How to Get the Best Used Car Deal in 2023

Tip #1 – Shop Different Brands & Models

Our first tip for getting the best deal on a used car is to be flexible and open-minded when it comes to the make and model of the vehicle. Once you’ve decided on a particular class of vehicle (sedan, SUV, truck, etc.), make an effort to consider multiple models in that specific class of vehicle. Certain models may be more difficult to find than others due to higher demand or low supply. Either way, being open to different models within the same class means that you’ll have more options to choose from. As a result, you have a much better chance of getting a good deal on your vehicle of choice!

Tip #2 – Shop When and Where Others Aren’t

Seasonal factors play a significant role in the supply and demand of used vehicles throughout the year. If you’re able to plan in advance, shopping when and where others aren’t is an excellent strategy for getting a great deal on a used car. Are you looking for a convertible sports car to enjoy in the summer months? Shopping for this segment in the dead of winter means you’ll have more options and bargaining power compared to the summer. Looking for an economical hybrid or electric vehicle? Don’t wait until gas prices skyrocket or you’ll end up paying a premium for this type of vehicle. Keeping an eye on trends and planning ahead can help you snag a great deal when the time is right.

Tip #3 – Consider the Benefits of Certified Pre-Owned (CPO) Vehicles

As you search for your next used car, it’s likely that you’ll come across models listed as Certified Pre-Owned (CPO). Different from your average used car, CPO models include an assortment of benefits that provide an enhanced ownership experience. Some examples of these benefits include enhanced warranty coverage, a rigorous inspection and reconditioning process, special financing rates, a CARFAX® Vehicle History Report, and roadside assistance coverage. While CPO vehicles typically carry a higher asking price than a “regular” used car, the list of advantages that you’ll enjoy with your purchase can make them an outstanding value. Click on the link below to learn more about what Certified Pre-Owned vehicles have to offer.

Tip #4 – Do Your Research Before Shopping

Another smart strategy for getting the best deal on your next used car is to conduct your research prior to arriving at the dealership. Perhaps you’ve settled on a particular class of vehicle like a sedan, SUV, or pickup truck. Now’s a great time to explore the most popular models in the segment to get a better idea of what each has to offer. Related to Tip #1, keeping an open mind is a great way to remain flexible and get the best deal possible. Conducting your research before arriving at the dealership helps you get the information you need before you fall in love with a single used vehicle on the lot. Best of all, you can research used cars online at any time from the comfort of your home, office, or virtually anywhere.

Tip #5 – Shop With Your Head, Not Your Heart

Don’t let emotion force you to pay more for a used car than you absolutely need to! It’s important to stay open-minded and keep your options open once you get to the buying stage. If you find yourself fixated on one particular model, color, or option – you’ll lose your leverage and flexibility when negotiating the deal. Is the price not right for a particular car? Consider an alternative model. Is your favorite color priced thousands of dollars more than another color? Pivot to the cheaper color and pocket the difference. Although car buying is often an emotional process, shopping with your head and not your heart can go a long way toward getting a great deal on your next used car.