Thursday, January 24, 2008

Some Tips For Getting A Great Deal On A Used Car

by Terry Bolton

You can get an excellent deal on a used car with a lot of life left in it if you're willing to put some effort into the search process and take a few precautions along the way. One of the main keys to getting an excellent deal on a used car is to buy from a party more interested in getting rid of or replacing the used car than interested in making a profit off it. Most of the time getting an excellent deal on a used car means not buying from a used car dealer, except when the dealer has had a particular car on the lot for a very long time.
Tip #1: Consider Used Cars From Rental Agencies
A lot of people recommend not buying a used car from rental agencies. They believe people who rent cars treat them poorly. But, that may not be good advice. While renters have been known to treat rental cars poorly, it does not happen often. Further, rental agency used cars' engines are usually maintained better than privately owned cars as they are put through constant maintenance during use.

Tip #2: Look Online For Used Cars
The used cars that you see advertised in the newspaper are a small sample of the number of used cars available throughout the U.S. This is mainly due to geographical limitations. Newspapers and other periodicals with classified ads serve a market within limited geography. Search for used cars online at sites such as UsedCars.com and CarsDirect.com. You will likely find a better deal on a great used car since you have many more from which to choose.
Tip #3: Get A Vehicle History Report
If you are buying a used car, you must get a history report on that vehicle. If you fail to get the history, you could be buying a car that has any number of serious issues that could come back to haunt you. When you have found a likely candidate for purchase, get the car's VIN number and visit Experian.com. They get most of their data about used vehicles from dealers and repair shops. This is the only way to find out if a car has been in a major accident, sustained irreparable damage due to flooding, frame damage, leaks, etc.
Tip #4: Consider Buying From A Private Party
Many people buy used cars from car dealers. But, there are many great deals waiting in the driveways of private sellers. Often, you can get a better deal by buying a used car from a private party than a dealer because there is no middleman involved in the transaction. When you find a used car from a private seller, get the VIN number and run a car title search through Experian.com. That way, you will know the history of the car, its true value and any room you may have to negotiate.
Finally, don't be hesitant to pay a mechanic to look over the car for you before you make your purchase decision. The mechanic may not see everything, but he will be able to pick out things you wouldn't pick out. A clean bill of health from a mechanic is not a guarantee, but it is really the best way to certify that you have gotten an excellent deal on a used car.
To learn about how to find cheap used cars as well as used car loans at low rates, in more depth, check out these links.

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