How to Find the Best Price Online for a Used Car
The way you shop for a used car online is changing.
While those indeed are valuable tools, there’s been a technological breakthrough that can help the good online car shoppers become great ones. It’s called the CarGurus DealFinder. Use it in your next used-car search, and it could save you thousands of dollars.
What makes DealFinder different, and where can you find it? Keep reading to find out.
When the time comes to shop for a used car, please don’t be the person who leaves home without doing the proper research. Whatever dealer you end up at will have a car that catches your eye, but you’ll spend too much for it and end up with a vehicle that may not suit your needs. (But the dealer sure will adore you!)
Before you ever leave the house, decide what your budget is. It might sound incredibly obvious to say that, but skipping this step can lead to your emotions later justifying an extra 5 grand that your wallet can’t cough up.
If you decide that spending $10K to $13K is your limit, start researching cars online that might meet your needs and fall into that price range. Trust me, they are out there!
Starting at Kelley Blue Book and NADA is a fine way to get a general idea of car values, but keep in mind that NADA is a dealer’s association, and KBB gets its prices from dealer-generated reports. Dealers have an interest in buying low and selling high, so it’s possible you could run into inflated dealer retail prices and low-balled trade-in values on those sites.
When it comes time to actually search listings, DealFinder, found exclusively in CarGurus’ used-car listings, can help give a better idea of real-world average list prices on the car you’re looking for. Not only does the site have over 1 million used-car listings, but each one is compared to the national average list price for the same make and model with similar mileage. That gives you an immediate insight into which cars are a good value and which might require some negotiation to slide into your price range.
Once you find a car that meets your needs and is priced within your budget, you can contact the seller directly and arrange your test drive, and you’ll be fully prepared to negotiate a price you can feel confident is fair!
Feel free to share your used-car shopping tips or war stories.