I’m buying a used car before and I have no idea how to negotiate. I’ll call a friend Car-wise when I’m ready to make an offer to advise me in quantity, but do not know how to really present the offer to saleperson. Also any other advice on the purchase of a car used is appreciated.
Negotiating for a used car?
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Yes without a doubt if you are buying from a private party ask to tkae the car to your mechanic or have mechanic go with you.
• Arrange your financing first
• Check Consumer Reports’ listings of car models that have performed well. Don’t buy any car on the magazine’s list of used cars to avoid
• Find out what you should pay by checking prices at edmunds.com or kbb.com, or ask a friend to look for you.
• Have a used car inspected by a diagnostic mechanic, to see if it’s been wrecked or has any major defects.
• Pay for a report on the car at carfax.com. It’s worth it.
• Don’t buy from an old-style used-cars-only lot.
when you have selected your car there is two things to do.
first go to http://www.kelleybluebook.com and type in the information on the car. when you do this in the area where it asks either retail, owner sale, or trade in…do the trade in value. This will give you an accurate value of the car. Also do the retail one and then meet the dealer somewhere inbetween.
secondly…simply call your bank and ask them the “loan value” of the car…this is what you should expect to give for the car. Tell the dealer or individual that this is what the bank is willing to loan on the car and you won’t give a cent more.
This is a good bargaining tool…as they can’t discount you as far as your knowledge of the car’s value.
Hope this helps.
you might want to check out the market price before you go negotiate…
here is a useful site..
http://www.tradecarview.com/