The used car market is vast, with hundreds of different makes, models, and years on the market. Finding the right used car can be challenging, which is why it is important to know how to find unexpected value and hidden gems in the used car market.
#1: Shop Used Rental Cars
Used rental cars often get a bad rap. Many people wrongly believe that all used rental cars were driven too hard and are not in good shape. The truth is that rental car agencies take good care of their cars to please their clients. They take good care of their vehicles and follow all recommended maintenance. Used rental cars are usually sold relatively cheaply, especially if you purchase one directly from the rental agency's lot.
#2: Look for Luxury
Don't be afraid to look for a nicer vehicle. When it comes to a good value, a used luxury vehicle often offers you the biggest value, as the price may have depreciated more than a standard vehicle, while the vehicle still comes with some high-end features that would cost you a lot to purchase brand new.
#3: Check Redesigns
Next, if there is a vehicle model that you like, check and see when the last time significant changes were made to the vehicle. If the car has not had any major redesigns in a few years, you can probably score that vehicle for less, as the car hasn't undergone any major changes. The same goes for if a new model just came out for a vehicle; the older model that was out for a while should go down in value.
#4: Look Outside Your Area
It is important to look outside your local area when looking for a used car. Pay attention to the competition. For example, if you want to purchase a used vehicle of a specific model, and only one dealer is selling certified pre-owned vehicle of that manufacture in your area, you are going to want to look in a city where there are multiple dealerships and more competition, which can lower the prices.
If you are looking for a specific type of vehicle, such as an all-wheel-drive vehicle, and you live in an area with lots of snow, look outside your area for a rental. There is probably a lot of competition for an all-wheel-drive in a snowy area but not so much in an area without snow. Looking in a place with more dealerships selling similar vehicles can help you get a better price. Looking in a place with less demand for your type of vehicle can also help you find a good deal.
#5: Shop at the End of the Month
Finally, most car salespeople work on commission and have monthly sales goals. Going shopping at the end of the month when you know what you want, can give you a little more leverage in negotiating a used car price. If you are on a strict budget, you may be more likely to get a car salesperson to give you a good deal at the end of the month.
If you are trying to get a good deal on a vehicle, consider used rental cars, luxury models, and vehicles that have not been redesigned for a while. Consider competition when shopping, and leverage the end of a month for a good deal.
To get started on finding a used car for sale, contact a local auto dealer.Share