Sources for Used Cars

Franchised Dealers

  • Good source for customers willing to pay top dollar
  • Saves late model trade-ins for resale
  • Less desirable vehicles are auctioned or sent to wholesalers
  • Have repair facilities and often provide warranties

Used Car Dealers

  • good source for older, higher mileage used cars
  • most used car dealers sell their cars "as is," some are willing to provide limited warranties.
  • The dealer may be less likely to sell a "problem" vehicle if he is directly obligated under a warranty

Banks and other lending institutions

  • Sell repossessed vehicles

Private Owners

  • No dealer mark-up
  • Ask for service records, references and records of original purchase
  • Purchases from individuals are basically exempt from consumer laws, so caveat emptor.