In today’s economy, many individuals who would have once looked down upon buying a used car are now opting for this instead of a new vehicle. In fact, there are a lot of benefits that come with purchase a used Mazda car. Some of these include lower stick prices, lower insurance costs and the power to trace a car’s history. Once you decide you’re going to stick with buying a used Mazda car, check out these five tips for financing the vehicle:
1. Pick Out Three Similar Used Mazda Cars
Before you head into the used car dealership, choose at least three similar Mazda models that you know will be within your budget. This will give you a flexibility that will make you a much stronger negotiator. However, you don’t want to choose any old Mazda used car. You need to pick three models that have great reputations, but aren’t the most sought out ones in their class. If there is less of a demand for the model, this can equal lower selling prices.
2. Purchase Your Used Mazda Car Online
While most people picture walking into a used car dealership when they want to buy a vehicle, this doesn’t always have to be the case. Instead, you can purchase your used Mazda car online. This will give you more choices and models to pick from. Of course there is typically a shipping fee applied here, which will cause you to pay more money, but you may actually end up saving enough on the purchase price to even out the shipping costs.
3. Opt For a Pre-Purchase Inspection
Many people are weary to get a pre-purchase inspection done on the used Mazda car they want to buy because they know it will cost them anywhere from $100 to $200. However, this pre-purchase inspection can actually save them thousands of dollars down the road. If a pre-purchase inspection isn’t feasible, though, there is always the option to buy a certified used Mazda car that has passed a manufacturer’s inspection.
4. Apply For Financing Ahead of Time
If you really want to get the best deal for your used Mazda vehicle, it is important that you apply for financing in advance. This means if you are part of a credit union, turn to them first. They may be able to hook you up with a better interest rate than a bank could. Also, check whether or not the dealer can give you a better offer on the loan. You may find that if you receive a blank check from the credit union and bring it to the dealer, you could get a great deal.
5. Be on the Lookout For Scams
Used Mazda cars tend to be a lot more prone to scams than you would find in new vehicles. That’s why you always need to watch out for scams. There’s all types of things thrown in used cars with the sole purpose of deceiving people. However, a lot of these schemes can be completely avoided. In the past, some of these scams included purchasing a vehicle that doesn’t actually exist to getting a car with a rolled-back odometer. Always be a bit cautious about any dealer that is rushing you into making a purchase. If you’re shopping online, try to look at cars that are only located in your region. For instance, if you live in Singapore, only focus on buying a Mazda in Singapore. This way you can see and test drive the car before you actually buy it to make sure it’s exactly what you’re expecting.