Get used car buying tips for women before the purchase of a car because it will be an overwhelming experience to women. According to Forbes Magazine, in the United States, over 54 percent of women buy cars, and 84 percent of them involve in family car purchase decisions, but still they find buying used cars might be a dreadful experience. Car dealers can rip off, or ignore or patronize Women buyers easily, and also, most women do not have complete knowledge about cars. According to two economists who conducted a study on car dealers quoting higher prices in Chicago to test a group of men and a group of women separately proved that the dealers quoted higher prices to women even though they came with the same features.
That is why used car buying tips for women are provided to help women to learn the techniques to deal with the car dealers before they purchase the used car. Many car dealers and salespersons think that women are not much aware of cars or car purchasing process, and they try to take advantage of that. Even if the women are confident and knowledgeable, they still face different treatment from men, and they try to make women vulnerable.
Used car buying tips and tricks for women help avoid any ill-treatment and also helps them to prevent future problems. When you are planning to buy a used car, the first thing you should do is collect all the required information. The Second tip is, let the salesperson know that you know everything about cars and you have every detail of it. The Third is, you should learn to negotiate efficiently. Even after doing all these things, still, you feel the salesperson is not giving the proper service then find another dealer.
Here you can find some used car buying tips for women that will help you handle the dealer efficiently and to aid you in getting what you want.
1. Do Through Research Before Buying a Used Car
It is very vital to do research before buying a used car unless you know every detail of the car that you are looking to buy the dealer can show you exactly. You can search the internet where you can find everything you need to know about the car. Also, you can check Auto Trader, Kelly Blue Book, Consumer Reports, and the Yahoo auto section are some of the best ways to find the information on used cars. It is the best place to start your research, and here you can also get the price range of the cars that you are looking.
Also, when you are planning to buy a used car, you should also look for the recent resale prices of the car that you want to buy. Knowing the resale value will help you in better negotiations with the dealer. If you are thinking of trade in your current car, then do your research on market values. If you do your research, then you are sure to get the best car within your budget limit.
2. Find out Pre-Financing Options for Used Car
Learning about the pre-financing options is one of the used car buying tips for women. Many dealers offer financing options to the customers, and they can obtain directly from a car dealership. But, the fact is the interest rates for the car loan will be much higher than credit unions and banks. The best way to get a loan is through a credit union or bank. It is better to start your car loan rates here; also, you can get “relationship discounts” that you won’t get anywhere else.
However, you may not find a pre-financing deal online, but you can find current interest rates on the internet. Some financial websites provide the updated information on car loans. Once you get the quote from the financial company, then you can show the quote to the car dealer and negotiate for a lower interest rate.
3. Shop Around Before Buying the Used Car
You should always look for more options when you are planning to buy a used car. If it is not an urgent situation to buy a car for you, then it is advisable to shop around for the better dealership and the used car. Check out few dealerships so that you can decide which dealer is offering the better price. You can also go to different or out-of- town car dealerships to get good deals, which is also a good option because the car price varies as per the location also.
When you get the quotes from the dealerships, compare the prices to make sure that you are choosing the right option. Check if there are any extra fees included in price quotes, if one dealer offers the price that you want, then you can ask them to email so that you use this to quote to another dealer and obtain competing offers. If you are confident enough, then you can even try to negotiate correctly without any supporting quote from other dealership. Also, remember, be truthful to yourself, you should prove that quote is legitimate.
4. Negotiate Terms for Used Cars
Buying a used car is not an easy task, unlike the purchase of a new car; you need to look every aspect of it before buying it. Also, for most people, it is an investment for life. In which case, you might be paying loans for the car next four to five years. You should tell your dealer that you need the car for the necessity, not for luxury. Do everything that is possible to do to negotiate for the car loan, and make sure to get the price down.
If the salesperson offers you the monthly payments of the amount option based on 60-month loan plan, and then tell them that you want the same payment option with 48- month loan. Go with confidence, and stick to your budget. If it doesn’t work out, then don’t feel bad, you can just walk away from that offer. It is always a better to know your strategies and limitation so that it can help you carry out your negotiation.
5. Get Your Financing Approved Before Buying a Used Car
It is important to get your financing approved and ready to go before buying a car. To get you finance approved, go to the bank or credit union or from where ever you are getting a loan, get pre-approved for a car loan. It can help you make your deal quickly at the dealership.
Also, you should know exactly how much you can afford and what’s your budget limit and do go above that at all. When your dealer negotiates with you, make sure to stick to your budget limitation, you should get him to do what you want instead of doing what he wants. Remember, it’s their business, and they want your business so be stern on your strands and do what pleases you the most instead of doing for others.
Used car buying tips for women is not just for women even men should also follow the same rules before buying the used car. Women especially need these tips because most dealers make women feel frail when it comes to buying a car. Buying a car is the biggest investment for many people that is why it is important to be well-informed of every detail of the used car buying process.
Women should feel empowered, and confidence and they don’t get emotional. Set your limits on budget, time, etc., and ready to walk out if you are not satisfied with the deal. Approach the dealership in a more casual way and let them know that you know everything about cars.