Skip the auto shop - Our mechanics make house calls
  1. Home
  2. Articles
  3. Top 5 Tips for Negotiating a Better Price on a Used Car

Top 5 Tips for Negotiating a Better Price on a Used Car

imageDescription

Buying a used car can feel like a very intimidating process. You want to make sure that you get the best value for your money, and that you end up with a car that’s going to last you for the next several years. The key to getting the best value is to do your research, and use that information to negotiate a better price on the used car.

Tips to help you navigate your negotiation

  1. When the dealer asks how much you’re willing to pay, give an overall price. Most used car loans are 36 months long, so if you’re looking for a particular payment of, say $300 a month, multiply that by 36 ($10,800), and then subtract ten percent ($1080) to cover the taxes and other associated fees that will come with your purchase. Add that amount ($9720) to the amount of the down payment you’re willing to make to get your final overall price.

  2. Become familiar with the Kelley Blue Book. The Kelley Blue book will give you the approximate value of the vehicle you have in mind, minus any modifications that may have been done. You can look up the make and model of the vehicle you’re considering using their research tools, and print out the information to bring to the dealership with you. Their app even allows you to pull up specs and reviews on your smartphone, right from the dealership.

  3. If you have a trade-in, know its value, too. Again, the Kelley Blue Book is your friend. Bring all of your maintenance records with you. That will help them to determine how well the vehicle was taken care of, which can increase the trade-in value. Maintenance records will also show the value of any modifications, and if they were previously installed, they may also increase the value of your trade-in.

  4. You may be able to negotiate the price of an extended warranty or any work that the dealership agrees to do based on the maintenance records of the vehicle. If the vehicle has been well maintained, the price of that extended warranty should be cheaper.

  5. Get a pre-purchase inspection by a third party mechanic. A dealership should have licensed mechanics on staff, but their ultimate goal is to sell you the vehicle. A pre-purchase inspection not only insures that what the dealership is telling you is truthful, but can give you the true value of any aftermarket modifications. YourMechanic offers pre-purchase inspections to help you make a well informed purchase.

When you go to the dealership with a researched vehicle choice, well armed with the knowledge of knowing what you want and need, and prepared to book a pre-purchase inspection, you should be able to negotiate a price on a used vehicle that is easy on your wallet.

The statements expressed above are only for informational purposes and should be independently verified. Please see our terms of service for more details
Icon-warranty_badge-02

Skip the repair shop, our top-rated mechanics come to you.

At your home or office

Choose from 600+ repair, maintenance & diagnostic services. Our top-rated mechanics bring all parts & tools to your location.

Fair & transparent pricing

See labor & parts costs upfront, so you can book with confidence.

12-month, 12,000-mile warranty

Our services are backed by a 12-month, 12,000-mile warranty for your peace of mind.

Get A Quote

Need Help With Your Car?

Our certified mobile mechanics make house calls in over 2,000 U.S. cities. Fast, free online quotes for your car repair.

GET A QUOTE

More related articles

How to Get a Louisiana Driver's Permit
s licensing program. The first step in this program is to obtain...
Veteran and Military Driver Laws and Benefits in Idaho
The state of Idaho offers a number of benefits and perks for those Americans who have either served in an Armed Forces branch in the...
Veteran and Military Driver Laws and Benefits in New Mexico
The state of New Mexico offers a number of benefits and perks for those Americans who have either served in an Armed Forces branch...

Related questions

Q: I live in Dubai. I would like to know if a 2009 Mazda CX-9 is easier to maintain compared to a 2009 Ford Explorer.

Hi there: This is a very good question. The best way to determine which one is easier to maintain, you might want to research car reviews on Edmunds.com for consumer reports on the Mazda and Ford you're looking at purchasing....

Q: Advice on buying a double-clutch Kia Optima

Yes, it is harder for maintenance, and I'm not a fan of those double-clutch systems, especially on a Kia. I'm actually not much of a Kia fan. Kias used to be junky little hollow jumping cars 20-30 years ago. They...

Q: After four alignments, car still dangerously pulls to right

Hello! I have not come across this issue specifically related to BMW's. However, what jumped out at me was the fact that two BMW dealership service departments aligned your 740i, took your money, and sent you away with a very...