Loans & Credit Blog

How to Find a Great Deal on a Used Car

The used car lot is not the only place to find a great deal on a used car. In fact, the deals may be even better if you shop other places. Here are a few ways to find a great deal on a used car.

Auctions

Estate auctions typically sell off everything owned by a person– including their cars. Check listings in local newspapers for estate auctions. You may have to call the auctioneer to find out if a car is part of the lot being sold. But often this is a great way to get a used car for a deep discount and you may not even face much competition.

Newspaper

This may sound pretty obvious, but your local newspaper is still a great place to find a used car. Many people who aren’t using the Internet to sell their cars are still listing them in the want ads. Because it can be very difficult to sell a car yourself, this opens up great opportunities for buyers looking for deals.

Online Auto Malls

Check out online auto malls selling repossessed vehicles. One to review is the Regional Auto Mall where you can find low mileage, late model, clean vehicles that have been repossessed. For added convenience, if you find a car you like you can also apply for financing through Regional Finance.

Craigslist

Along with furniture and household items, Craigslist is also a great place to find cars. Keep in mind that not every listing on the site is a for sale by owner. Businesses also list their inventory on Craigslist, but it can still be a great place to find good deals on used cars.

Friends

Are your friends in the market for a new car? Ask about their plans for their old car. If you know and trust the owner, then you know the car was taken good care of which can mean fewer repairs down the road.

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