This article is a summary of a YouTube video "Don't Buy a Car Until You Watch THIS Video | How to Negotiate a Used Car 2023" by CarEdge

Master the Art of Negotiating on a Used Car - Tips and Strategies

TLDRLearn how to negotiate on a used car with these tips and strategies. Understand the importance of researching comparable vehicles, getting pre-approved for a car loan, and conducting a pre-purchase inspection. Avoid unnecessary fees and extras by focusing on the out-the-door price. Use online tools like Car Edge to determine fair market value and make an informed counteroffer.

Key insights

💡Research comparable vehicles and their market prices to determine a fair offer.

💰Get pre-approved for a car loan to understand your budget and negotiate with confidence.

🔍Conduct a pre-purchase inspection to ensure the car is in good condition.

💸Focus on the out-the-door price, including taxes, fees, and extras, to avoid surprises.

📊Use online tools like Car Edge to determine fair market value and make an informed counteroffer.

Q&A

Why is researching comparable vehicles important?

Researching comparable vehicles helps you determine the fair market value and make an informed offer on the used car you're interested in.

Why should I get pre-approved for a car loan?

Getting pre-approved for a car loan gives you a clear understanding of your budget and allows you to negotiate with confidence.

Why is a pre-purchase inspection necessary?

A pre-purchase inspection ensures that the used car is in good condition and helps you avoid buying a vehicle with hidden issues.

What is the out-the-door price?

The out-the-door price includes the total cost of the car, including taxes, fees, and any additional extras.

How can Car Edge help during negotiations?

Car Edge provides information on fair market value, allowing you to make an informed counteroffer based on the car's actual worth.

Timestamped Summary

00:00Introduction to negotiating on a used car. Importance of research and preparation.

03:00Explaining the concept of out-the-door price and avoiding unnecessary fees.

06:30Highlighting the need for a pre-purchase inspection to ensure the car's condition.

09:20Emphasizing the significance of being pre-approved for a car loan before negotiations.

11:30Using online tools like Car Edge to determine fair market value and make an informed counteroffer.