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8 Steps for Buying a Used Car D esigned By: Eileen Garcia & Yampier Valdes

8 Steps for Buying a Used Car D esigned By: Eileen Garcia & Yampier Valdes Use the passive tense to emphasize the action which has been completed, and not necessarily who or what has done the action. Step 1: Getting Started

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8 Steps for Buying a Used Car D esigned By: Eileen Garcia & Yampier Valdes

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  1. 8 Steps for Buying a Used CarDesigned By:Eileen Garcia & Yampier Valdes Use the passive tense to emphasize the action which has been completed, and not necessarily who or what has done the action.

  2. Step 1: Getting Started • If you've decided to buy a used car, you've already made a smart decision. A car that's almost as good as brand-new can be easily bought. • Used cars, even those that are only one year old, are 20 to 30 percent cheaper than new cars. But there are other good reasons to buy a used car:

  3. Advantages of a used car • A car that is bought used means you can afford a model with more luxury and performance. • Also, money will be saved on insurance.

  4. Step 2: Used car bargains • The cost of a used car is based on its condition, mileage, reliability, performance and popularity. • But do you want the same used car everyone else wants? • If so, you will pay a premium for it. In some cases, the only difference is the nameplate.

  5. Step 3:Research your prospective used car One last vital step to getting a great used car deal is that a vehicle history report should be run on any used car that is being considering. Check out this link http://www.edmunds.com/

  6. Step 4: How much can you afford? Two figures will need to be estimated that will guide you as you go shopping:Monthly payment. If you are going to take out a loan, how much money can be afforded each month?Down payment. How much cash can be put down to reduce your monthly payments?

  7. Step 5: Set up financing for your used car • You have three ways to pay for your used car:-Cash. -Financing through a bank, on-line lender or credit union. -Financing through the dealer. • This can work for some people, depending on their credit scores and the current interest rates offered.

  8. Step 6: Used car markets The three most common places where used cars are bought are: • Private parties • New car dealerships • Used car lots

  9. Step 7:Negotiating for a used car These guidelines should be followed when negotiating a used car: • Make an opening offer that is low, but in the ballpark. • Decide ahead of time how high you are willing to pay for this car and leave when your limit's reached • Walk out - this is your strongest negotiating tool.

  10. Step 8:Closing the deal • If you are at a dealership, the finance and insurance process must still be completed. • If you are buying a car from a private party, you have to make sure that payment is made and the title and registration are properly transferred.

  11. Step 8:Closing the deal – cont. • In both cases, insurance is also needed before your car is driven away. • The contract should be reviewed and the car should be inspected thoroughly. • Finally, you take possession of your new vehicle.

  12. Conclusion • Once all of the paperwork is complete, it is finally time to relax and begin enjoying your new purchase: a good used car. THE END THE END THE END

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