Buying a Used Car is by no means an easy or pleasant task. Even though many millions of Used Cars are sold every year, the buyer really does'nt know whether they're getting a good deal or not. As with anything else, the consumer should follow a pre-purchase "process".
1. Always do your research: On the internet. In newspapers. With people you know that recently purchased a Used Car. Your local Bank
2. Know your Local Dealer that you plan on buying your Used Car from. It's always better to buy "local".
3. Have your "researched" information with you when you walk on the lot because even the most profecient sales professional can forget their product knowledge etc.
4. Know the real value of your the used car you're interested in. Never let an East Coast dealer use the Kelly Blue Book for the value of their car, it's strickly a West Coast Edition and no lender on the East Coast uses it to determine value. They use NADA. You can go to www.nada.com and click on consumer value. Remember, a dealer uses Black Book to purchase his vehicles from the auction and will also use it when he appraises your trade in if you have one. Grey Books are used if the vehicle is 7 years or older.
5. Alway's demand a Carfax. No other report is more accurate ( their are many copy-cats now ) and a Car fax is a must when buying a used car.
If you use this 5 step process when buying a used car, you will guarantee yourself that you'll get a " better deal ".
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