If you’re in the market for a used car, then now is the best time to get buying. A few factors in the car industry are proving that the used car market is definitely a buyer’s market at the moment.
Research done on used car sales for the first quarter of 2013 show that people are buying a lot of new cars. To buy these new cars, they trade in their old cars at their dealerships to acquire some funding for a new one. This then leaves the dealerships with a lot of pre-owned vehicles.
Because there aren’t as many people buying used cars than there are used cars available, these cars are then sold at surprisingly great prices. Manufacturers are also working harder at improving their certified pre-owned programs. This motivates possible buyers to pick them instead of another dealership as they can be trusted for providing all the necessary information about the car’s previous lifetime.
Another reason why the circumstances are ideal for buyers at the moment is that dealerships aren’t that concerned with a great credit score anymore. During the recession, a credit score of at least 700 was necessary in order to get a loan. But nowadays, car dealerships are accepting much less. Just watch out, this might also motivate dishonest sellers of used cars to try and scam your money out of you
So how do you go about finding a trusted place to buy a used car? Firstly, as mentioned above, it’s good to look at new car dealerships that might be selling pre-owned cars. Here you can find out all the information about the car’s history and its previous owner and the chances are good that the car was only one previous owner. New car dealerships are also required by law to disclose all the costs in their advertising so you won’t fall victim to any hidden costs.
You can start your search on the Internet. Look for new and used car dealerships rather than just used car dealerships. Reedman Toll Auto World, for example, is a dealership that sells both new and used cars. From here, you can even have a look at their special offers. In this instance you might find great Reedman Toll Auto World specials.
After doing your initial search you need to drive over to the dealership, look at the car and speak to the sales people. Avoid online sales at all costs as there are just too many scammers out there.
Another place where car dealerships sells the pre-owned vehicles that they get in from their clients are car auctions. It might mean a bit more effort and research, but you could strike a great deal at one of these.
If you’re looking for a specific, older model however, you might have to consider a private sale. Car dealerships tend not to sell the older models. But now you need to be sure that the sale won’t end up being a scam, so just be careful.
This year is the year for buying used cars. The market is looking great and there are many resources out there to help you find the perfect car for you at a great price. It’s hard to predict when the market will shift back to being a seller’s market, so if you’re thinking of investing then now is the best time to do so.
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