One of the first questions you ask yourself when you need a car is, “should I buy new or used?” Many people believe that buying used cars is risky, but that’s not necessarily true. Used cars can still have great value, a lot of mileage, and, best of all, cheaper prices. Here are the benefits as well as some tips to ensure you’re getting the best deal for the best car. Spend Less Money Buying used vehicles in Anchorage, Alaska, is a buyer’s market if you know where to buy. It’s true that the price of a car depreciates after a few years, and you can pay a much lower price for the same car if you just wait a year or two. The price doesn’t necessarily go down because the car is faulty or banged up or just heavily used. The price just goes down because everyone likes a clean odometer and the new car smell. When you’re considering used car prices that appear to be bargains, just make sure you double check your sources. Specifically, check Kelley Blue Book prices for the vehicle’s make, model, year, and mileage to ensure the price of the car you’re considering is comparable to what KBB recommends. If the price is lower than KBB, then you’re probably getting a good deal. Just make sure you also check the vehicle’s history report to check if it’s been in a serious accident or needed an engine rebuild (rebuilt title). Sometimes those vehicles are still great, but you should know what you’re getting into. Pay Off Your Loan Sooner The initial ticket price may be less for the car, but what about the long run? Many people prefer buying used cars because the lower loan means they can pay off the car sooner. You can let someone else buy the car new, drive it for a year, and then sell it to someone like you so they can get the next new car. You get a relatively new car, a cheaper price, and a car that you can keep driving long after it’s paid off. There is no better way to get more value out of your vehicle. If the car is only one or two or three years old when you buy it, then it’s highly likely that you will be able to drive the car for another 10 or even 20 years! If you pay off your car loan in three or five years, then that gives you a lot of years of driving a car without making any car payments. What would you do with an extra couple hundred bucks a month? Ask to Bring the Price Down Another great reason why people choose used cars is because of the dealership who is selling the vehicles. Choose a good dealership that can vouch for the car’s worth and quality, help you examine the car’s history, and even bring the price down for you. Used cars, even in great condition, may still have some factors that allow you to request a lower price. For example, the previous owner may not have changed the tires while they owned the car, which means if you’re going to replace the tires, you can ask the dealer to come down on the price or pay for new tires for you. Just be sure to inspect the vehicle thoroughly and ask the dealer about those little things you might notice. By following these tips on your next visit to the dealership, you could find some screaming deals on used vehicles in Anchorage, Alaska. One final tip is to go shopping with a number in mind (or a range) or what you want your monthly payments to be for the car so that you can talk with the dealer about what financing options will be best for you.
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