Guest Post: How to Save Money When Purchasing a Car

 

Let’s face it, everyone loves saving money, whether it be a few thousand dollars or a couple hundred any discount is acceptable. In order to save the most money on a used car, one must follow a few simple steps.

Paying cash: It isn’t a secret that car dealerships love receiving cash for cars. Now you may be asking yourself “why would they care?” There are several reasons why dealerships appreciate getting paid in cash. For one, when a car dealer accepts a credit card they are often charged a two percent fee. In addition when they are paid with a check or something of that manner they have to worry that it might not be real. As you can see paying cash for a car is a good idea when purchasing a car.

Salvage Title: When you are looking at a car the first question you should ask the owner or salesman is if the car has a clean title. If you are informed that the car has a salvaged title do not buy it. A car receives a salvaged if it has been in a major accident and the cost to repair it is greater than the value of the car. This often means that the car was repaired cheaply and corners were cut in the repair of the car. The result of these short cuts is the car often breaks down very easily and encounters much more problems than a normal car.

Mechanic: Another way to save money when purchasing a car is to have your car pre-inspected by a mechanic. To save your self money in the present and the future you should always have your car look at by a mechanic. By paying the 50-120 dollar inspection fee it can save your thousands of dollars in the long run. When the car is pre-inspected the mechanic has a check list checking the completely. The mechanic will be able to notify you of any future or present repairs or concerns of the car. Having the car inspected by the mechanic eliminates the problem of buying a car without knowing the problems.
Warranty: You should not buy a car unless it comes with a warranty. If the dealer is unwilling to provide a warranty you should purchase a warranty yourself. This can protect you from costly repairs in the future. Doing any repairs to a car is very costly and especially major repairs such as changing the engine or the transmission can cost a fortune. With a warranty it protects you from having to pay for these costly repairs for the duration of the warranty. This has the potential to save you tons of money if something does go wrong with your car and protect you on a hidden problem with the car.

Negotiate: By using good negotiation tactics you can save money on the purchase of your car. You should never accept the price a dealer or individual is asking for their vehicle, there is always room to negotiate. Many people often make the mistake of paying too much for a vehicle, when they could bargain for a discounted price. In order to negotiate bring up issues with the car, in order to knock down the price. For example, you can tell the salesman that the car has bad paint, and it will cost a lot to get fixed.

Vehicle History: Always ask to see the Vehicle history report on the Vehicle you are planning on purchasing. The vehicle history report will tell you very important information about the car you are planning to buy. This report tells you if the car was ever in any accident or the last documented miles on the car. Knowing the history of a car is important in making the correct choice in buying a car.

About the Author: Andrew writes about cars because he truly enjoys it. I have been working for a cash for used cars company for over 10 years.