Advantages of Buying a Used Car From a Dealer
The main benefit is that you won't have to worry about buying a fraudulent vehicle. Dealers are required to follow strict laws so they will rarely risk getting their license revoked.
This is especially true for franchised dealers that sell new vehicles. The last thing they want is to lose their franchise license. With private party sales, there can be situations where fraudalent titles can lead to a long and costly legal battle.
Another advantage to buying from a dealer is they will usually have a good selection of late-model used cars to choose from. They have first dibs on vehicles coming off factory leases and they get a steady stream of trade-ins from new car buyers.
Most dealers thoroughly inspect their vehicles and replace any worn parts before putting them up for sale. They also offer a much better level of service - especially after the sale. Good luck trying to rectify any problems when buying a car from a private party.
Most dealers want to keep customers happy, so it's not unusual for them to fix problems that occur after the sale.
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