Research is key to finding a good deal on a used car. Some people come across a great deal on the first day of shopping but don't know it because of lack of research. Consider several factors for determining a good deal.
Types
Determine your criteria for a good deal. Some may just want a low price in comparison with suggested sale values, while some want a hard-to-locate vehicle and would be happy to pay the suggested value. Others may only care about a vehicle that's still under warranty for a certain finance payment. Determine what a good deal means to you, and use it as your shopping criteria before searching so you know what you're searching for.
Time Frame
If you know what you're looking for, you can find your good deal the first day you set out to search. Others may wait months. If you are desperate for a vehicle, you'll likely settle for a vehicle more quickly. If you have another vehicle to drive, you can allow the process to last as long as you want it to. Allow yourself the time to search updated dealer inventories and private-sale classifieds to find your car.
Considerations
Don't judge advertisements by pricing alone. If you are within range of $2,000 or so, you may be able to negotiate to your desired cost. A private seller may have the ability to transfer an extended warranty to you. If buying from a dealer, you might have incentives offered to you that are desirable, even if the vehicle costs slightly more than others you've found. Consider dealer perks, such as a standard lifetime powertrain warranty or an included bumper to bumper warranty; some dealers even offer discounted or free oil changes during your ownership, so look at the total costs---including incentives.
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