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Used Car 101: How to Haggle
Haggle
Date: 3/2/2019 7:33:44 AM ( 5 y ) ... viewed 348 times If you need to get a car but have to stick to a budget, there are a few ways to get a good deal. When it comes to car shopping, it always pays to shop around before you even step foot on the car lot. These days it is easy to go through hundreds of cars from the comfort of your own home as there are many websites that you can check out to buy your next car from, and it doesn't have to involve driving to numerous car lots, dealing with salesmen and devoting a whole day to your car search. Once you narrow down your search to a few or even one vehicle, you will need to discuss further details with your salesman. Don't always assume that the price that is listed on et car is the lowest price that you can get. Most cars that are listed have a little wiggle room so that you can negotiate the price a little. This is known as haggling, and it is a bit of an art, but with a little practice, it will become second nature.
Know Your Budget
When shopping for a big item such as a car you need to have a budget in mind before you begin your search. That gives you an idea of what you are aiming for. It will also save you a substantial amount of time since you won't be wasting your time shopping for cars that are simply out of your price range. If you find a vehicle that is close to your price range, you can include them in your search since you should be able to negotiate the price to be within your budget. Your monthly car payment should never go above 20 percent of your monthly income.
Do Your Research
You should always read up on the value of the car that you're considering purchasing. Keep in mind that even if a vehicle is worth a certain amount on one website it may be more on another one because it has fewer miles on it so you will need to decide what you think is a fair deal, but it will give you a pretty good idea whether or not the prices you see at the local dealership are fair or not. For example, if you see a honda pilot review that says it is worth $20,000 but your local dealership is asking $35,000 they are probably asking too much and you have some wiggle room on the price. Don't be afraid to point out the major price difference either as it is good leverage for your haggling. The Kelley Blue Book is a great place to start when figuring the worth of a vehicle.
Factors That Affect the Worth of a Vehicle
Used cars are a little more tricky to figure out the worth because the miles that are on them can vary quite drastically. The more miles that a car has the less it'll be worth. You will need to look at things such as how well the vehicle has been taken care of and how many owners the vehicle has had. You can tell how well a vehicle has been taken care of by the shape of the body and how the interior looks. If there are lots of rust spots on the exterior and the seats are ripped and in bad shape, it is likely that the previous owner didn't take very good care of their vehicle.
Bring in Your Own Mechanic
You should always have your own mechanic go over the vehicle that you are considering to buy because they may be more thorough than the one that the dealership used. It's also a bit of a test. If the dealership isn't willing to let you bring your own mechanic, you should consider it as a red flag. If they're on the up and up, then they should have a problem with you doing your own go over since that should have nothing to hide. It's a little extra reassurance for you, and if they catch anything, it's great leverage for haggling a lower price.
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