Finding a Safe and Affordable Used Car Is a Goal of Many Buyers

Looking at used cars can be both exhausting and frustrating. If you take the time to do some research first and make use of your best available resources, however, you have a better chance of being to satisfied in both the purchase and the process. Knowing, for instance, the typical price that you should pay for a specific make and model with a specific amount of miles can help you more accurately determine what you should be willing to offer or accept.

We are a society that is on the go and it should come as no surprise that there are many multi car families in America. The only way that most families can afford all of these cars, however, is to carefully consider and make purchases of used cars. With both safety and price in mind, it is essential that buyers do their own research before they begin the buying process. From lease deals on new cars to cash purchases of used cars, there are a variety of prices that many people pay for the vehicles that they drive.

Consider some of these facts and figures about the new and used car industry and the impact that it has on the nation’s economy:

  • The average transaction price for a new Chevrolet vehicle in December 2017 was $34,000.
  • By the year 2021, more than 20 million vehicles on the road will be over 25 years old, according to IHS Markit research.
  • In its lifetime, the average vehicle will have had three owners.
  • Nearly 40 million used cars exchange hands each year, between private-party and dealership sales.
  • The vast majority of all car dealerships offer the convenience of on-site financing.
  • Most dealerships, in fact, work with at least five to 10 different banks or loan providers in an effort to offer competitive rates to their customers.

If you do not want to be both exhausted and frustrated when begin your used car search it is important that you not only do your own research, but also that you work with a reputable car dealer who will stand behind the vehicles that they sell.

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