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How To Save Money When Buying A Car
In case you were wondering why you shouldn't buy a new car from
a dealership here's why. If you were to go out right now and buy
a new car from a dealer, you'll be paying full price less the
additional extras the salesman throws in to get you to buy it.
After the first two years of the new car's life, you'll
automatically loose up to 40% of the value of the car assuming
you bought it brand new. And on top of that if your new car was
five years old it'll loose up to 65% of its original price. So
the logical thing to do is to buy a car between 3 and 5 years
old. So you don't loose half the value because it's already
halved. So my advice to you is to buy a used car instead of a
new car.
So in theory if you bought a 4 year old car it'll already have
lots around 50% of its original value. Thus in 2 years when you
sell it you'll theoretically loose about 15% of the value you
paid for less all the running expenses. There it is, one of the
secrets in saving money when buying a car.
Now here's another secret to saving money when buying a car.
Have you ever heard of a car auction? Or an online car auction?
How it works is really simple. Usually cars on auctions, be it
reposed cars, ex government cars, or dealerships getting rid of
old stock, you really can't go wrong when you buy a car from an
auction.
When you buy from a normal dealership you have to pay the
premium price when you buy at auctions you're paying wholesale
rates. One of the best ways to save money is to head to a local
car auction site or you can search online for an online car
auction website.
You'll be presented with all the necessary guarantees such as
misrepresentation, meaning if you buy a car online and it gets
shipped to you, you inspect it and it's not the same as
advertised, you'll be entitled to a refund. Same goes for local
car auctions. You can test drive the car before you settle to
buy it, but only after you've won the bid.
So there you have it, the two secrets to saving money on cars.
Make sure you do you research before buying any car online and
offline by inspecting it carefully. Good luck and I hope you
save lots of money!
About the author:
If you are looking for car auctions or car auction
information then
http://www.carauctionscritic.com can help you
Written by: Marc Lindsay
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