Getting Huge Savings on a Used Car

by : rene1

Buying a new car is a long term investment. It is usually the second only to a home as the most expensive thing ever bought. The person has to shell out a vast sum of money later on not only for gas but its proper maintenance as well.

To some who can't afford to buy a new car, these people have to do the next best thing and settle for a second hand car.

According to consumer reports, a new car depreciates in value once it leaves the lot. This goes as high as 20% annually which makes it easy for someone to buy a fairly new car at almost half the price of a new one.

In addition, it can enable you to even buy a higher end model that has better performance, safety and other features than a new model. This saves you money which can be used for other things.

Before buying a car, it is best to think about the kind of car you is willing to spend for and the options that come with it. By doing some research and checking out various dealers, you will be able to pick the right car and get the best deal.

You can buy a used car either from a dealer or from a private person. Before spending money on a used car, these are a few tips you must be aware of.

? You should check if the dealer or the individual who wants to sell the car has a good reputation.

? Just looking at the car will not give information if the car is in good condition. It should be test driven in various road conditions such as the highway or in traffic.

? Most cars have a maintenance record. The buyer must ask if it from the dealer or the individual and if it not available, then you should contact the dealership or repair shop where most of the work was done.

? Since most people are not that knowledgeable about cars, it is advisable to bring the car to a reliable mechanic for proper inspection.

? There are many dealers available. You should also visit other dealers and check if the dealer or the individual who sells the used car has a good reputation. If the car of choice is not available, then you should inform the dealer about it and inform how much you are willing to pay. The dealer may either find that car or offer another model that is very similar to the vehicle you desire.