Wise Tips for Purchasing a Used Car

Written by cartalk on . Posted in Cars with good gas mileage, How to purchase a new car, Top rated cars

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Did you know that three quarters of all hybrid cars sold in the U.S. are made by Toyota? Since it was first produced in 1966 the Toyota Corolla has gradually become the bestselling car in the world. The Corolla’s popularity can be attributed to its reputation for reliability, fuel economy, and long life.

The Corolla’s positive reputation is a big reason why Toyota dealerships are popular among customers searching for Toyota used cars for sale. Although most drivers wish they could afford to buy a new car, the fact that the average new car now costs more than $31,000 makes that difficult for many.

The good news is buying a used car might be a wise choice for any car buyer regardless of their budget. This is because a new car will depreciate an average of 10% each year, not including the 9% the moment you drive it off the lot. Thus, once depreciation is factored the car will only be worth about $16,000, which means you will be lucky to get $10,000 for it on trade in.

However, if you choose to purchase a one or two year-old used car, the original buyer’s loss is your gain. This is especially true for used Toyota automobiles, because they are known to easily exceed 200,000 miles. Even better news is it’s easy to find used cars for sale that are reasonably priced and in excellent condition.

When shopping for a used car, it’s important to choose the right dealership. One of the drawbacks of used cars is that your choices are often pot luck. Therefore, it might be tempting to go to a used car dealership, because they will have the widest selection of used cars. Right? Not necessarily.

Believe it or not, new car dealerships can often give you great deals on used cars. The reason new car dealers can offer great deals is because they focus on selling news cars. Since car manufacturers offer special sales incentives to everyone from the general manager to the sale reps, there is a lot more room to deal on the price of used cars.

Although it is easy to find used cars for sale, the surest way to find the best new car is take some time, shop around, and check the newspaper. Oftentimes the best used car deal is the one that takes you by surprise.

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