Small Business Brief

Auto Dealership

3 Tips for a First Time Used Car Buyer

Only one in three car buyers know the exact car they want to buy. This statistic shows how indecisive people are when it comes to buying a car for the first time. 

A lot of people don’t know how to strategically buy their first used car. Not knowing how to buy a first car can be difficult, especially if you have no idea what car to pick, how much to spend, or how to negotiate. 

It can be a daunting experience buying a car for the first time. 

To make it less daunting and more exciting, here are three car buying tips when it comes to buying a car for the first time.

Tip No. 1. 

Being a first time used car buyer should be about narrowing your interest. Tip no. 1 is about narrowing your car search. 

You may not know what kind of used car you want, but by narrowing it down to the make and model or just the make, you have a better idea of what you want to buy. 

Choosing a Honda or Toyota can help you decide what model you want within your budget. You’ll also be buying a car much faster because you won’t spend endless hours looking at every kind of used car available. 

Tip No. 2.  

Tip number 2 is about determining what kind of you loan you can get for a used car. First time used car buyers often wonder, “how much will it cost buying my first car?” You can figure that out by knowing much of a loan you will get approved for. 

Be sure you are aware of the interest rate and what kind of you loan you qualify for. You should also be aware of the hidden fees and the fine print before signing anything. 

You can also find more information on getting a loan here. 

Tip No. 3. 

The final tip is about taking your time. You especially want to take your time if you are purchasing a used car from a dealership. 

Don’t tell the dealer how much you want to pay. You should focus on getting the total price of the car. If you focus on this part, you may end up with a lower monthly payment than you originally thought you might have to pay. 

Taking your time shows the dealer that you don’t need to buy a used car immediately. By now showing urgency, it can help put pressure on the person selling the car.  

Don’t Worry About Being a First Time Used Car Buyer

Being a first time used car buyer can be overwhelming. You may like you have no idea what kind of car to buy or if you can afford the car you want. 

It just takes a bit of research and knowing these three key tips. If you can master these three tips, you will be on your way to finding the best-used car that fits in your budget. 

For more information on buying a used car, visit our website.