Becoming familiar with the tactics of the few bad actors in the used car marketplace can make you more comfortable as you shop and negotiate a great deal on a new used vehicle. Most used car dealerships aren’t looking to rip you off. Most strive to match customers with a great vehicle to meet their needs and budget. After all, happy customers mean repeat business.
When shopping for a used vehicle, get to know your local inventory; compare available models at different lots in your area to determine a fair price. Knowing you have other options will give you the upper hand while negotiating a deal. Be ready to walk away from unreasonable situations. If the vehicle you came to see is nowhere to be found or the terms of the deal don’t suit your budget, make it known that you have other options.
If you plan to trade in a vehicle, know its value before you show up on the lot. Clean vehicles that do not need repairs will fetch a higher amount of credit towards your trade. Come prepared with your maintenance records and be ready to tell the dealer if you feel you could get more money for your trade at another lot. Making it known from the start that you have been looking around may get you a better deal without much effort.
Some dealerships offer a free Car Fax report. Take advantage of this whenever possible or consider purchasing one for yourself, even if it isn’t free. This report can help you check the mileage history of the vehicle to avoid Odometer Scams and ensure that regular maintenance has been performed.
Read everything before you sign on the line. Whether due to an honest mistake or unsavory practice make sure you understand the bill of sale and or finance agreement before you sign. Ask for a breakdown of the total amount you are being charged. There are add-ons such as vehicle service contracts and GAP coverage that can increase the total amount financed. These are good products to have as long as you make sure the pricing is fair.
There are few sales transactions as stressful as buying a used car or truck. Protect yourself from unexpected costly auto repair with Cars Protection Plus. We’ll provide the transparency you need to get a great deal on a vehicle service contract. We hope that these tips will help you avoid common automotive marketplace scams and pitfalls.