car should have been ironed out as my grandma advised. So when you view it that way, by purchasing a pre owned car with low usage you will actually be getting more for your money than if you bought a new car at the dealership.

Therefore when getting a new car, these are all factors that you must consider. You might have to give up the attraction of a new car to find yourself with the most cost effective transaction.

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Take The Misery Out Of Car Shopping

Do you think you get ripped off when buying vehicles? You might feel like you got ripped off in the past. It is for this very reason that you are unable to head into any car dealership with the intentions of making a deal with a friend. Read on further for more advice and information regarding the subject.

If you cannot make a deal, you might be wasting money. It is never smart to pay sticker price on a car. They purposely inflate the value to dicker with you, and you need to remember this fact.

Make sure your budget is determined prior to visiting a dealership. If you are shopping for a car, never exceed your budget. He doesn’t have to pay the bill!

If you want a new car, contact the bank first to see if you qualify for a loan. This is just for your own security. Dealerships usually can help you get a rate that’s better than your personal bank, but you should always know beforehand the interest rate that you are willing to work with.

Consider shopping for your new car towards the last week of the month. Most car dealers have quotas for their salespeople that they are trying to meet at this time. When the month is nearly over, you can get a better deal, since your salesman may be trying to meet his quota.

The prospect of buying a new car can be simultaneously exciting and daunting. It is possible to save a lot of time, and money, by shopping at home. There are places on the Internet that have tools to help you find the car you need and want. These sites can be a great asset when looking for great value.

Don’t go along with the deal that the dealership offers you. It is probably not the best deal for you. With the right tools and information, you can negotiate the best possible price and terms. Use what you learned here, and get the most car for your money.