There are those who drive very nice cars and seem to change frequently, which you might think is a costly habit, yet if you know your cars, and more importantly, you are up on trade prices, you can pick us some real bargains. Motoring can be very expensive, especially if you buy new and trade it in every 2 or 3 years, as a significant portion the value has already disappeared. New cars are a different game altogether, but assuming you are going down the second hand road, here are some helpful hints to ensure you don’t pay more than you should.
Assuming you are in the market to buy a second hand BMW, you could look for a private sale which does have its risks. Sold as seen is typically the order of the day with a private vehicle transaction, and unless you really know your stuff, it is better to seek out a BMW dealer that sells used models. The advantages are many, including the warranty you will get, which basically tells you the car is in good condition and there are no issues. Any used car on the dealer’s forecourt would have to pass the rigid quality control, as reputation is everything for a car dealer, and the warranty reflects this.
Trade In Cars
Any used car would be the result of a trade in, where a person uses their vehicle as a part payment for a new one. The dealer would offer an attractive price and the car would then be inspected and brought up to standard, then offered for sale, and often the price can be negotiated to such a degree, it makes it an attractive proposition.
The Car Sales Industry
Some dealers do not sell used cars, and if they took a second hand vehicle in part exchange, the car would be sold to a used car dealer, who would make the necessary repairs and checks before offering the vehicle up for sale. Dealers that sell new and second hand cars are typically focused on the new sector and really wish to move the used vehicles quickly, which means they are open to negotiation. If you secure a fair price and the vehicle has a solid warranty, then you have made a wise purchase, and after a year or so, you could approach them again and look for an upgrade, trading the car back to the dealer. This can result in always having a reliable car and providing you have looked after the car, the dealer would give you a favourable price for a trade in purchase. This way, you could get a different second hand car every year or so and not lose too much on depreciation, which results in cost effective motoring.
One thing you should do it to research the market price for the particular car you are looking for, and once you know this figure, you can identify a bargain. Online dealers allow you to browse used cars at your leisure, and if you see something that grabs your interest, you can go and test drive the car.