When buying a used car, what is a good discounted rate?
By Cars & Motorcycles on Apr 27, 2009 with Comments 3
chlg247 asked: HI!. When buying a used car that’s about $15,000, what would be a good figure for me to to throw at them, $12,000, $13,000? I’ve never bought a used car before but my wallet tells me I can only afford to buy a used one nowadays. My car’s dying and I need some help finding a good used car. Thanks.
Filed Under: Buying Used Car
About the Author:
well you can buy a good used car for 1000 bucks that could last 5 yrs or more so with 15,000 pretty much get a new one really or what i would call new if you got that much pretty much get what you want heres a link or two on how to check a used car following it wil help you pick a good car but with that much money list of great used cars pretty much endless i spend 3000 on one four yrs ago stil driving it an d runs great
What is the car actually worth? Check kbb.com and nadaguides.com. The car that the seller is asking $15K for may not be worth $12K or $13K, so if you “talked him down” you would still be paying too much.
Here’s a hint: Car sellers do not price their cars at fair market value. Here’s some more help:
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There’s no magic rate. Depends on the individual dealer’s way of doing business. Haven’t you seen any dealers operating with “the price you see is the price you pay?” You’ll have to do some research. Estimate how much the dealer’s invested in the car; what he bought it for, what he put into it (new tires, clean up, fixing dings, warranty,,…) & what he would be ok with as profit. If it’s been in inventory for a while, he may consider taking a small loss to move it. If it’s a popular model, he’s not gonna give it away. The dealer wants to sell you a car but he doesn’t have to if it doesn’t make sense.