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Buying a Used Car? Sixteen Tips on How to Keep From Getting Ripped Off

Do you want to buy a quality used car but are afraid of getting ripped off?

You’re not alone, and for good reason. Used car sales are far and away the most lucrative segment in the auto industry in terms of commissions that the sales people and dealership makes and therefore, the GREED factor comes in when selling cars is concerned. The potential for being taken advantage of increases for the unwary and uninformed car buyer.

Having said that, there are still quite a few honest, credible used car dealerships out there and if you are prepared with some of the tips in this article, then you can drive off with a nice, clean used car AND a good deal.

There are TWO basic types of Used Car Dealerships you need to know how to differentiate between the two.

1. Your garden variety of used car dealerships that most towns and cities have almost everywhere. These dealerships, generally sell cars bought at local auctions or were higher mileage cars bought form a local dealership, or taken as trade-ins on their lot. Generally speaking, you won’t find the latest models with the lowest miles and still under warranty. What you CAN find are clean reliable cars, maybe with higher miles that you wouldn’t find at a brand dealership, but often lower prices. The typical used car dealership has nowhere near the overhead of major dealerships so, their gross profit margin – the difference in costs they have in a car and what they can sell it for — can be lower, thus, ideally, saving you some money.

Most of the better used car dealerships offer financing and warranties for all their cars at an extra cost, of course. Some, but not most have a place to service their cars before putting the car on their lot. You need to make sure whatever car you are looking at has at least had an updated inspection.

Used car dealerships can be a great place to find a good car, BUT, be careful, some of the cars can be rough around the edges and you need to know what to look for and how to look at a used car.

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Offers buying tips for new and used cars plus information about warranties, trade-ins, and insurance.

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