If you are in the market for a used car, then chances are good that you are not only looking for a car that you can afford, but you are also looking for a used car that will last for years to come and be safe to drive. The good news is that you don’t have to spend and arm and a leg for a safe and reliable used car. Here are some tips to help you get financing for your used car, no matter what your current financial situation is:

Speak with a Dealer

One of the first things that you can do if you are looking to buy a used car is to chat with a dealer about your financial situation. When you speak with a dealer about your situation, the dealer can look over your credit report and credit history in order to determine a budget for you. The dealer can then recommend used cars that actually suit your budget and that you can easily afford.

Ask for Dealer Financing

Once the dealer looks over your budget, as the dealer if he or she can provide the used car financing for you. Most dealerships, like ours, offer competitive loans for used cars that can not only suit your budget, but that can make it possible for you to actually afford your used car payments for years to come.

Think About Trading Your Car In

If you currently drive a car that you will expire once you get your next used car, then find a dealership that has a used car trade-in program. A used car trade-in program will help you to get some money off of the cost of your car. When you are able to get money off of the cost of your car, you will have an easier time paying for it!

Look for Specials

Many dealerships, like ours, look for opportunities to reduce the prices of our used cars and offer ongoing specials in order to make it possible for our customers to practically afford their used cars. Ask us about our current specials, which may include 0% down payment, low interest rates, or even dramatic price reductions.

No matter what your financial situation is, it is possible for you to afford to buy a used car when you have the financial help and information that you need to get start. Contact us today at www.gordscott.ca  to learn more about financial options that may help you!

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If you have ever purchased a used car before, then you probably know that all used cars have a Blue Book value. The Blue Book value specifically refers to Kelley Black Book® in most cases, which is a n objective resource for information about cars and their values. A Black Book value is, basically, the estimated value of a vehicle.

Here’s some more information you need to know about understanding and finding Black Book values:

Based on a National Scale

Black Book values are the same for all regions across the country. Therefore, the Black Book value for a car in Ontario would be the same as the Black Book value for a car in Toronto. However, the average sale price for a used car may vary from region to region based on the regional or local economy.

Collects Data on All Cars

When you look for a Black Book value, you can be sure that all modern cars are listed in the Black Book. The Black Book breaks cars down by manufacturer, make, model, type, and year. There are tens of thousands of Black Book entries.

Gauges Value by Condition

Black Book values may vary based on the condition of a vehicle. Therefore, the Black Book value for the same year, make, and model of a car may be different for a car in good condition versus a car in excellent condition. In order to determine the condition of the  used car, it is important to have the vehicle inspected by a mechanic. Some characteristics may also be visible to an untrained eye. For example, rust on a vehicle may make the car have a “poor” rating for condition.

Blue Book Value is Generally the Starting Sale Price

Most dealers will start the sale price of a used car at the Black Book value. However, many dealers also offer vehicles for less than the Black Book value as an incentive to purchase the car. One of the best ways to ensure that you are getting a good deal on a used car is to compare the price of the car against the Black Book value. Often, you’ll be able to get the Black Book price of a car from a private seller, but a lower price from a dealer for the same car.

For more information about used car values and how they might affect you, speak with one of our qualified sales people at Gord Scott Today

Filed under: Used Cars | 4 Comments »