Used Cars Bargaining Tips
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Bargains in Used Cars
Used cars aren't such a hot deal right now -- that's because supply is low -- but you can still find bargains. And Kiplinger gives you some tips on locating the car you want and negotiating the price you want to pay.
"If you're in the market for a used car this year, you'll have to work a little harder to drive home a deal. It's the economy: As car buyers headed to the used side of the dealer's lot to save money, the supply tightened and prices rose. And as new-car sales suffered, the number of trade-ins dwindled, making the pickings even slimmer. In fact, last year produced roughly three million fewer trade-ins than in pre-recession years. "It might seem counterintuitive that prices are so high when the economy is bad," says Mark Scott, of AutoTrader.com. "But a lot of new-car buyers became used-car buyers because of the economy, and those who had been used-car buyers all along stayed in the market." Transaction prices are up 7% from 2009, reports Edmunds.com..."
