Buying a used car is a smart choice when you need reliable transportation. Though new car purchases are on the upswing, buying from a used auto dealer in Illinois is a great alternative. You’ll get an excellent value for your money, but it’s important to know what to look for. Avoid these mistakes when shopping for a used vehicle.
Not Getting Pre-Approved for Financing
If you are shopping at a used car dealership, it’s best to avoid in-house financing, which typically comes at a premium. By getting a third-party loan or paying in cash, you can avoid high interest rates and other fees. When you get pre-approved for financing, you’ll know just how much car you can afford, and you’ll find it easier to negotiate.
Basing Your Decision Solely on the Monthly Payment
Often, when a shopper looks for a new car, they wonder about the monthly payment. While a reduced payment is good for your wallet, a longer repayment term means paying more overall. Because of compounding interest, it may make sense to accept a higher payment.
Skipping the Test Drive
About 20% of those who buy from a used auto dealer in Illinois fail to test drive their vehicles before buying. When you don’t take your potential car for a test drive, you’re more likely to experience buyer’s remorse, or even worse, end up with a lemon. With used cars, it’s doubly important to test a few before making a buying decision.
Buying a vehicle from a used auto dealer in Illinois is a great way to get reliable transportation at an affordable price, but it’s important to go into the process well-informed. By avoiding these mistakes, you’ll simplify the process, save money, and get a great vehicle. Visit our website to view our inventory or stop by Hawk Auto to take a test drive today.