Have you heard of government car auctions? There are a few ways to buy a car. One is to take out a loan with the bank and pay for the deposit at the car showroom. The other cheaper option is to import a car from Japan but you are quite limited to Japanese car makes only. The third is a less painful and much cheaper option, which is to buy one at the car auctions. Do not be surprised that you can even find good quality and almost new cars on sale at such government car auctions.
If you happen to find the owner who is willing to sell his or her car to you then you are quite lucky. First, you know the owner and his/her lifestyle and second you can negotiate its price. Generally, it’s much cheaper and easier to negotiate with car owners than from The Sharpest Rides in used car dealerships.
Advertising is another avenue. Maybe you have had advertisements in local publications but little or no business from them. First of all, make sure your advertisements are no greater value than 10% of what you are bringing in. If they are more than that, then either you are at the very beginning, that is, the first six months of your career, or paying too much for advertising, or not charging enough, or any combination thereof. And it is good to be specific and aim at where your client is coming from rather than your point of view. It is good, for example, to do an ad like “Neck and shoulder pain? Feel better today with a great Indian Head Massage, much-loved for help with neck and shoulder tension. Call now on [your phone number]”. Be specific.
Once you decide to buy a new car, you should research and then proceed. There are many ways you can do research, you can ask your relatives, colleagues and get their opinions.
People with credit scores of 680 or less should not submit applications for financing. They should concentrate on raising their credit first. Rejected applications bring down your credit score so you should be very strategic when applying.
They can give you a bunch of choices, which would match your monetary strategy. As they handle used cars all throughout, they are experienced to direct you with the best car that worth your money. Even if they don’t have the make and model of the car you are trying to find, they can arrange one or guide you to the marketplace where it can be readily available. So in short your search becomes simpler.
Depending upon the year and mileage, financing rates vary greatly between used cars. Do not be surprised, depending on your credit, if the rate varies as much as twenty percent! Basically, the way it works is, the older the car or the higher the kilometers, the higher the interest rate. Interest rate is a reflection of the risk the bank assumes. The older the car, the higher the chances of it breaking down. Repairs can sometimes be costly and may cut into the budgeted loan repayment for the bank.