Shopping for a car can be a daunting process, and many car buyers have questions. That’s why we’ve compiled a list of frequently asked questions concerning used cars, ranging from what to expect and the best practices for shopping around. Whether you’re looking for basic information about used cars or better ways to save money, staying informed is the first step in the car-buying process.
Why Buy A Used Car?
Used cars are becoming increasingly popular because modern cars are becoming increasingly dependable. Additionally, new cars cost an average of $33,000, which means many car shoppers are looking for ways to save money. Used cars have lower sticker prices, and they also tend to depreciate at a slower rate. That means you get the most bang for your buck when you buy used.
Why Buy Used From A Dealership?
You can buy from a third-party seller — like an individual selling their car — but you there’s often less reassurance. Dealerships offer financing opportunities, and they have a reputation to uphold to stay in business. That means dealerships are much more accountable than a third-party seller.
How Can I Ensure I’m Getting A Deal?
Many companies offer vehicle history reports so you can check the background of the car you’re buying, as long as you have the Vehicle Identification Number. Additionally, organizations like Kelley Blue Book (including KBB.com) provide unbiased pricing information about what you can expect to spend in your area.
What Do I Need To Buy A Used Car?
Just like a new car, you’ll need a driver’s license, insurance, and financing information. A license is required to drive off the lot, and it also provides a form of ID for financing. It’s a good idea to contact your insurance ahead of time to let them know you’re buying a new car. If you’re trading in your old car, you’ll need the title to transfer ownership. Additionally, if you’re not financing through the dealership, it’s important to bring any necessary paperwork.
What’s The Difference Between Certified Pre-Owned Cars And Used Cars?
Certified pre-owned cars come with added warranties and they undergo inspections to become certified. However, CPO models are more expensive than normal used cars. So, if you’re looking to save more money overall, considering buying used. If you want added peace of mind, CPO models might be right for you.