Do Your Research First
The Internet has made it very simple for consumers to find out what a pre-owned or used car is worth, which cars last the longest, and which have the best resale value. Before you venture out to dealerships or used car lots, do some research.
Edmunds, offers both consumer and expert reviews for used vehicles including value and lifetime performance histories. Once you’ve compared used vehicles, find out what you might pay by visiting NADA’s website. NADA allows you to enter a vehicle by year, make, model, and mileage along with preferred equipment to give you a wholesale and retail value. Make sure you print out your research, you will need it when it’s time to negotiate the deal.
Keep in mind when shopping, that the NADA wholesale value is what a dealer or used car lot paid for the car. The retail value is what you should expect to pay, although most retail prices can be negotiated.
It's also a good idea to learn important facts about used or pre-owned cars. By taking the time to do your research, you'll have a better chance of getting a good deal.
Probably the best tip for buying a pre-owned or used car is to research the models that interest you first.
Image Credit: 07 MINI Cooper by Tennen-Gas/Wikimedia Commons