Thinking of getting a used car? You’ll want to buy smart. Whether you’re curious about used Mercedes Benz cars for sale or simply want to consider the benefits of used luxury vehicles, the best purchase is one that sees you saving even as you’re spending on loans, gas and repairs. More Americans than ever are seeing the positives in used cars for sale, circumventing the flashy and expensive models in favor of slightly older versions that offer the same ongoing value. Not too sure where to get started? Glance at the top five list below before you visit your local used car dealer.
A Smart Decision
Used cars are one of the most preferred solutions for Americans of all budgets. According to the 2015 Used Vehicle Market Report, there were an impressive 38 million used vehicle sales industry wide. That’s considered the best annual tally in over eight years! Between both private-party and dealership sales, nearly 40 million used cars will exchange hands every single year without fail. Luxury cars, in particular, account for 18% of all car sales revenue.
Know Your Loans
You’re likely seeking out some used Mercedes Benz cars for sale because you want to save on money. Nonetheless, many still find themselves dipping into loans to help with mounting costs. Keep in mind that most banks won’t give you a loan for a car older than four or five years old — in general you’ll be paying at least 2% higher APR for a used car than a new car loan. If you want a car that’s over five years old, try to get one that’s certified pre-owned (shortened to CPO in many cases).
Pick Your Favorite
Did you know automatic transmissions outnumber manual a whopping 10 to one in the market for used vehicles? This is a car you’ll be using for years, so be sure to choose the one you want and not the one everyone else is getting. This can mean browsing used Mercedes Benz cars for sale or taking a glance at sporty cars for sales. Finding the right car for you is an involving process, so make the most of it!
Always Stay Aware
Avoid these common pitfalls and you’ll be well on your way to success. Consumers lose as much as $4 billion per year due to odometer fraud, with the average rollback being around 15,000 miles. The most frequently searched price range for a used car, as well, is under $5,000. Remember to shop at a certified dealer so you don’t waste your time or your money on something that’s supposed to be easing up on costs. Used Dodge cars for sale or used Mercedes Benz cars for sale are only as good as your common sense.
Just Buy Used
When it comes down to it, buying used is the way to go. An impressive 55% of used vehicles sold back in 2015 were three years or younger, according to a recent study, and the average age of used vehicles sold has edged down to four and a half years from previous figures. If you’re worried about financing or signing up for loans, keep in mind that virtually all automotive dealerships offer the convenience of one-stop shopping through on-site offerings — most dealerships will work with anywhere from five to nine different banks to make sure you get the most options possible. Ready to get a used car?