Buying A Used Car, Part Two: Retailers And Private Sellers

Buying a Used Car, Part Two: Retailers and Private Sellers

I Need a New Car But Can’t Afford to Buy New.

In part one of this series, you learned a car is considered “used” the moment it is registered in an owner’s name. This could mean it has very few or very many miles on it. You may have also been surprised to learn in the first part of this series that used cars are more profitable to dealers than new vehicles, making the used car selling business very competitive.

What this means for the consumer is that they have to be smart when buying a used car. Here are two more sources for used cars and the facts you need to know about each.

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Buying A Used Car, Part One: Dealerships

Buying a Used Car, Part One: Dealerships

I Need a New Car But Can’t Afford to Buy New.

No matter how much you love your car, and no matter well you take care of it, at some point, the odds are good you will have to make a difficult choice: Do you keep putting money into an aging vehicle or bite the financial bullet and replace it?

Have you considered refinancing your used car to free up some much needed cash?

If you need a new car but can’t afford to buy new, don’t despair: There are countless options for buying a used car and financing the purchase with a used car loan, and few would disagree that used cars typically represent a much better value. Let’s take a closer look at the process of buying and financing a used car.

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