11 thoughts on “Tips for Buying a Used Car | Edmunds.com

  1. FACT = Used cars do NOT always have "very inflated" prices like this guy suggests…. Nor are all the people selling them are "pros" like this guy suggests…. as if he is hinting that by pro he means to give you the impression they have skills to scam you… What a Dope this guy in the video is to suggest such a thing. 

    A real pro car salesman knows a lot about all the features, fuel economy, performance, resale value, etc etc etc of A $hit tonne of cars made over the last 10 years or more…. they drive more cars in a week than you do in a lifetime.. believe it… just keep that in mind when you decide to NOT take their advice. 

    Besides that car salesman are just people… the vast majority of them just want to make you happy, help you out, answer your questions and help you into the right car… some are bad maybe… no more than saying some priests out there fondle kids or a certain amount of doctors and/or lawyers are wife beaters… or business owners are drug addicted half dealers, etc etc etc etc etc to infinity…  THis guy in the video is dumb for suggesting what he suggests without framing it in context.  Mental midget his dad likely got him the job… anyway…

    FACT = At any given time there can be a significant portion of a used cars dealers inventory that has depreciated down to, or below, the original cost they paid.

    This guy will never tell you that so I have to.

    However with that said sometimes used cars CAN have up to or exceeding $5000 in profit if you pay the advertised price…. BUT…. it is rare… especially when compared to the average which in my experience is likely closer to $2000 – $2500 from top to bottom.

    Remember how a dealer comes across these cars…

    1) From auctions = they don't give the cars away at auctions.  Auctions make money too don't kid yourself… if you think dealers get rich by going to the auction half baked and pay next to nothing for cars then drive home and sell em like Jordan slam dunks basketballs then you got it all wrong…. plus, on average, the vehicles at auctions are not A1 quality.

    2) From customer trade ins = This is a double edge sword.  What I mean is that often times these cars are in better than auction quality and customers know it… salesman knows it, wash boy knows it and even the secretary can tell its a nice car… in this case the dealer ain't buying this car for peanuts… just remember that next time you come across a used car that looks awesome and the dealer says its a one owner vehicle that he can't move that much on…

    ANNNNND sometimes customer trade ins are below auction quality… FUnny thing too is when they are below quality it seems like the owner always thinks their $hit don't stink.  FACT = the last person who can put a value on ANY object in the world is the owner… remember that.

    Now, sometimes a dealer takes in a trade from a customer and when working the deal the dealer estimates only say… $1000 or reconditioning required and it turns out to be $2500… which cuts waaay into the profit of the car.  If you THEN go into that dealer and try to low ball him and he says no I'll bet a lot of YOU out there think the dealer is trying to rob you or be difficult.  Its not true.  Used cars is a hard business you lose money just as often as you make money sometimes.

    Believe it.

    Would I lie to you?

    No… I just gave you better information that this guy in the video has… your welcome.

  2. If you use a mechanic and he gives the car a "clean bill of health", don't go crying to the selling when you find out about a busted motor mount or a blown head gasket.

  3. Not a lot of stunning insight there…was hoping for a lot more from one of the premier used car information sites. How about what kind of scams people pull, how to negotiate, how to spot damage, any sort of content other than the basic 'use the internet and maybe a mechanic'?

  4. Even if you're going to have the car inspected by a mechanic, there are a great number of ways you can visually inspect the car for problems. Checking underneath the car for drips can indicate leaks, checking the quality of the paint is important, and checking the entire car for rust are three of the biggest things to look over. Also, when you go to the car for the first time on inspection, it's cold. If it's been running for some time, the owner may be trying to hide cold start issues.

  5. Used cars are marked up by $4000-$5000. Keep that in mind they claim they don't make alot of money off used cars but they do!

  6. Use Cars.com and Craigslist to find cars, check car values with kbb.com, and use Carfax for checking VIN and car history.

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