The used car market can be a great place to find an affordable vehicle, but there is also a huge amount of misinformation. Many myths have been created over the years that can stop motorists from finding the right car and often results in people paying more than they need. So, what are some of the biggest used car buying myths that should be ignored?
All Dealers Will Try to Rip You Off
One of the biggest used car buying myths is that all dealers will try to rip you off. Used car dealers suffer from a bad reputation, and although there are a few bad eggs, you will find that most used car dealers are genuine and helpful.
You Get Better Prices With Cash
Many believe that they will get a better deal by paying for the car upfront with cash, but this is unnecessary. Dealers make more money when you take out a finance deal, so you do not need to save up a huge amount to get a good price.
There is Not the Best Time to Get a Good Deal
Sometimes, you will hear people say that it does not matter when you buy a used car to get a good deal. While you certainly can get a good deal at any time, you will find that there are times when it is more likely. Generally, the end of the month, quarter, and calendar year are times when you will get a better deal. This is because dealers will be looking to hit their targets and shift stock during these times, so they are more likely to cut a good deal to boost their numbers.
Tell the Dealer It is Cheaper Elsewhere
One of the oldest tricks in the book when it comes to negotiating is telling the seller that it is cheaper elsewhere. While this might have worked 20 years ago, these days, it won’t get you very far. This is because the internet makes it easy to compare the market, which you can be sure that every dealer will be doing regularly. It is certainly worthwhile comparing prices, but it is their job to know market prices, so only tell them that you have found it cheaper elsewhere if you genuinely have.
These are a few of the biggest myths in the used car buying market that you should ignore so that you can find the right car and strike a good deal.
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