Used Car Sales Are At A Record High Level

When you drive by a new car dealership these days it’s hard to know if they are in fact a new car dealer offering a new car loan, or a used car lot. This reflects the continuation of a year long trend where new car dealers have make a concerted effort to heavily stock up their used car inventories to help offset the steep decline they have experienced in their new car sales.

This has been a bonanza for many car buyers. There’s a broad selection of good, carefully purchased used cars available from reputable dealers in numbers never seen before. The dealers generally offer used car loans, however it’s not always the case. There probably hasn’t been a better time to shop for a pre owned car. Dealers specialize in cars that are less than 5 years old. Many of the cars they have available are only 1 to 3 years old. These can be an excellent buy when compared to the price of the comparable new car.

One piece of helpful advice while availing your used auto loan is to be aware that dealers usually value their own line of car as a used car and price it higher than a competing line. So the Ford dealer often prices used Fords higher the General Motors dealer will price the same car. There’s no difference between the cars but the price.

An excellent way to take advantage of what’s going on it to get your used car finance rates on line. On line loan providers offer the best rates and can finance a wide range of credit. If you have your financing lined up before you start your shopping, you have a tremendous advantage in the car and the price that you are looking for.