How to buy a used car from a dealership cheaper?

If you are in the market for a used car, you have probably visited web portals such as Auto Trader

, Kijiji, and Craigslist. They offer a good starter point as well as reference points where you can get a good idea of the average selling price of a particular vehicle. If you have a particular type of vehicle in mind, you will soon notice the big dealers usually sell them for about 20-30% higher compare to the small dealers, and private sellers maybe offering the same vehicle for the lowest price you can find. Now there are few reasons behind this market phenomenon, the bigger dealers usually have nicer vehicles to offer. Most of their inventory comes from private customers and the big dealers will have the first pick at what is good to sell, and what is not. Buying from the big dealers usually means you can avoid vehicles that have been branded salvage title, or the horror stories you have heard where two cars are welded together and been sold as a certified car. If you are not comfortable buying a car on your own, or you lack mechanical knowledge. You should definitely consider bringing a friend along who is more knowledgeable before you commit to buying a vehicle. Some times you will be able to score a great deal from the private sellers, but it is bit risky when you are not mechanical inclined. Private sellers may offer the vehicle for less but the catch is you maybe buying some one else's problem without knowing. The last thing you need is a nasty surprise to find out you need to replace the transmission soon after your purchase.

The big dealers are selling the vehicle for more because they will be held responsible when something goes wrong. They are able to offer manufacture's warranty on the used cars where small dealers will offer third party coverage. Although they may look good on the surface or the contract, these third party warranties are extremely hard to deal with when you are looking to make a claim. Many of the third party warranties will require you as the owner to pay for the repairs first, and they will process your claim just like an insurance company would. There is a good chance the repairs you just paid for may not be covered for some stupid reason. In the ideal world you should purchase your next used car from the bigger more reputable dealerships, but the challenge is the selling price. To lower the selling price from the dealer, you can negotiate with the sales person. The typical profit margin on a used car from the big dealers can range from $2000 to $3000. Keep in mind the vehicle's emission test, safety standard certificate or any body shop repair bills will all affect the profit margin.

One key concept to remember is when you are ready to make your purchase, bring a friend who is mechanical inclined to inspect the vehicle with you. Or ask the dealer if you can take the vehicle to your mechanic for a quick inspection before committing on paper. If the vehicle's mechanical condition is satisfactory to you and your friend, you can then enter the negotiation process. Ask your selling dealer to sell the vehicle in "as is" condition so they will not be held responsible for any after sale repairs and headaches. This will offer the dealership a chance to let go some legal responsibility and they will be willing to lower the selling price for you. So remember the next time you are looking for a used car try the big dealerships first before going to the private sellers.

Thank you for reading this article it is brought to you SOS Car Loans; we are your bad credit, no credit car loan specialist in the Toronto area. To find us online please go to http://www.soscarloans.com for details.

How to buy a used car from a dealership cheaper?

By: Rick Li

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