Should You Pay Cash for a Used Car?
You’ve done your research on the type of car you want and you are ready to approach the dealer. The question is, will you get a better deal if you pay all cash for a pre-owned car?
A buyer paying all cash may appeal to a seller, but cash may not always be king when it comes to buying a used car. Paying all cash for a car would save you money on interest charges and could save you time in a dealership, but it may not always guarantee that you’ll get a better deal.
From a dealer’s perspective, it may not matter how a customer pays for a car, whether it be with cash or financing, because dealerships typically get their money quickly. Depending on the dealership, when you pay cash, you may be able to negotiate a better price, particularly on a used car.
Dealerships also offer extra rebates and low or no interest financing if you finance with them. When confronted with these offers, you have to take the cost of the car into consideration.
With that said, the question you may want to ask instead is would you be better off paying cash rather than financing? Here are some things to think about:
1. Remember once you drive a car off the dealership, it starts to depreciate and, thus, you already lose with financing.
2. Financing usually entices buyers to purchase a more expensive car. If you pay cash, you are limited to the amount of money you will spend and are likely to stick with it.
3. Most of all, when paying cash for a car, it is freeing and empowering to walk out owning the car with keys in hand, and not having to worry about more debt and a car payment depleting your monthly income!
Carousel Pre-Owned serving Iowa City, Cedar Rapids, Davenport, North Liberty, Marion, and Coralville, IA is proud to be an automotive leader in our community. Since opening our doors, Carousel Pre-Owned has maintained a solid commitment to you, our customers. We do our best to ensure your complete satisfaction every time you step into our car dealership. This is why we offer the widest selection of used and pre-owned Cars, Trucks, and SUVs and provide true ease of purchase in Iowa.
Date: April 20 , 2018 | Category: Car Shopping
So, you’re ready to say good-bye to your car. Maybe you want to replace it because it’s giving you more trouble than you want to deal with; or, maybe just want a change - something new or newer.
Of course, you’d like to get the most money out of your car. At Carousel Pre-Owned, we want to help our customers be informed, so here are a few things you can do to prepare your car so you get the most for trade-in.
Date: April 13 , 2018 | Category: Car Shopping
At Carousel Preowned, we are proud to be a used car and automotive leader in our community. Our customers are very important to us and our customer care goes beyond purchasing a vehicle; we want you to be safe. We encourage everyone to carry a Survival Kit in their car. In an emergency, it could save your life and the lives of your passengers. Read more to learn what you need in your Survival Kit.
Date: Mar. 29 , 2018 | Category: Car Shopping
It’s a rare person who enjoys the car buying process. More often than not, we find ourselves wondering what questions we should ask when we’re at the dealership. And when we do purchase a new car, we wonder “Did I get a good deal?”
Getting a good deal is more than just price. At Carousel Preowned, we want to help our customers be informed; help them know what questions to ask. So, we’ve compiled a list of 15 car buying questions you should ask. Some of these questions may not be applicable to your situation and there may even be more that we forgot, but it’s a start and we hope it’s helpful.
Date: Mar. 22 , 2018 | Category: Car Shopping
You’re considering purchasing a new or used car, but when it comes to the cost and your budget – what should you know about? For starters, used cars are the most affordable. The average new car can range anywhere from $20,000 to $55,000 according to Kelly Blue Book. While the average used car can range anywhere from a few thousand to the average $13,000.
Beyond the sticker price, it’s smart to get ahead of expenses like maintenance, repairs, parking, gas and more. To get a handle on your budget, determine ceilings for down payment costs, monthly payments, insurance in addition to miscellaneous expenses like parking and gas. Here’s what you need to remember when budgeting for your used car.
Date: Mar. 15 , 2018 | Category: Car Shopping
If you’re shopping for a used car, you’ll want to understand what types of used cars there are and what to look for before setting out on your search. Here’s a look at the types of used cars and what to consider.
Date: Mar. 6 , 2018 | Category: Car Shopping
You’re ready to sell your car. You have a few options, some easier than others. You can sell it on your own, privately. This will often get you the most money, however it requires a great deal of time and effort. You can use sites like Cars.com or AutoTrader, which also require time and effort. Or, you can sell your car to a dealership. Here’s what you need to know if you’re selling your car to a dealership.
Date: Feb.22 , 2018 | Category: Car Shopping
There are many reasons why buying a used car rather than a new car is a wise choice. But there are also factors that should be taken into consideration before purchasing a used car. Good mileage is one them. But how much mileage is good for a used car? Here’s what to know before purchasing a used car.
Date: Feb.1 , 2018 | Category: Car Shopping
If you're buying a used car for your teenager, here are a few things to keep in mind before you go to the dealership.
Date: Jan. 18, 2018 | Category: Car Shopping
Buying a car can be a big decision. Making the most of a test drive is a simple matter of common sense, careful observation, and knowing what to look for. Read on for how to prepare yourself for this all-important experience and what to keep track of when taking a car out for the first time.
Date: Jan. 18, 2018 | Category: Car Shopping
You’ve decided to purchase a new car – fantastic! We invite you to look at our online selection of used cars and certified pre-owned vehicles. We are confident that your dream car is here on our parking lot. As you’re looking for your vehicle, we’ve compiled a helpful checklist for you to reference to help ensure a fantastic customer experience.
Date: Jan. 11, 2018 | Category: Car Shopping
Used cars are a great option for all kinds of drivers. They offer benefits like having more options and lower prices, making them an excellent and affordable choice. If you’re considering buying a used car, read on to find out more about how Carousel Preowned can help.
Date: Dec. 29, 2017 | Category: Car Shopping
When you decide to purchase a car, truck or SUV from a Carousel 2, you’ve made a good decision. Shopping at Carousel 2 ensures that you’ll obtain a high-quality automobile that has already met our high standards. Read about a few benefits you can experience when you shop with us in Iowa.
Date: Dec. 19, 2017 | Category: Car Shopping
Buying your first car can seem a little daunting. There are many makes and models to choose from with a variety of features. It can be difficult to sort through the options and find the best car for you. Consider these ten tips before you buy a car.
Date: Nov. 13, 2017 | Category: Car Shopping
If you are looking to buy a car for yourself or a family member, consider purchasing a used car instead of a new car. Carousel Preowned is a trusted used car dealer, and we believe that our high-quality used cars will fulfill your transportation needs.
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