Q:

How can you save money when buying a used Cadillac?

A:

Quick Answer

Saving money when buying a used Cadillac, or any used car, involves buying a lower-end or mid-level model, buying from dealer stock and being a well-informed shopper, according to AutoTrader.com. Negotiate when possible and always take the time to research all available options.

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Full Answer

When purchasing a used Cadillac, there are a number of things to take into consideration. Buyers of used cars should take time in order to save money, notes AutoTrader.com.

Compare used Cadillacs with the newer models. Check to see if the features of newer models are the same or similar to those of older models. If so, the buyer may be able to purchase a newer model for less. Buyers can also save money by purchasing a lower-end Cadillac model. Buying a high-end model with extra features can increase the price substantially.

Buy a used car from a dealer to get a better price. Dealers sometimes offer buyer incentives to quickly move cars off the lot, especially when model years are coming to an end. In addition, make sure the auto financing deals offered by banks, credit unions and dealer financing do not cost more money than they are worth. Fees and interest rates can quickly add up.

Cadillac owners often sell their used cars when it is time for them to upgrade to a newer model. Search online owners' groups for cars that come at a great price.

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