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Where to Save When Car Buying

Jan 20, 2008
We are all looking for that perfect deal. Often times we know where to look, but not how to save the best amount on a car. This article is going to help you find some ways on where to save when buying a car. We will look at three options when buying a car and how each can differ as well. First you can buy a car at an auction, car dealership, or through a private sale. In each case there are different tactics that will be used by the person who owns the car.

Auctions are the straightest forward and are often the best place to save money when buying a car. An auction is going to offer the car at a certain price to start the bidding. The individual selling the car will have a specific price that they are looking for. The key for the owner is that they have it on auction one time only. This means they have to make the amount right for the consumers who show up at the auctions. You best type of auction is going to be a police auction or city auction. While they are looking to make money they are also trying to get rid of the property seized and therefore the prices are usually a little lower on the cars at their auctions. For regular auctions you will be able to bid, but it could be turned down if the bid does not meet the owner sale requirements. So it is a 50/ 50 chance.

A car dealership is going to be the hardest place that you can save, but keep in mind you can always walk away. The car dealership is going to try and get the best price they can for the vehicle. You have the option of negotiating. This is where knowing everything about the car is a plus. You will know your own financial status and know what you can afford. If you don't have the entire sale amount, but need a loan keep in mind a hefty down payment or top trade in can be the best thing for you. Also shop around at the different car dealerships to ascertain which one has the best deal on the car you want. Also make sure that you check their business practices to make sure that they aren't trying to scam you.

Lastly a private sale is often another place that you can save. A private sale usually knows that they can only get a certain amount from the sale because the people they are dealing with don't have a loan, and probably don't have a great deal of cash lying around. This means that you can usually negotiate with the owner. In fact you may find out that the price was a little high in the listing so that they could get what they really wanted for the vehicle. You will find the best way to sell privately is to know what you can get and know that the people buying will check that out as well.
About the Author
Mark Robinson writes for Auto-Loans.GuideFin.com. Visit his website for information about student car loans.
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