If you want to buy a car, then you’ll want to make sure that you don’t end up making a mistake. Sometimes sales staff will try and push you into buying a vehicle that comes with extra features, or even one that is more expensive. This can be frustrating, because you may not know who you can trust in terms of advice. If you want to help yourself here, then you need to try and do your research beforehand, so you can make an educated decision.
Older Cars are Cheaper than Newer Cars
Did you know that if you buy a car that is just one year old, you can save 25% on the price? This is especially the case if you go to the right dealer. The main reason for this is because motors depreciate the second they are driven off the lot. The depreciation rate slows to around half, in the second year. If you pick a model that is one year old, then this can slash the upfront cost and you may even find that you can get all of the benefits of a new car too. There are exceptions to this rule, depending on the vehicle you are buying. If you are picking a plush model, then of course, the price is likely to stay very high regardless, so make sure that you keep this in mind. Some of them include brands such as Mercedes-Benz and Porsche.
Find the Right Dealer
You also need to make sure that you are finding the right car dealer. Look for someone who has a lot of different cars for sale. You also need to find someone who is able to give you a good deal in terms of your financing, too. The best way to do this is to look up reviews of all the dealerships in your area. You can then find out who is going to give you the best rate and who is not going to push the sale too much.
The Best Time to Buy a Used Car
When you have a good idea of the car you want to buy, you then need to take the time to find the best deal. One way for you to do this is to simply buy at the right time. Dealers all have targets that they have to meet. They also have bonuses up for grabs, too. This is all based on the quarterly sales that are made. They need to shift cars at certain times of the year, so this is the best time for you to take out a very attractive financial package. If you are buying from a private seller, then there’s probably not going to be a good or a bad time. Private sellers do not have targets to meet, other than the price that they want to get for the car.
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