We need a used car for around 6,000.-7500?

Question

Daughter is 16, has part time job and goes to school.

Why is it when you go to car dealer they can charge a fortune for a used car..What ever happened to "car worth half when you drive new car off lot.? Yet dealers sell used cars for three fourths ( 3/4)
of original sticker price?????We are fools to pay these prices. In fact I can't afford it..Any honest car sales out there? In Cincinnati area?

Answer 1

Here are a couple of hints:
1. Check Consumer Reports.com for reliable used cars in your price range
2. Consider buying from a private party, not a dealer...dealers are retail operations and will mark prices up
3. Check web sites for cars.com or autotrader.com for a list of cars that fit your requirements.

Feel free to IM me if you'd like more assistance....

Answer 2

You can look on ebay for decent used cars being sold locally. Dealers like anyone are looking to make a profit. Customers demand high trade in and the dealer spends a fortune on parts and labor because service generally doesnt give sales a discount on work. High sticker prices are the end result. What you want to find is a wholesale car, i.e. one that a dealer wouldnt make a profit off of, but still holds value.

I found a 2000 mitsubishi mirage LS coupe 5 speed with the lancer style wing, 60K miles for under $2500.00

Personally, I think you should get a subaru. They're extremly reliable, easy to maintain and fix and safe. All the 1996 and up models are all wheel drive, they handle great in any weather and get decent gas mileage. I have a 1998 legacy that i purchased 2 years ago for less than you're looking to spend. 118k miles now and going strong. Due for a major service, has original timing belt/water pump/factory exhaust, heads have never been off and its a great daily driver.

Answer 3

I have sold cars for about 6 years. However, I sold cars through an internet program. You need to look up the website www.autotrader.com You will be able to pick any vehicle that you want, find out all of the statistics about the vehicle and then negotiate a price before you ever step foot at the dealership. When you go through an internet program such as this, you have more leverage because the internet departments at dealerships work on volume not so much individual sales. Next, you need to purchase an Official yellow copy of N.A.D.A. You can find this book for sale on www.nada.com When you walk up to a dealership with this in your hand you tend to get jerked around alot less. I hope this helps. But, in defense of car dealerships, when you trade in a vehicle, you tend to want the most for your trade in. That trade in price is governed by that little yellow NADA book. When a vehicle is sold, the retail price is also governed by that little yellow book. A bank will not lend more on a used vehicle than the retail value allows. Cut them some slack, you can't have it both ways.

Answer 4

I bought a 1 year old car 2 years ago and its still working fine considering it was a former rental car. I paid half the original price of the car.

Answer 5

There are a couple of reason why dealer ships raise their price.. for one.. 1).Commission.. easy right.. 2). They pay property taxes which of couse they HAVE to pay.. 3). They have to pay their emplyees, although Sales Reps go off commission.. they have mechanics. receptionists..and not to forget the Managers Salary.. see these are just a couple of reasons why prices are higher than usual at a dealer.. ohh and not to forget.. when they sell a vehicle.. they have to get another one to sell... so.. ohh so anyways..i think you should go check out..some web sites. for good used cars in your area!!

Answer 6

If you're inclined to lose cash you'll be able to exchange any tine you desire. You are going to lose plenty of cash buying and selling in that one yr historical KIA. You're most commonly severely the wrong way up handiest being one yr into the mortgage. Your repayments have all long past toward the curiosity. You have not paid some thing at the predominant of the mortgage but.

Answer 7

My advice on this is keep it simple, try your local auto auction. Or anything you think is worthy, leave your credit card as a retainer, and take the car to a local mechanic, and have it looked over thoroughly, then with a good/bad report decided for yourself, this may save time and money. versus the buyer beware approach.