Buying a used car can be a complicated thing. There are a lot of choices – starting from private-party sellers to dealerships. Nearly 40 million used cars get sold every year.
To help you with this quest of getting yourself a used car, we came up with 6 tips for making the process easier for you! So without a further a dew, let’s dive into it:
1) How much money do you have?
The first step is knowing your budget! Know how much you are willing to pay for the car. What would be the sweet spot and what is the maximum amount you have. Always aim for that amount you think would be the most comfortable for you and don’t overspend.
Keep in mind that the car may need some extra care once you acquire it. Most people don’t even think about the money needed for the gas. Just remember that you need to save enough for taking care of the car in the future!
2) Create a list of cars you want to buy
Do the research. Find cars that meet your need and price. It’s always better to narrow it down to one car and try to acquire it, but having many options is never a bad thing!
If you are looking for cars that are less than 5 years old consider one that’s certified pre-owned (CPO). These cars have long-term warranties from carmakers.
3) Do market research
You may not be sure if the car you’re interested in is priced fairly, that’s why you need to find the average price for the car. But this gets complicated when you factor in weather damage, accident history, etc. That’s why you might want to use online websites like Carfax to find the selling price for similar cars.
4) Check the vehicle history report
If you are buying a car from a person you trust (friend, family member) then it’s okay to skip this part, if not, get a vehicle history report as soon as possible. You need to know everything about the car before you go and contact the seller for additional questions.
Autochek and Carfax are the best-known websites to do this, but they are not free. Vehiclehistory.com is a new website that offers these services for free for now.
5) Contact the seller
After checking the vehicle histroy, contact the seller and ask about the additional repairs (if any). Ask him/her about the little details such as how old are the tiers on the car. – This will give you the idea of how much you might need to spend on the car in the future.
Remember: Always be ready to just walk away. Some people can’t say “no” after having a conversation with the seller for a long time and they stop minding some of the repairs the car may need. Keep the mindset that it’s you who is going to drive that car and spend that money and that money is meant to serve your needs, not the seller’s!
6) Get a good deal!
You might have money to pay more, but why do so, when you can pay less? If you are shopping online on IAAI or Copart, your best chance of getting a good deal is to bid on a lot of cars using the same maximum amount of money and one of them will be yours! This way you might not want to be online, bidding all the time to get that deal you are aiming for. That’s why using automated bidding and group bidding system might be the thing you need!
The system is very simple:
– Copy the link of the car auction and paste it in the iSnipe link box, choose the maximum price you are willing to pay for the car and the system will bid live on the car auction on your behalf!
– Use iSnipe’s group bidding technology, which comes with a groundbreaking feature – the number of maximum won items in the group. What this means is that, if you add 10-15 cars to this group and set that number to 1, once the first auction is won, iSnipe automated bidder will no longer bid on upcoming auctions.
This way, you will get the deal you want, without breaking a sweat!
Sounds like a plan, right? You can try the system for free!