Negotiations to maximize savings
- Ensure comprehensive car inspection and testing
Comprehensively inspect and test the car you intend to buy. This means checking the exterior, interior, hood, trunk, and undercarriage. Check the exterior for scratches, dents, scrapes, damage, rust, and corrosion. Also, look for fading paint, mismatched paint color, misaligned body panels, etc. Similarly, thoroughly check the car cabin, hood, trunk, and undercarriage for signs of damage, wear and tear, rust, and corrosion. Any issues you detect with the car during the inspection can be used to negotiate a better price for the car.
- Do some research
Before you begin negotiating for the price of your used car ensure you research and find out the prices for similar cars in the used car market. The more you learn about the car you intend to buy the better leverage you’ll have to negotiate with the seller. Do a comparative study of various models and makes with features similar to the one you plan to buy.
- Determine your budget and payment mode
Decide how much you are willing to pay for a used car and how you will pay for it. Your options include paying by cash, taking out a loan, trading in your current vehicle, etc. Determine whether you can make the payment in a lump sum or through monthly installments.
- Negotiate vehicle price
This is the main part of the used car purchasing process requiring negotiation skills. Price negotiation is possible at dealerships as well as with private sellers. Some salespersons may initially hesitate to negotiate the price but tend to bend with a bit of pressure. Use the information you gather during the vehicle inspection and test strike as leverage to get the car at a better price. Certain sellers may outright refuse to negotiate. They may state the price is fixed and cannot be negotiated. However, there’s no harm in trying and with a little bit of skill you may be able to bring down the price of your pre-owned car, particularly if you can point out issues with the vehicle.
- Negotiate terms of loan
If you intend to finance your used cars purchase, you can also negotiate the terms and conditions of the loan as well as the interest rate with the finance provider. More often than not, they do not offer their lowest rates initially. It would be preferable to obtain multiple quotes from various lenders and choose the lowest rates and the best terms for your vehicle.
These are a few ways you can negotiate to ensure you get a reasonable price on your used car. You can also negotiate and get better terms on the loan to finance your purchase. This ensures you maximize savings when investing in a second-hand cars Abu Dhabi or other emirates.
AUTO LEVEL — AN AFFORDABLE SECOND-HAND CAR DEALERSHIP IN THE UAE
We are Auto Level, UAE’s luxury used car dealership. You can find GCC and non-GCC cars in our extensive inventory of second hands cars in Dubai, Abu Dhabi & Sharjah. You do not have to worry about negotiations with us since all our vehicles are reasonably priced. You will receive a quote for the vehicle you are interested in and will be charged the quoted amount if you decide to buy it. We do not add on extra charges or fees to inflate the quoted price. Maximize savings on your second-hand car purchase with us! Call 80053835 to schedule a test drive today!