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April 18, 2014

Buying or Selling a Used Car? Where to Start…

When buying a used car, you can find the perfect one for your needs when you prepare and proceed wisely. When trying to unload a car, you can receive top-dollar for it when you know its value and popularity in your area. Here are two tips to buying a used car and two to sell your car.

Used:

Know what you want: It is easy to overpay if you walk into a transaction without a clue as to what you want in a car. Ponder your needs by thinking about your day-to-day life. If you drive 45 miles a day, consider a midsize vehicle with high gas mileage. If you drive short distances or carry heavy items and plenty of passengers, look at an SUV. With an idea of what model vehicle you want, you can start looking for vehicles meeting your needs. To improve your negotiating power, look at multiple brands and models as you will benefit with an abundance of choices.

Know the value: Do your research and know the value of the vehicle before you head to a dealer or private party sale. To know the true value of the car, look online for similar listings. Also, head to either Edmunds or Kelley Blue Book as you can form a consensus by looking at these two sources. If you don’t know the value of the automobile before you look at it, the seller can exploit you and ask for an unreasonable price.

New:

Take a test drive: It is beneficial to take a few vehicles for a test drive before you proceed further. When test driving a car, you can drive it in various conditions and determine if you enjoy the feel of the car. While it takes time to test drive cars, you will save yourself time in the future as you can narrow your search.

Know the price: New car dealers count on people walking into the showroom with little knowledge of the car or the value of it. A salesman will take advantage of these buyers quickly as he salivates over a juicy commission check. To avoid any issues with a shady salesman, know the value of the vehicle you want to buy. Head online and look at multiple dealer websites as you can discover the true value of the car. With this knowledge, you can walk in and avoid games others play to pay a reasonable price.

Whether buying a new or pre-owned vehicle, you can’t succeed if you don’t prepare for the lengthy and time-consuming process. With these two simple tips for buying and selling a car, you won’t worry about common pitfalls other consumers face. At PAACO, we can help you with both buying and selling your vehicle. Give us a call today!

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