Once you have found a car dealer that you trust and with whom you want to do business, you should have him show you his used car section rather than the new cars.
You can save thousands of dollars going this route.
Other great benefits of purchasing used are often overlooked when contemplating a car purchase.
After you purchase a new vehicle from a dealer, the value of that vehicle drops instantly and significantly the second you drive it off the lot.
However, the price you pay for a used vehicle is the usually the same as its value on or off the parking lot.
Orange County used car dealerships and many others across the country sell their practically new cars for thousands of dollars less than the new model of the same vehicle.
Let's say a person just purchased a car ten minutes ago.
When they got home, they decided they actually wanted a completely different car so want to sell the car they just purchased.
The price they would be able to get for their newly purchased car will be significantly less than the same car sitting on a lot simply because he drove it off that lot.
It will cost you a lot of money to register a brand new car at the DMV.
Also, each year, it will cost hundreds of dollars to pay the vehicle personal property taxes.
Buying a used car that is only a few years older will save you much of that money at the DMV.
There are many stipulations when purchasing a vehicle because you need a legal contracted loan from a bank.
These loans not only have slightly high interest rates, which add to the already expensive price of the car, but you have to maintain a comprehensive car insurance policy for the duration of the loan.
That way the bank is covered in case your car is stolen or totaled before you pay off the loan.
When you purchase a slightly used car for much less than the new cars, you don't need to contract into a large loan with a bank and you will only need to get the state minimum required insurance.
Buying a used car will save you hundreds of dollars a month.