Edmunds: Avoid these five mistakes when buying a used vehicle
- On September 29, 2022, shoppers examined used Jeep Grand Cherokees at a Pittsburgh dealership, highlighting the importance of avoiding common mistakes when purchasing used vehicles.
- A significant motivation for buying used is the average price gap of over $20,000 compared to new vehicles, according to Edmunds' sales data.
- However, used cars can hide issues like accidents, flood damage, or odometer fraud, and sellers may not be entirely truthful or aware of the vehicle's complete history.
- To mitigate risks, buyers should obtain a vehicle history report from services like Carfax or AutoCheck to uncover accidents, title issues, rental/fleet use, and recalls, and consider a prepurchase inspection costing $150 to $400 to identify underlying mechanical problems.
- Furthermore, buyers should focus on the total vehicle price, interest rate, and loan term, and check loan rates at banks or credit unions for pre-approval, as dealer financing might not always be the best option, and emotional purchases can lead to buyer's remorse.
11 Articles
11 Articles
Edmunds: Avoid These Five Mistakes When Buying a Used Vehicle
NEW YORK (AP) – It can be a smart money-saving move to buy a used vehicle instead of a new one. The average price gap between new and used vehicles is more than $20,000, according to recent Edmunds’ sales data. But many used-vehicle shoppers make costly mistakes that can be avoided with a little research […]
Edmunds: Avoid these five mistakes when buying a used vehicle - The Morning Sun
It can be a smart money-saving move to buy a used vehicle instead of a new one. The average price gap between new and used vehicles is more than $20,000, according to recent Edmunds’ sales data. But many used-vehicle shoppers make costly mistakes that can be avoided with a little research and preparation. Here are five common mistakes identified by Edmunds’ experts and what you can do to avoid them. Not taking a thorough test drive Many shoppers…
Winnipeg Free Press
Edmunds: Avoid these five mistakes when buying a used vehicle
Breaking News, Sports, Manitoba, Canada
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Buying a car can be exciting, but also stressful, especially if you need to stay on budget. Luckily, TikTok user @andysautoadvice, who, fittingly enough, gives auto advice, has a few quick and simple things to look out for when you’re shopping around. “Five signs you got scammed at the car dealership,” he begins.” “Number one: they proceed to ask you how much you want your car payment to be. If a car salesman does this, they’re trying to maximiz…
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