SERIES: MONEY CAN BUY HAPPINESS! EPISODE 4

In previous postings of this series I have provided tips on how to save money on groceries and utilities. In todays posting, I am going to give you some tips that will help you get the most for your money when buying a used car.

Women are especially prime targets when they are shopping for a used vehicle. Most women don’t know anything about cars and are generally uninformed when it comes to purchasing vehicles – AND THE SELLERS KNOW IT!

The best way to buy a used vehicle is to purchase it from a reputable name brand dealership. Read reviews and reports on your local dealerships to establish your best options. The Better Business Bureau is a great place to start your research. The price may be a little higher than buying from a private party but there are other valuable benefits available to offset the increased costs. Most reputable dealerships complete a thorough inspection of the vehicle and repair any major issues before listing it for sale. Additionally many dealerships offer some type of warranty on their used vehicles which is something you will NEVER get from a private party.

The second best way to purchase a used vehicle is from a private party. There are things to look for and ask about when buying from a private party. Look for vehicles that have only had one owner and have low milage.  Look for vehicles that appear well cared for and maintained. Ask if they have maintenance records for the vehicle.  Once you have selected a vehicle, get a mechanic or knowledgeable friend to go with you to check out the vehicle. Many mechanics will do a reasonable inspection of the vehicle for about $60-$100. Also, make sure the title to the vehicle is clean and has no liens.

Whether you are buying from a reputable dealer or a private owner, always get a Carfax report on the vehicle(s) you are considering. Most dealerships offer a Carfax report at no charge. Finally, NEVER purchase a vehicle without comparing the price to the Kelley Blue Book evaluation.

Remember that when purchasing a used car you want to get the safest, most reliable vehicle for your money. So make sure you use every avenue available to make sure your next used vehicle purchase is the right one.

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4 thoughts on “SERIES: MONEY CAN BUY HAPPINESS! EPISODE 4

  1. I’m not too big on buying cars from used car dealerships, I feel as most of them raise the price up and allow short looks at it so that customers don’t get an entire feel for what could possibly be wrong with a car. They also stand over your shoulder while you look at the car which also applies pressure to your decision.

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  2. I agree. You should never buy a car from a used car dealership. I recommend buying a used car from the used car department of named brand dealerships like Toyota, Ford, Chrysler, etc.. You will get treated much better and get a better quality vehicle.

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  3. As a person who has been around the car industry his entire life, most of what you said is true. Buying from new-car dealerships is usually the best course of action. They will always offer a warranty of some kind, and generally have a higher standard for cars that they are willing to retail.

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