7 Tips for Finding the Best Used Car Deal in Town

7 Tips for Finding the Best Used Car Deal in Town

Starting the search for your used car is both exciting and discouraging. It seems like there are infinite options for both cars and dealerships. How do you narrow down where to start searching? Knowing where and how to find the best deal is going to give you a head start on productive searching. Overall, you want your search to lead you to the perfect vehicle at the right price. Here are our expert tips on finding the best deals on used cars in your area.

Start Your Search in Specialized Car Search Apps

Sometimes, you don’t know how to narrow down your search until you see that something is in fact searchable. Utilizing an app for your smart phone can help narrow down finding a used car by everything from your height to the car’s mileage. Searching via this method tends to be more convenient for most people, instead of limiting your search options to a computer. In addition, although most used car dealerships have updated online inventories, starting with a broader search to narrow down by the specifics will give you a head start in your search. And there are many appsavailable to do that.

Judge the Car A Little Less by Its Exterior

Minor cosmetic damage can dramatically lower a used car’s price, even if the most important parts, such as the engine and brakes, are in mint condition. A fading paint job or a few dents paired with a suspiciously low price tag might make you think the car is in bad shape otherwise, but this is not always the case. Test drive and talk to someone at the dealership about how it runs. If you don’t mind saving money now to fix up the cosmetic damage a little later, this can work in your favor when it comes to saving on a vehicle that just needs a little extra love on the outside. In addition, you might be able to negotiate an event better bargain when you express interest in a car that may not look perfect but runs like a dream.

Look for Bargains That Don’t Sacrifice on Quality

If your budget is tight and you’re looking for a vehicle that will last a long time, the experts adviselooking at some of the top vehicles for reliability such as Honda and Toyota, but these cars can also have higher prices because of this. To get similar durability but save a little bit on the price tag, look at Nissan, Mazda, or Mitsubishi. In addition, used cars from one of the American automakers also have high durability ratings, and they also tend to sell for less than the imported models. Experts advise avoiding European cars if you’re looking for a price-conscious vehicle, as the parts and repairs tend to cost more than other comparable models.

Time Is Money: Know What Used Car You’re Looking For

In 2016, more than 40 million used carswere bought and sold in the United States. In such a large and varied market, having so many options can end up impacting your ability to make decisions. You might wind up making a purchase that doesn’t meet your needs or think that you won’t find the actual car you’re looking for. Being overwhelmed with options can make the search more time-consuming than it needs to be and may end in frustration instead of going to test drive a vehicle. Make a short list of cars that would fit your needs. For example, say you want a full-size sedan that is less than 10 years old and has no more than 100,000 miles. This is a good start to narrowing your search and being able to compare prices among similar models.

Narrow Down Your Search by Using CPO Finders

If you’re shopping for a Certified Pre-Owned vehicle and know the automaker you want, go to the automaker’s website and find their page for CPO vehicles. You can enter the model you’re searching for, and a list of dealers offering that model specifically will come up. From there, you can just click the button to contact each dealer, and shop around for the car you want without hours of searching.

Long-Term Investment vs. Short-Term Solution

At Fairless Motors, we won’t judge you by your car preference or your budget. We know our customers sometimes need a car that can be purchased for a very low price and only drive for a few months while you are job searching, getting ready to graduate from college, or you just moved to the Philadelphia area and need to get around. There are needs for a cheaper vehicle that doesn’t need to run forever, but we also encourage our buyers to think bigger and more long-term. Our inventoryranges from slightly older cars with higher mileage to newer, lower-mileage vehicles that can be a better long-term choice.

How to Consider A Deal on A Deadline

It’s understandable to feel alarmed when a dealership is trying to get you to purchase a car that may not be exactly what you’re looking for. Your reaction might be, “Wow, what’s wrong with it? Why do they want me to take this and not anyone else?” That reaction is reasonable. Some dealerships will try to steer you to a vehicle that they’ve had difficulty selling, so they offer it at a lower price. They are simply trying to offer you a bargain to make more room on their lot for other cars that they have coming in. They might give you a day or two to think about it, and this is when you should do your research to see if this deal is in your favor. Use an appraisal toolto figure out the vehicle’s market value, ask more questions about the vehicle’s condition and history, and you might drive off the lot with a great deal.

Now that you know tips on finding the best deal, read our post on the things you should know before buying a used car.

Fairless Motors has been the area’s best family owned dealership for quality pre-owned carsfor almost 30 years. Shopping for a quality used car at a fair price is stress-free when you shop with experienced team members. Our trained commission-free sales specialists take the pressure out of your buying experience. Our finance department has 50+ years of combined expertise to help customers with any credit history get approved. Our experienced team will help you to get behind the wheel of your dream car with affordable financing, regardless of your credit situation.

 

 

10 Things You Should Know Before Buying a Used Car

10 Things You Should Know Before Buying a Used Car

We at Fairless Motors strongly believe that buying a pre-owned vehicle instead of a new one is the right choice for so many Americans. You have a huge variety of options and can find significantly more budget friendly vehicles, especially when you go through a used car dealership that offers a large range of used cars. But there is a lot to consider before starting the process, which is why we put together the following 10 things you should know before buying your used car or truck.

Establish A Budget Range, Not Just A Set Amount

Before you get too set on your dream car that may be out of your price range, determine what your budget is. Make a full budget spreadsheet to keep track of your income vs. expenses if you don’t have one already. List all your income and known expenses like your rent/mortgage, average utilities, loans, credit card payments, and estimate anything else that you pay regularly, such as food, clothing, entertainment, etc. If you already have an affordable car payment, use that as a baseline for your new vehicle’s budget.

Once you determine what monthly payment makes sense for your budget, write down a range. The low price should be 10 to 20 percent less of what that number is, and the higher price should be 10 to 20 percent above. Starting your shopping with a feasible range gives you more options to buy. If you find a car that you love and is cheaper, that’s great. But knowing exactly how much more you can spend, car eliminate the hassle later, or keep you from making an impulse buy that isn’t really within your budget.

Start the Process with A Brand or Model in Mind

There are many reasons why one auto company can stand out to you. Prices make some people value a few brands, as they know they have affordable options. An individual’s brand loyalty or the influence of friends and family can be an effective way of forming a relationship with an automaker. Or, you can decide that you just like one or two manufacturers more than the rest, and that’s okay. Narrowing down a brand or model will help you narrow your search and be less overwhelmed by options. Consider factors like the car’s use, driving distance per week, the mileage and the price of gas in your area, and maybe even your typical parking situations.

Used Car Terms: CPO and Second-Tier Vehicles

There is significantly more risk involved with buying from an individual seller rather than going through a dealership. Used cars can be identified two ways. Certified Pre-Owned, or CPO, vehicles go through a checklist of inspections, repairs, and normally have established warranties. Second-Tier vehicles refer to cars that may be the affordable solution to a higher priced model. For example, Honda Accord to the Nissan Altima. Both perform similarly, but one will consistently have a lower price tag.

How to Make Depreciation Work In Your Favor

Depreciation, as it applies to new cars, explains the fall in value of a new car after it is driven off the lot. Cars with depreciated value, such as a car that’s just a couple of years old, will sell for significantly less on a used car lot. Searching for a model similar to the brand-new car you idolize, such as the model from two years ago, will help you make educated and smart purchases.

Can You Trade in Your Current Vehicle?

Trading in your current vehicle is a great way to immediately lower the price on the car you want to drive home. Fairless Motors will trade in your used car for your new vehicle. Visit our appraisal page to get an initial quote on how much you can save on your new car by trading in your current car.

Browse the Used Car Inventory Before You Visit A Dealership

In today’s market, a respectable dealership will have a reliable website and maintain an updated inventory. Being able to review inventory before going to see cars on a lot will not only show you what’s in stock, but their advertised prices as well.

Verify Prices and Availability Before Going to See the Car

Calling a dealership to confirm the online price and that the car is still available is a great way to make sure the dealership’s inventory and prices are accurate and up to date. At Fairless Motors, we update ours daily to make sure you can see our current selections, of low mileage, late model vehicles online.

Make Sure You Ask for All Specs and History

You can see a lot of specs on an online inventory or on a flyer your salesperson will give you. But what about repairs, accidents, and title history? Find the car’s Vehicle Identification Number (VIN) and run that through CarFax. If the VIN isn’t on the car’s listing, you can often find it on the driver-side door, left side of the dashboard, or the steering wheel. The VIN is 17 characters long and is usually made up of both numbers and capital letters. All Fairless Motors, all vehicles have undergone a complete inspection, been professionally detailed, and come with a free CarFax History Report.

See How Buying Used Will Affect Your Insurance

There’s nothing like the disappointment of getting ready to purchase your dream car, checking your insurance, and then finding out purchasing that exact car will send your insurance premium through the roof. Call your insurance provider or use any online tool they have to see how your new purchase will affect your premium. Generally, older cars have cheaper premiums, but automaker, model, and the vehicle’s history are the factors that affect your premium the most. Things like safety features, price of replacement parts, the model’s rate of theft or break-ins, or even the name of the model having words like “turbo” can raise insurance premiums. Although the car itself may be within your budget, double check that the insurance coverage is also within your budget.

You Can Finance A Used Car with Low Credit

A bad credit score can leave people feeling helpless or like they won’t ever be able to afford a car that would otherwise fit in their budget. At Fairless Motors, our specialized auto financing team can help you find affordable loan options regardless of your credit history. Our goal is to see you walk away happy and confident with your new vehicle purchase.

Your Used Car Buying Checklist

After reading this, don’t be overwhelmed. Here’s a quick checklist of things to know or have while searching for your perfect used car:

  • Your budget range
  • Your insurance payment range
  • An idea of the car you want and what you need it to do or have
  • Check your dealership’s online inventory
  • Do a credit check with the dealership for financing options
  • Verify the car’s price and availability
  • Verify the car’s history
  • See how the car affects your insurance premium
  • Go see the car and test drive it!