There are many ways to purchase a new or used car today. In the past, if you wanted to purchase a new car; you would have to visit the local used car lot, and choose from their vehicle inventory. However, today there are many options for those looking to purchase a new or used car, each with their own advantages and disadvantages. The type of place to purchase your new vehicle at will also depend on the type, the year and the pricing of the vehicle you want. The two main places to purchase are at car dealers or online through a private seller.
There are many online sites that allow people to sell their used cars. They may sell leases they want taken over, or they may sell their used car. Some may require cash, while others might require a private loan for pricier vehicles. The advantage of purchasing online is that a buyer can look for specific used cars, even specifically looking for color and style. They also may have more room to negotiate, as many private sellers may need the cash immediately or have room to lower the price. However, buyers should be careful when purchasing online as there are no warranties or guarantees available. It can also be more difficult to obtain a private loan to purchase a vehicle through a private seller than it is to obtain a loan through car dealers. Many lenders require about 10 to 20% down when taking out a car loan. This amount can be even more if a private loan is required.
Purchasing used trucks or used cars through car dealers is generally a much easier process. Auto dealers generally have their own billing department to run credit and to offer financing to the buyer. Many car dealers also offer warranties on their used trucks for sale. Car dealers, backed by manufacturers, offer ?certified? used-car programs for newer used cars (usually up to three years old). This is an extremely beneficial advantage as it backs a buyer in the case of any major needed repairs in the first few years of the car loan.
Car dealers also have the ability to offer incentives and deals. They may be able to provide you with funds for a trade-in, whereas a private seller would not be able to. This will save you the step of having to sell your own vehicle. They can also offer tax reductions and can roll in title and plating fees into your loan, making your out of pocket costs less. Used car dealers also generally have a bigger stock available, with various features available. This seems to be important to some customers, as Gen Y customers, who have accounted for 27.7% of new-vehicle sales thus far in 2015 are willing to spend an average of $3,703 on technology for their next vehicle.
There are advantages and disadvantages to purchasing through either a private seller through an online website or purchasing a used car from an auto dealer. Private dealers allow more negotiations to be made, and allows buyers to search for the exact vehicle and color they desire. Dealerships however provide buyers with warranties and guarantees on their purchases. It can also be much easier to obtain an auto loan through a used auto dealer and auto dealers have a better ability to provide buyers with technologically advanced vehicles.