The decision of buying a used car is in most cases considered as a money-saving approach towards car purchase. But even in this kind of a purchase, there are ways to reduce the total cost still further, if you are really keen on saving your hard earned money. The sales team with whom we spoke to at the Suffolk used Chevrolet dealer showroom gave us those valuable tips that really made sense. And here we are to share with you those useful tips.
1. Find Used Cars with Low Maintenance Needs
The selling price you pay for a car at the counter is not the only money you are going to invest in your car. Ownership of a car, especially the used ones will require regular maintenance that will slice away a good amount of your savings in regular intervals. But if you purchase a car that is relatively in good condition and is not old more than five years, you would save on its running costs as well as maintenance costs.
2. Consider the Resale Values to Reduce its Depreciation
Though you are buying a used car today, it is very much likely that you might want to switch to a new car, using the existing one as a trade-in product. At that time it would be beneficial for you, to have a car that has a good resale value so that it will reduce the depreciation while fixing up the trade-in deal.
3. Choose a Vehicle That is at Least One Year Old
In the same line, you might get surprised to know that a new car will depreciate in its value by 11 percent if it has been driven off the first lot of miles. So, never buy a used car that is less than one year old, as its depreciation amount will be more than those that are more than one year old.
4. The Power of Negotiation
In the industry of automotive one should know the truth that there will always be room for negotiation, especially when it comes to buying and selling a used car, as in this field, pricing will be more subjective than objective. One should always have the courage to keep trying for the best deal that will make you feel comfortable to pay for. As a rule of thumb, it is always a good idea to start bargaining with a 10-15 percent off the listed price.
5. Never Involve a Middleman
When you buy a used car, the deal should be only between the buyer and the seller. There should be no place for a middleman in these days, where communication and reaching out to people can be done at the touch of a button.
But there will always be some agents and middleman who have made their art of negotiation their profession. You don’t need to pay for such middleman, who has no stake in this entire deal. Hence, if you can learn the art of negotiation all by yourself, you can save on the money a middleman can aim to steal away, says an experienced sales executive at the Suffolk used Chevrolet dealership.