12/11/2023 0 Comments Reliable car selling websites![]() ![]() ![]() When buying a used car from an individual, remember that you'll need to be insured before you drive it. Many dealerships require proof of insurance before selling you the car, Montoya notes. "Don't be afraid to ask if you don't recognize a fee." "Always ask for a breakdown of the fees," Montoya says. "There are certain fees that everyone has to pay when buying a car - things like tax, registration, documentation fees," says Ron Montoya, senior consumer advice editor at Edmunds, which also has a car-buying fees chart. Whether you're buying from a dealership or an individual, make sure to budget for all the necessary costs. If you're taking out a loan, keep in mind that banks typically won't give loans for cars that are more than four or five years old, and the APR for used car loans tends to be at least 2% higher. SEE ALSO: 5 Ways to Save When Buying a Used Car Combining the two transactions of trade-in and purchase give them more tricks and smoke screens to pull on you." "We suggest selling it yourself to maximize sales proceeds. "They (dealerships) offer you $4,000 to $6,000 below market value for your trade-in," he says. However, Ostroff says selling your car yourself can increase your profit and help you avoid potential scams. To help determine a price range, Edmunds also has a handy "How Much Car Can I Afford?" calculator that takes into account the cash down payment, possible trade-in value, and how much you may owe on your old car. Edmunds offers a helpful used car questionnaire. "Knowing how much the car has sold for last 30 days on eBay gives you a great haggling advantage because many dealers sell on eBay, so showing them what other dealers have sold this car for this month means they can't use smoke screens to trick you into a higher price," he says.īefore heading to the dealership or contacting someone who is selling a used car, be prepared to ask the right questions. ![]() Ostroff also recommends visiting eBay to lay the groundwork for later negotiations. To help find a reputable dealership, you can read Edmunds reviews of area dealerships. 'Knowing how much the car has sold for last 30 days on eBay gives you a great haggling advantage because many dealers sell on eBay.'Įdmunds has a True Market Value (TMV) pricing tool that shows you what other people in your area have paid for a car, as well as an app with the TMV tool, car calculators, and other useful tools. ![]()
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