How to Buy a Used Car


How to Buy a Used Car
By iHeartMedia’s Sally Adams

Used cars aren't cheap any more!  The average used car price is now over $20,000 ...and the average monthly payment is $400. Jerry Reynolds, The Car Pro, says there's only one great time to buy a used car. “When you find just what you want for the price you want to pay.”

He recommends doing some research - Auto Trader is good for pricing purposes - and jumping on the sale. If not -- the car could be gone tomorrow. Reynolds says that’s because car dealers price used cars differently now from what they did years ago.  ”They will start, right out of the gate, and price the car with the price where it will sell. So you’re looking at what may be the bottom line price and it may not change at all. Or it could change in a few weeks when the car doesn’t sell.”

For the best deals- look into sedans, and compact sedans. $20,000 for a used car may seem high, but the average new car price is $37,000.  Speaking of new cars…What is the best time to buy a new car? Reynolds says, “Usually the week in between Christmas and New Years. It’s all about the year-end enticements the car manufacturers give to the dealerships. And, in turn, the incentives the dealers give to their staff. And the staff wants to make good money at the end of the year as well.”

Reynolds says sedans and compact sedans are the best deals going right now - new or used. That’s because the SUV is such a big seller.

Give yourself a gift and listen to Jerry Reynolds on his radio show,

.  You will become a weekly listener!

Not Jerry Reynolds

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