5 Tips to Save Money on Your Next Used Car Purchase
If you are looking to buy a used car but feel overwhelmed by the options available in the market, take a sigh of relief because you are not alone. Most of the first time buyers of used cars are confused when finding a perfect car that fits their budget and aspirations. The main reason for buying a used car is maximize savings while driving away in a high-end model. If you buy diligently, you can save more on your purchase. Here’s how:
1. Don’t Stick To Your List Of Favorites:
The popular models are often available with a premium price tag. To save more money, you need to be flexible in your approach and shop for lesser popular models. For beginning, you can compare the best cars available under affordable price ranges. Instead of going for the high-end vehicles, you should think about a similar model with equivalent features. You can save a lot of money by switching to a retired model.
2. Opt for an Older Vehicle:
There are many younger models in the used car markets at premium rates. You can skip them and save a few dollars extra by seeking out an older model. It may not have the latest exterior style and state-of-the-art technology. With proper research, you can still find out the models and makes that pack a good deal of the latest technology and features under their hoods.
3. Prefer Buying The Base Models:
The base models of premium brands have lesser features as compared to their upgraded versions. Therefore, they can fit the tightest budgets as well. You can easily forgo some features available in the upgraded models. Instead, invest in the modest features and technology that will help you in cutting the costs and focus on your driving while on the roads.
4. Look For A High Mileage Vehicle:
Mostly, the prices are down for the vehicles that have covered a lot of miles. Believe it or not, the mileage of cars does affect their pricing. A car that has run for more than 100,000 miles will be available at an affordable price when compared to the low mileage cars. Here you need to know that high mileage cars are as good in performance as their younger counterparts. The powertrains of the vehicles are specifically designed to last up to 275,000 miles. Hence, you shouldn’t worry about their lifespan. Rather, concentrate on the performance and check the engine conditions to assess the internal damages if any.
5. Go for Certified Vehicles:
If you want to skip all the hassles and optimize the savings, certified pre-owned vehicles are the best options for you. These cars are stringently tested and checked on various parameters for assessment of physical and mechanical damages. By buying a certified car, you can avail long-term savings in the form of extra warranties, free oil change, complimentary roadside assistance, free scheduled maintenance, and lots of other perks.
Apart from all these, you should do your homework properly and negotiate with the dealer on the sticker price of the vehicle. These tips will save a lot of your money when driving home in your freshly purchased used car.