What should your used car cost?

Car prices can be very deceptive, especially when buying a used car. Make sure you know the value of a car before purchasing!

The most obvious thing you need to know about the cost of the used car is its retail price, always ensure that you know how much a brand new version of that car costs before purchasing and looking at the used car prices. You want to ensure that you are saving enough to make it worth buying it used.

As consumer reports stated “If you are buying it from a private seller, you can usually expect to pay a somewhat lower price. Retail is also considerably higher than the price you’ll receive for your trade-in because it includes a profit margin for the dealership.” (Consumerreports.org)

Also if you want to find the average price of a used car you can check websites such as Usedcars.com and AutoTrader.com. This doesn’t necessarily mean that you’re buying the car online; these fantastic websites can be used as a margin for what you should be paying for the vehicle you’re buying.

How much did you spend on your first car? Or how much are you willing to spend?