When it comes the car buying in Chicago used cars, especially you should never accept the first offer. Negotiating on a used car can save you a lot of money and is well worth it.
But some of you might ask how can you stretch the negotiation to get a fair deal without the seller or the dealership really laughing at you walking away. We have some suggestions on how you can target a used car in the Chicago area and get it at a fair price.
Check the vehicle history report
The first thing you wanna do is get the vehicle history report from Carfax or autocheck.com. These places will give you a better ballpark picture of the condition of the used vehicle. If you get the vehicle then you can go online and see if the used car has been in any kind of damage or recent accidents that may cause major repairs in the future. Knowing this information about the van like the vehicle history will make you a more informed used car buyer.
Get the VIN for the used car
The place that you can find the VIN is on the driver’s side underneath the windshield there should be a VIN code that you can run to get vehicle information.
There are a few other things that come with checking the VIN such as mileage analysis price of the vehicle or market analysis for the used car. You may also compare used cars that are similar in the area of Chicago. One other thing is by checking your van or the vehicle thing is you will be able to see what supply analysis is out there so’s what vehicles are for sale in your local area so you can have more purchasing power.
The more information that you have from another vehicle the more power you’ll be able to Garner knowing that you’re getting a great deal in a used vehicle. Car dealers in Chicago are known to move vehicles that have been on the market for a long period of time used car-wise so the longer the used car has been on the dealers Carla the more negotiating they may be willing to take.
Know the market value for the used car
Ideally, when you are buying a used car you want to know the market value of the vehicle you want to overspend but you don’t wanna under his bed and shoot yourself in the foot for a car that you could’ve possibly saved a grand to two on. You want to keep in mind the mileage the model the condition of the vehicle that you were looking to purchase. Another major factor is to make sure that your local dealerships have the cars that you’re looking at in stock because that might make you willing to work with one specific dealer or price comparison for the vehicle that you want. Simply supply and demand.
One of the other best things that you can do to get your best chance at a used car that you want locally and a car that in the Chicago areas get preapproved auto financing which is simple and easy and most car dealers will have some sort of auto financing available but you could also go through a number of online auto financing lenders for bad credit or poor credit auto financing.
Have your auto financing already set up
Auto financing before you go to the dealership also gives you the upper hand and allows you to shop within a budget. You don’t always want to go with a longer long-term because the interest rates may be higher so look at the terms of the auto loan before you sign over on anything purchasing a new and used vehicle.
You’re realistically shopping for the overall payment of the vehicle with an auto loan, not the monthly payment.
Never show excitement when buying a used car
When you walk into the dealership or even work with a private seller you never want to show excitement when buying a used car because this is going to let them know how badly you want the car and the car dealer especially may not be prone to negotiate the way in which you think they should negotiate price on a used car. It might be best for you to go into the dealership and let them know that you have been considering other makes and models of cars or specific cars from specific car dealerships or a number of other local car lots in the Chicago area. Get the car dealer to compete for your business a little bit.
Give the used car a good inspection
When you’re looking to purchase a used car you want to inspect the car thoroughly make sure you inspect under the hood the doors on the hood the trunk on the driver’s side make sure that there’s no rust on the inside of the car and also you want to make sure that the windshield wipers would work the air conditioner works headlights work no dings or dents on the doors. If you find any problems that are suspicious you can ask the dealer to knock down the price you were there willing to negotiate or worst-case scenario just walk away from the used car.
Have a target price for a used car in mind
When you walk into the dealership you should also have in mind your max price that you’re willing to pay for a car but don’t let the dealership know what your max price is. Make sure that the price is fair. make sure that you’re going off the sticker price maybe ask for $3000 off of the sticker price depending on the year and the model car that’s where your research is really going to come in handy. You also want to make sure that the dealership price that they are giving you is out the door which is fees and charges.
Don’t fall for the extended warranty on used cars
Some cars aren’t even worth getting an extended warranty so don’t even fall into the trap of the extended warranty add-ons that dealerships will try to put into the contract when they do bring it up just say that you have other programs that you’re considering or you have that already taken care of through the bank that you’re getting the other alarm through.
Chicago car lots to work with
If you really want to find a car dealership for used cars in the Chicago area that is going to work with you regardless of credit connect with our auto loan programs for used cars. It also helps to do research on a number of vehicles and even test drives.