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January 13, 2021

Purchasing a car can be rewarding. However, there are essential decisions to consider before you purchase a new or used vehicle.

While the price is a critical factor, it is not the only one to keep in mind when buying used and new cars. You have to determine what fits your needs. Many different car models can support your specific needs. Read on to learn about a few top tricks for obtaining the best deal on used and new cars.

What You Should Know To Get the Best Car Deals

When you purchase a car, it is essential to do some research to help you figure out what you want. Learning how to approach a dealership can help you to save time and money.

Keep in mind that purchasing a car signifies a lifetime of expenses. You need to deal with the cost of repairs and maintenance. Here are some things to consider:

1. Shop Around

It is a good practice to canvass prices from various dealers before you purchase a car. With today’s rise in e-commerce, checking prices, car specifications, and financing options online is easy. You can browse, send inquiries, or give the dealer a quick call and ask for more information about the vehicle you plan to purchase.

Contacting car dealers is also a handy trick to assess customer service quality and responsiveness. Dealers likely dish out the best packages to clients who visited competitors.

2. Be Open to Options

Purchase a car with a goal in mind. Answer the ultimate question: what do you need it for? When you understand your purpose, you are less likely to fall into sales talks and are more likely to be flexible with other options.

If you require an everyday car for your family of five, keep a list of factors for a family car that are non-negotiable. For instance, you may prioritize spacious seats, fuel efficiency, engine performance, and/or maintenance requirements.

You can search the internet and canvas for car models that fit what you need.

3. Consider Used Cars

If you are thinking of purchasing a car, consider the following reasons why used cars are also a good option:

  • Used cars are a wise alternative when you have a limited budget. Purchasing a car within your budget is essential. There are regular maintenance, repairs, and unexpected costs that accompany any car. Do not purchase a vehicle that is beyond your financial means.
  • Used cars can have lower insurance premiums. Car insurance looks into the age of the vehicle and its fair market value. When the insurance premiums are computed, the amount you will pay is can be lower with an older car.
  • Used cars usually have a lower depreciation cost The depreciation value of a new vehicle averages [if correct] 20% to 30% of its market value after purchase. When you purchase a used car, you will likely have a lower cost-to-resale ratio.

Once you consider these factors, you should have an idea of what the best fit may be for you. Is a new car worth the higher price?

Things To Look Out For When Buying Used Cars

When buying a used car, some factors to consider:

  • The vehicle’s history. The history of the vehicle will give you an idea of how the previous owner took care of its car. Looking at its history will give a clear view about title problems, ownership history, and previous accidents.
  • The car’s performance. Check the condition of the engine before you purchase the vehicle. Remember, the engine is considered the heart of the vehicle. Check for engine fluid and radiator leaks, and if there are signs of corrosion.

The car’s exterior. Consider checking the vehicle’s body, windows, suspension, lights, and tires. Is it better to shop online or in person? It is ideal to check the car in person and bring an independent auto mechanic to help assess the condition of the used car.

Tips For Purchasing Used Cars

Purchasing a used car is the ideal choice if you wish to save money; there are high-quality pre-owned vehicles that you can buy at a good price. You can search online for a list of reliable dealers that sells used cars.

Keep in mind that used vehicles are sold as-is. Negotiate.

Learning the art of negotiation can be helpful when trying to get a fair market price for the car that you want. Determine the vehicle’s true market value with the help of free online sources to assist with car valuation.

A car’s selling price includes profit margins imposed by the dealership. Knowing how to negotiate is important when trying to get the right price for a used car, and it can also be a fun process when you know what you’re doing. Click here for a list of things to consider when negotiating with a car dealer.

1. Close the Deal in Person

You can window shop online, but when closing sales, consider doing it in person. For busy professionals, browsing the web instead of visiting the physical store is a cost-effective way to shortlist dealers.

You save not only time but money and energy, but you can also enjoy other benefits—extensive comparisons, various car selection, and less pressure on salespersons.

2. Obtain a Pre-Approved Loan

Getting a pre-approved car loan can help you set a realistic budget for your vehicle purchase. It gives you an idea of the amount you should borrow and the interest rate.

How Mariner Finance Can Assist with Your Car Loans

If you are planning to buy a new or used vehicle, one of your biggest challenges will likely be financing. With Mariner Finance, we can offer you personal loans* ranging from $1,000 to $25,000, payable in 12 to 60 months.

Mariner Finance’s  goal is to deliver a high-quality and personalized customer service experience to our clients. We can help turn your financial needs into a reality.

Apply for a personal loan* for your car needs, from the comfort of your home.

Blog posts are for informational purposes only.

†We offer personal loans from $1,000 to $25,000, with loans terms from 12 to 60 months. Minimum and maximum amounts dependent on an applicant’s state of residence and the underwriting of the loan. Loans between $1,500 and $15,000 may be funded online. Loans greater than $15,000 or less than $1,500 are funded through our branch network. Specific interest rates and fees are determined as permitted under applicable state law and depend upon loan amount, term, and the applicant’s ability to meet our credit criteria, including, but not limited to, credit history, income, debt payment obligations, and other factors such as availability of collateral. Not all rates and loan amounts are available in all states. Additional fees may apply to some loan offers; some state required and/or permitted fees may be treated as prepaid finance charges. Any such charges shall be in addition to the loan amount requested and/or approved and shall be fully disclosed to the applicant on his/her loan agreement. Not all applicants will qualify for the lowest rates or larger loan amounts, which may require a first lien on a motor vehicle not more than ten years old titled in the applicant’s name with valid insurance. Our loan by phone and online closing process requires a compatible mobile or computer device on which you can access your email and electronic documents. Not all loan types are eligible for loan by phone or online loan closing.


To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. As a result, under our customer identification program, we must ask for your name, street address, mailing address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.


*The process uses a “soft” credit inquiry to determine whether a loan offer is available, which does not impact your credit score. If you continue with the application process online and accept a loan offer, or are referred to a branch and continue your application there, we will pull your credit report and credit score again using a “hard” credit inquiry. This “hard” credit inquiry may impact your credit score.



California Residents: Loans made or arranged pursuant to a California Financing Law license.

VA Residents – Mariner Finance of Virginia, LLC, Licensed by the Virginia State Corporation Commission, Consumer Finance Company License No. CFI-114.


Mariner Finance, LLC, NMLS No. 166564 (
8211 Town Center Drive, Nottingham, MD 21236. Telephone Number 877-310-2373.

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