Getting the Best Deal for your Money When Buying A Car

Ideally, Choose a Leased Car if you Want to Save Money

If you’re in the market for a new car, it may be best that you choose a car that is a little over a year old. Brand new cars depreciate as soon as you drive them off the showroom floor, so if cost is a priority, pick a car a little older. You’ll probably strike up a pretty good deal if you choose a car that’s previously been leased. Usually, car dealers are rather choosy when it comes to selling leased vehicles. A car that’s been leased is normally a good buy for two main reasons:

  • A previously leased car generally has fewer miles – most leased autos carry limitations with regards to the number of miles that can be driven.
  • A car that has been leased is usually in better condition. Dealers are likely to charge owners of leased vehicles if the car suffers from more than the amount of use considered acceptable.

If you are shopping around for cars now, call a dealer who sells the make and model you like and ask him to keep his eye out on any cars that have been previously leased or whose lease is scheduled to soon be ending.

Stay Away from Rental Cars that are for Sale

On the other hand, don’t opt for any rental cars that are offered for sale as they usually aren’t reliable choices. Most of these vehicles will have accumulated too many miles and will have taken far more abuse than cars that have been owned or previously leased.

When Buying a Used Vehicle, Obtain the Lowest Price Possible

If you do choose to buy a used car from a dealer, make sure you buy the car at the lowest possible price you can negotiate. The margin of profit is much higher on a used car than it is for a new vehicle. You don’t necessarily have to buy a brand new automobile in order to get a car that runs well. Make sure though that you obtain a warranty, regardless of the car’s age, to safeguard your purchase.

Guarantee the Quality of a Used Car with Carfax

Check the background of any used vehicle you’re interested in buying with Carfax. Go to the Carfax site and request information about the car in question. They can provide you with information, once you supply them with the vehicle’s Vehicle Identification Number (VIN). That way, you can find out:

  • The actual miles of the car
  • Whether it’s been involved in any previous accidents
  • Whether it’s been salvaged
  • If the car has had any mechanical problems

Distinguish your Purchase from your Trade

If you have a vehicle you want to trade in, don’t jump the gun and offer any suggestions to the dealer that you indeed have a trade. First, make sure that you obtain the price you desire for the car you are intending to buy. Then, you can reveal to the dealer that you have a car to trade as well. You want to keep these two dealings as distinctly separate agreements to reap the most savings.