Buying a Car Through Craigslist Could Save You $2,000
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.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe 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 NetworkSelect 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).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, 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 ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid