Saving money on late model used cars does not need to be complicated. Here is a clear, no nonsense rundown of what works and how to make the most of it.
Key Takeaways
- When shopping for a used car, you’re typically looking for a vehicle that’s safe, reliable and a excellent value.
- Let’s take a look at the winners!
- Online ratings are a excellent resource, but there’s no guarantee the used car you get will be reliable.
- Worth noting: that’s why there are two aspects every used car buyer requires to remember: Check the vehicle history report.
Getting the Most From Late Model Used Cars
Money expert Clark Howard recommends that you purchase a car that’s two or three years old since brand new cars begin to lose value the second they’re driven off the dealer’s lot. Run the VIN through CarFax.com to discover if it’s a flood vehicle or if it has been in a horrible accident.
Have the used vehicle inspected by an independent mechanic. One of the key aspects to know about purchasing a used car is that you purchase “as is.” CarFax alone is not enough of a check; you require to take this additional step.
Tips That Make a Difference
More importantly, finally, arrange auto financing in advance! Look at credit unions, online banks or even traditional banks.
Only take dealer financing if it beats any other offer you have. Clark’s advice when a purchasing used car.
Frequently Asked Questions
How can I save money on late model used cars?
Compare prices across a few retailers, look for active coupon codes, and time bigger buys around sales events. Run the VIN through CarFax.com to discover if it’s a flood vehicle or if it has been in a horrible accident.
Is it worth shopping around for late model used cars?
Usually yes. Have the used vehicle inspected by an independent mechanic.
Smart Ways to Save More on Late Model Used Cars
- Pair cashback with a coupon so you save twice on the same order.
- Stack a coupon code with an existing sale whenever the store allows it.
- Sign up for the retailer newsletter to catch first time and seasonal discounts.
- Compare the final price including shipping, not just the headline number.
- Check for student, military, or first order offers you may qualify for.
Final Thoughts
Before you check out, line up late model used cars against current promotions and any codes you can stack. Small habits like these add up to real savings over a year.
Originally published at clark.com.
