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The newspaper is only one way to locate good used cars. (Photo by Scott Jacobs)
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Buying Tips
10 Steps to Buying a Used Car
Step 7: Used car markets.
By Philip Reed, Senior Consumer Advice Editor
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The three most common places to buy a used car are:
- Private parties
- New car dealerships
- Used car lots
Of these sources, private parties usually have the most reasonable prices. It is also a more relaxed transaction to buy a used car from a private party rather than to face a salesman at a dealership.
Still, there are advantages to buying a used car from a new car dealership. Many used cars, on new car lots, are trade-ins. Dealerships usually get these cars at rock-bottom prices. If you make a low offer — but one that gives them some profit — you just might get a great deal. Furthermore, many dealerships offer certified used cars that have been thoroughly inspected and are backed by attractive warranties.
Search for your car by using Internet sites such as our Edmunds.com Used Vehicle Listings or the on-line classifieds of your local newspaper. Some sites are very flexible and allow you to search specific criteria such as make, model, options and price range. In some cases you can search the used car inventory of new car dealerships through their Web site.
While the Internet is an amazing resource, you should still try the conventional sources. Ask friends and relatives if they are selling a used car. Keep your eyes peeled for cars with "For Sale" signs in the window. Scan the bulletin boards at supermarkets or in local schools and colleges. Finally, don't forget old faithful — the newspaper classifieds, particularly on Saturday and Sunday.
A lot of time can be saved by calling the party selling the car before you go to see the vehicle. In this way, you can eliminate cars that have problems such as excessive mileage or a salvage title. Use our Used Car Question Sheet when calling to help prompt you to ask key questions. Verify the asking price in the ad.
After talking to the seller, set up an appointment for a test drive. If possible, make this appointment during the day so you can more accurately determine the car's condition. Also, ask for the VIN number so you can run a Carfax report. At the beginning of your used car-buying process you should sign up with Carfax to get its 30 day unlimited car reports service. Every time you get a line on a used car, run the VIN. This will tell you if the car is clean.
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