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Buying a Car Through Craigslist Could Save You $2,000

February 2, 2012

If you want to save money buying a used car, you'll likely get a better deal through a private party than through a dealer.

Until now, there haven't been detailed statistics showing exactly how much you could save. But thanks to a new site called Carsabi, we can now get a better understanding of the price differences.

Carsabi is a used car search engine that analyzes listings from Craigslist and other sources. They sort the prices and present the information in a simple and intuitive way.

According to Carsabi, the asking price of vehicles on Craigslist are about $2,000 less than similar vehicles listed with dealers. For example, the average difference for a Toyota Corolla is $2,854.

Craigslist has always been the best source for private party used car listings, however they make it difficult to find what you're looking for. Carsabi automatically filters and compiles that information to make it much easier to search. Note however, that Carsabi does not currently filter through 100% of the listings. Some of the information on Craigslist is impossible to analyze due to errors or misspellings by car owners.

Check out the full blog post on Carsabi to see the additional information they've gleaned from all the data.

My Recommendation for Car Shoppers

TrueCar No-Haggle, Edmunds Price Promise, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.

California Residents - Important:

There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.

- Gregg Fidan

Gregg Fidan

About: Gregg Fidan

Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.

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