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How to Get the Best Deals on a Used Car

Watch more How to Buy a Car videos: Subscribe to Howcast's YouTube Channel - Get the best deals on a used car using these hints and keep a little of the money for yourself. Howcast uploads the highest quality how-to videos daily! Be sure to check out our playlists for guides that interest you: Subscribe to Howcast's other YouTube Channels: Howcast Health Channel - Howcast Video Games Channel - Howcast Tech Channel - Howcast Food Channel - Howcast Arts & Recreation Channel - Howcast Sports & Fitness Channel - Howcast Personal Care & Style Channel - Howcast empowers people with engaging, useful how-to information wherever, whenever they need to know how. Emphasizing high-quality instructional videos, Howcast brings you experts who provide accurate information in easy-to-follow tutorials on everything from makeup, hairstyling, nail art design, and soccer to parkour, skateboarding, dancing, kissing, and much, much more. Step 1: Research online Research online, in newspapers, and car trader magazines to get a an idea of what's available in your price range. If you're buying from a private owner, insist on driving the car first, and have a mechanic check it out. Step 2: Ask about best cars Determine what make, year, and model is best for you. Ask an auto mechanic or a local tow truck driver about the kinds of cars they see the least so you can go after something reliable. Step 3: Establish what you have Eliminate needless haggling and delays with a private seller or car lot salesperson by finding out beforehand how much financing your bank or credit union will extend for a car. Step 4: Create wiggle room Create wiggle room in the negotiation price for a used car at a dealership by determining a fair value for a trade-in car ahead of time. Tip Remember that the Kelley Blue Book is only an estimated listing of what dealer prices average, not necessarily what the dealer will accept. Step 5: Evaluate deals Evaluate dealership discounts, such as low finance charges or cash-back incentives. Carefully calculating and choosing between a zero percent payback and an attractive rebate can reduce the total spent on a used car. Step 6: Make an offer Make a low offer to invite the salesperson to reject it and justify their asking price. Come up on the offer incrementally, but only as high as you originally intended to pay, and always be ready to walk away. Step 7: Check fine print Check the fine print before making a deal. An extended warranty might not be worth it. Pay a documentation and license fee, with sales taxes and stipulated repairs to be done before signing. Did You Know? With nearly 700,000 clunkers traded in, the $3 billion "Cash for Clunkers" program was an unprecedented success.
Length: 02:15


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