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How does buying a used car work?
10th November 2010
I wanna buy a used Honda civic for 2899 from a used car dealership. I’m going with my grandpa when I have enough money for the down payment,1000, but is that it? Is it as simple as going to the dealer, picking a car, paying the down payment with someone else? Or is there more to it?
Posted in: Auction FAQ | | Comments (3)
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usually, with cars priced that low, you can find a better deal from a private seller
go to your bank and they will pre-approve you before you shop, that is always a good idea
avoid dealers that say buy here pay here, they won’t negotiate the price because they know you cannot get a loan from a bank,
Comment by SCARFACE — November 10, 2010 @ 9:02 pm
There is much more to it than that.
The first thing you need to do is determine if the car is worth purchasing. Have it inspected by a certified mechanic for mechanical defects and signs of poor workmanship on previous repairs. Run a Carfax report to make sure the car has never been wrecked and is not a salvage/rebuilt car. test drive it thoroughly to determine if the car meets your needs and you are comfortable behind the wheel.
Once you’ve determined if the car is worth it, make them an offer. Always try to negotiate a lower price.
Once you have agreed on a price you need to find a lender who will approve a loan for you. Shop for a loan the same way you shop for a car because rates vary widely from lender to lender. Find the best loan deal and sign with them.
Comment by mccoyblues — November 10, 2010 @ 9:02 pm
You also should compare car insurance quotes for cars before buying one, for example here – carquotes.sinfree.net
Comment by Ben — November 10, 2010 @ 9:02 pm