Lemon Aid New and Used Cars and Trucks 1990 2016

How to Find Good Car Deals and Avoid Lemons: What Every American Car Buyer Must Know

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Before you buy a car, you might want to know how you can get the best deal. With a little research you can save thousands of dollars off of the asking price of a new or used car. Even better than that, if you buy just the best car brands and best value cars, you could have a ride that pays for itself multiple times over quite easily. Now, that's what we call a deal, a car that is worth every penny of the purchase price you pay.

Buying a car is complex. Every dealer will quote you a different price for the exact same model of car. Making it worse, the car loan industry has an equally confusing plethora of interest rates and money down, enough to confuse the average consumer.

Often, you buy a car and only find out later that the costs of running it are higher than you bargained for. You then sell the car at a loss. The reality, however, is that the gain or loss is made on a car purchase before you ever have to sell, right at the time you buy the car.

Understanding Car Prices for Used and New Vehicles

Most people don't know that a car loses a whopping chunk of its value the moment it's driven off the lot. Drivers pay a premium, an expensive premium, for driving, and buying, brand new. On a $40,000 brand new Subaru WRX STI, for example, driving off the lot will cost a hit of up to $8,000 on the value of the car. This means you really don't want to buy a brand new car for any reason, unless your income is high enough to make the depreciation cost insignificant.

Finding the Best Car Deal

For most people, the best car deal will inevitably involve buying used. The problem with a used car is that while the make and model might be standard, the condition of a used car is not. Much depends on the ownership history and how good the previous owners treated the car.

If the car has not had regular service, repairs and parts replacement, it will be in much worse shape than a similarly aged car that has had better service.

The Best Value American Cars

Not all car brands are created equal. Knowing the value characteristics of American car brands will help you select the best value for you and your family. Among American brands, a few stand out for exceptional value. Here are some models to look at if you want to buy a car whose price to value ratio won't be a rip-off:

• Tesla Model S
• Chrysler Pacifica
• Ford F-150
• Tesla Model X
• Chevrolet Corvette
• Chevrolet Impala

If You Have Good Credit

One of the best ways to get a car on favorable terms is to obtain a 0 interest offer from a dealer. Major car makers like Ford and Chrysler sometimes run these zero interest offers as incentives to entice customers to buy.

Buying a car at zero interest means that you do not pay any interest charge. Specific terms from the carmaker will clarify the exact conditions. Typically, however, you will need solid Tier 1 or better than Tier 1 car-specific credit. In other words, if you've created a good credit history with car loans in the past, you will benefit from this.

If not, however, fear not. Pay attention to the essentials. Buy used unless you have plenty of cash to make a new vehicle not a problem for your budget. Shop the top brands and highly rated models on which it is hard to lose money.

Lemon Aid New and Used Cars and Trucks 1990 2016

Source: https://www.life123.com/article/how-to-find-good-car-deals-and-avoid-lemons-what-every-american-car-buyer-must-know?utm_content=params%3Ao%3D740009%26ad%3DdirN%26qo%3DserpIndex

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