Day: May 7, 2021

The Smart Way to Buy a Used Car Online

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Buying a used car has some real advantages. Chief among them is the dollar savings you can achieve by letting a previous owner bear the brunt of the depreciation all new cars experience upon being sold.

On the other hand, those savings come with a degree of risk. After all, used cars are almost always sold as-is, with no warranty protections. In other words, what you see is what you get. However, you can also get what you don’t see.

That’s when knowing the smart way to buy a used car online can pay off.

Here’s what you need to know.

Research the Model Online
Once you’ve settled on the year, make, and model of the car you want, conduct a search engine binge to read everything you can find about it. Stick to those specific parameters so you can find the quirks peculiar to that iteration of the vehicle.

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Here’s what to know about trading in your used car

If you have a used car, now may be a good time to pull the trigger on trading up.

The average trade-in value for all used vehicles reached an all-time high of $17,080 in March 2021, according to a report by automotive website

The pandemic wreaked havoc on automobile supply chains, leading to several key shortages that tightened the supply of new vehicles. As a result, consumers are turning to the used market in search of more alternatives and better value.

“If you plan to purchase a new car and trade in your existing vehicle, you’ll be in an excellent position to get top dollar for it,” said Laura Adams, a personal finance expert. “The most desirable cars will be under two years old and in excellent condition.”

But trading in a used car for a newer vehicle isn’t the right move for everyone. Here’s how to

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