One of the most popular trends in the United States involves consumers purchasing a used vehicle as opposed to a new car or new vehicle. While the reasoning behind this has yet to be determined, there is more than enough data backing the idea that people want to get behind the wheel of a used car or used vehicle.
Every single year nearly 40 million used cars will exchange hands by way of multiple sales routes. This includes both dealership sales which involve an automotive center and private-party transactions which involve one consumer selling a used vehicle to another consumer. Just this stat alone proves that the popularity of buying a used car is skyrocketing across the United States.
In 2016, certified pre-owned sales reached a record 2.6 million units. These types of record-breaking moments can help people identify why this trend of buying a used vehicle is taking over the country. According to IHS Markit research, more than 20 million vehicles on the road in 2021 will be over 25 years old.
Finding the right used vehicle for your driving needs is not easy because everyone has their own preferences. So here are some tips and tricks for finding a great used car for your driving requirements:
Decide What Kind Of Used Vehicle You Want
While this probably sounds like a silly piece of advice, you absolutely need to determine what kind of vehicle you want. Do you want a used truck or a used car? This is a question that will help you narrow down your options and allows for a quick and easy purchasing process.
In 2016 light trucks sales increased more than 7%. In fact, 60.6% of vehicle sales in the U.S. were light trucks, while cars made up 39.4% of sales. This means that more people are buying light trucks, which are basically smaller sized trucks, than ever before. If you want a truck then it is a great time to be looking for a used vehicle!
Once you determine what kind of vehicle you want, decide the brand and model you have in mind. This is a little more difficult because a dealership may not have the specific model you want in their section of used vehicles. However, if you have an idea of the car you want, it does help you determine the size and features you are looking for!
As of 2017, The Ford F-series has been America’s best-selling truck for 40 consecutive years since its launch in 1977. ONe of the most popular F-Series trucks is the impressive Ford F-250. An F-250 can haul at least 7,000 lbs. An F-450 can tow up to 31,200 lbs. The F-250 comes standard with a 6.2-liter V-8 engine that reaches 385 horsepower. When you figure out what kind of used vehicle you want, it will help you free up time to focus on how you plan on paying for the said vehicle.
Decide What Kind Of Payment Process You Want To Use
Before you step foot onto a dealership site, take time to learn as much as you can about financing a vehicle and all of the available options. If you are intimidated by visiting the dealership, then do not worry because you are not alone. Just about 43% of consumers see the dealership as a place to learn.
Anyone that decides to finance their used vehicle is not alone. As a matter of fact, this is a popular method of payment amongst consumers with nearly 43% of all people deciding to finance their vehicle. So make sure you consult with an expert and get some great information on properly paying for your used vehicle!
In Conclusion
The average vehicle will have three owners in its lifetime. So when you get a car, make sure you treat it well so that one day when you sell it to another driver, the legacy can be extended!