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Author: Jim Johnson
The used car market is huge, and every day lots of people are spending way too much money when they buy a used car. Dealers count on this. In fact, the used car section of most new car dealerships is one of the most profitable departments for the dealer. There are usually very common mistakes that
1. Not doing advance research to know what their current car is worth. This is a very common mistake that is so easy to solve today. There are two major providers of used car value information in the US and they are (1) Kelly Blue Book and (2) the NADA Guide. It used to be that you had to find someone who had a copy of one of either of them to find out what your vehicle is worth. But now all you have to do is just log onto the internet and go to their websites to get a quick, easy figure with no hassle. It's worth the time taken to know what your car is worth as you start to negotiate a trade-in or sale.
2. Not doing the homework needed to find out what car will be best for you. All too often shoppers make the mistake of getting too focused on one particular brand or model and not even considering alternatives, simply because either they don't know about the others, or they are just allowing emotions to rule their buying decision instead of being well-informed. If you get too emotionally attached to one car, this plays into the hands of the dealer and you will most likely pay a lot more for the car than you would if didn't let emotion control the process.
3. Not arranging financing beforehand. These days it just makes no sense to rely on a car dealer to finance your vehicle for you after you have picked it out. When you do that you are now allowing
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