Get started today with your used car search. Learn how to find a great deal on the car you want, and where to go when looking for a quality used vehicle.
Shopping for a used car can seem like a daunting task. You’re trying to balance finding the best deal with not ending up with a lemon, all while narrowing down the search area to something manageable.
That's why it pays off to know where you should start looking and what questions you need answered about your pre-owned vehicle before signing on the dotted line. To save time and energy when shopping for used cars near you, understanding how to navigate local dealerships (including independent ones), auctions, and private sellers is key.
Benefits of Buying Used
The initial cost of buying a used car is usually lower than the price of a new car, and you won’t suffer from the same sharp depreciation that affects new cars as soon as they are driven off the lot. A used car also may qualify for special financing rates or other offers, making it easier to get an affordable payment plan.
Best Resources for Shopping Used Cars
The internet has made shopping for a great deal on used cars easier. Websites like Autotrader and CarMax offer ample options in searching by make, model, or location with helpful information about each vehicle. You can compare prices across different models and contact dealerships directly if you find something you like.
Types of Interest Rates for Financing Used Cars
When financing a used car purchase, the interest rate you pay depends on your credit score, so it's important to know where you stand before you shop around. Rates can range from as low as 3% for customers with excellent credit scores all the way up to 20% or more for those with lower scores.
Best Nationwide Used Car Dealers
If you’re looking for national used car dealerships that offer great deals and high-quality vehicles, look no further than Carmax, Carvana, and Enterprise Car Sales.
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Carmax: With over 200 locations across the U.S., Carmax is one of the leading used car dealerships. Their selection includes a wide variety of models, both foreign and domestic, with prices ranging from budget friendly to luxury.
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Carvana: Carvana offers an online shopping experience that allows customers to shop for their perfect car without ever leaving their home. With instantly approved financing, free vehicle history reports, and 7-day return policies, it’s easy to find the perfect used car.
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Enterprise Car Sales: Enterprise Car Sales has more than 70 locations nationwide and offers competitively priced vehicles backed by their Used Vehicle Certification program—including 12 months/12k miles limited powertrain warranty and roadside assistance plans.
How to Pay $0 Down When Getting a Used Car
Getting approved for financing at 0% down is possible, but it often depends on your credit score. For example, if you have excellent credit and can demonstrate income stability, then lenders may be willing to provide loan terms with no money down. It’s important to note that not all lenders offer these options—so make sure you shop around for the best rates available before signing any paperwork.
Additionally, some car dealerships may also offer promotions where customers don’t need to put any money down when buying a used car. Such deals are usually targeted toward those with limited resources or bad credit scores who need help getting into a reliable vehicle quickly. Keep an eye out for promotional offers from your dealership of choice as they come up throughout the year. It could be just what you need to help get your dream car without having to put any money down.
Ultimately, buying a used car can be a great way to save money and get into a reliable vehicle. By understanding the benefits, researching different resources, and shopping around for financing options, you’ll be able to find the perfect car at an affordable price.
