7 Factors That Determine The Price Of Used Cars

By Gary Hanish

Going for something cheaper is a human tendency. This applies when buying a car as well. This is why so many people are buying used ones. It has been reported that the number of people who purchase used cars in 3 times as many as the number of people who purchase new ones.

1. It is beneficial to know how used cars are priced. Dealerships will usually add a certain percentage of the original value of the used car to its current value This will increase the cost of the car sold at these dealerships.

2. Determine the many factors that affect the prices. Used car pricings are affected by installed optional equipments or the location where you are buying. There are areas that have a high market demand for a certain car. If that is the case, you may get a better deal if you travel outside of the zone to shop around.

3. A good way to educate yourself about the current pricing of used cars would be to seek the help of NADA (National Automobile Dealer's Association). They have guides that show the prices and these guides are published once a year. In addition you could also go to their website and check the current price of the used car you want.

4. Cheap used cars might also be found at government auctions. These auctions take place every year. You should check the list of auction program to see if the car you are eyeing for is on offer. They may also provide you with tips on how to find used cars at low prices. Visit the Federal Citizen Information to find out more.

5. Check out the Internet. There are a lot of web sites that provide pricing guides on used cars and also guidelines in finding the right ones for you. You may compare prices; check out the features of the used car and the location where you can buy cheaper prices.

6. It is also important for you to note that the age of the used car, its overall shape (condition), its age, its market demand, its mileage, as well as its interior and exterior condition all affect the price of the used car. You should also get its maintenance record from the dealership or previous owner.

7. Be wary of tricks deployed by dealers. They know that a person will not buy unless he is given a discount. Hence what they tend to do is they will mark up the original price of the car. When a prospective buyer shows interest, they will give a special discount to him. Unbeknownst to the buyer who thinks that he has found himself a bargain, the price of the car after discount is actually the original price before the mark up.

Gary Hanish Is A Car Expert Who Knows Very Well The Ins & Outs Of Buying Used Cars. Get His Free "Car Buying Tips" Course On His Buy Used Car Site & Learn How Not To Get Ripped Off When Buying A Used Car.