If you’re planning to purchase a used car in Newfoundland, there are several types of sellers you can visit to find a vehicle that fits your needs. Most shoppers frequent a franchised car dealership because although these car lots specialize in new cars, most have a selection of used cars to choose from as well. While the buying process is typically quite easygoing with this method of purchase, a buyer is not likely to find the best price for a used car at one of these dealerships.
Other shoppers seek out used car ‘superstores’ of sorts. These lots are usually packed with a large inventory of used vehicles to choose from. These dealerships are often cheaper than a franchised dealership, but there is still a lot of overhead and paperwork fees that go into the final price of a vehicle. However, a used car superstore tends to have a massive selection in used vehicles when compared with franchised dealerships.
Newfoundland used car shoppers also look around at independent used car lots because these places are usually small, local businesses that offer lower prices on used vehicles. Though many of these companies may have a sound reputation, it’s a good idea to take a look at customer reviews before making a decision.
Additionally, for aspiring car buyers who are on the lower end of the credit spectrum or don’t have a lot of money to invest in a used vehicle, there is a small subgroup of used car dealerships called “buy here, pay here” dealerships. With these establishments, buyers purchase a car, get financing, and make payments all in the same place. While vehicle prices tend to be fair, it’s good to keep an eye out for the interest rates included with financing, as they may be quite high. Generally, these dealerships are not recommended.
Finally, when it comes to buying used cars in Newfoundland, some buyers look to private-party sellers. While these types of car sales tend to provide the most value for one’s money, the risk is also quite a bit higher than a buyer can expect to encounter at a dealership. It’s more of a challenge for buyers to ensure that they’re purchasing a decent vehicle from a private seller, as there is no real way to guarantee a vehicle’s quality. However, through due diligence and careful negotiations, an aspiring buyer might find that he or she is able to get a good deal on a vehicle when they purchase through a private seller.