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Used Car Prices Predicted to Go Up

Used Car PricesLooking to save money on a used car?

You just may be surprised by that number on the sticker.

Consumers paid $1,800 more for a used vehicle in July 2010 than they did a year ago - a 10.3 percent increase from last year (though Cash for Clunkers might have driven up the averages.)

One reason: used car inventory is low, so prices for unsold used cars are increasing.

But just because used cars are now pricier, it doesn't mean that consumers shouldn't buy used.

Purchasing a pre-owned vehicle has a lot of benefits: collision insurance and taxes are lower, and buyers don't have to worry about the values of their cars plummeting when they drive them off dealership lots.

Even if consumers end up paying more than they want for a used vehicle, in the long run, they'll save more.






3 Steps Every Car Buyer Needs to Take to Save Maximum Money

The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:

Step 1 Get Prices From My Trusted Network

Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Select Vehicle to Get Local Pricing

Step 2 Get Prices From TrueCar / CarsDirect

TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.

Step 3 Complete my Checklist

Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan

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About The Author

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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October 2022

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I welcome your car buying questions. Email Me and I'll be glad to answer them!





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