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Thursday, December 10, 2015

Benefits of Buying From a Used Car Dealer


When shopping for a used car, you could choose to buy from a private party or to buy from a used car dealer. While the car purchased from the private party may cost less than the same car from a dealer, you may end up spending more on the car that you purchased from a private party in the long run. This is because you can't guarantee that the vehicle will remain in good running condition.

In some cases, you may not be able to get a loan from a credit union or bank with the same or similar terms that you would get when working through a dealer. Used car dealers can leverage relationships with several financial institutions to almost ensure guaranteed approval at low interest rates. These low rates keep your monthly payment at a reasonable level while you own the car.

Furthermore, the dealer may be able to guarantee that the car is in good mechanical condition and may even offer an affordable service plan. This ensures that you don't spend money on repairs, which could help to keep your insurance rates down as well.

The dealer offers many benefits before you purchase the car as well. First, you have the opportunity to test drive a variety of vehicles at one place over the course of a short period of time. When you find the car that you want, you can sign the purchase agreement without the need to go to the DMV afterward to finalize it.

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