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.

Get The Best Car Deals Early In The Year

There’s a popular misconception that all the best car buys are at the end of the calendar year. Car dealers don’t discourage this since they welcome customers any time of year. In fact, one of the best times to avail your new car loan and buy a new car is after the start of a new year. It’s not hard to understand why. Most dealers have to pay their annual taxes in the first quarter of a new year. During this same time sales are generally slow with people still concerned over their holiday spending. Additionally in some parts of the country, this is also a period when the weather can be very inclement and not very conducive to financing auto loans and shop for a car. Put all these factors together and it makes sense that dealers are more ready than ever in to see their inventory move off their lots.

Many of the “year end” savings have nothing really to do with the year end. The dealers are just concerned that it’s the last time they can get potential customers in before tax time. Those same savings are available well into the first 3 months of the New Year. In fact, this may one of the best times to get best car loan rates and buy a per owned car. Inventories of used cars are at record highs at almost every dealer. Dealers have much more margin to work with in these cars than they do new cars. With all the incentives on the buyer’s side, a great price is usually available.

Another important point to remember is that if you have your used car loans financing completed before you start shopping you also have another important advantage in getting the very best price possible. The best way to do this no matter whether you have excellent, good or poor credit is by completing your financing application on the internet. You’ll hear back in a very short period of time with the best rate available. With financing and the time of year going for you, it’s hard not to find the right car that works for your needs.