When buying cars, a recent study showed that 84% of its participating consumers wanted to do so in person. This isn’t surprising, as 43% of the participants view this as an opportunity to learn something new. Whether someone is buying a new or used car or truck, a local dealer can provide them with information on specific features and other important details.
Popular Car Features and New Technologies
In 2015, Generation Y customers purchased 27.7% of the new available vehicles. They also indicated that they were willing to spend around $3,703 for various technologies.
Blind spot detection and prevention features were cited as the most popular technologies for 40% of drivers, according to J.D. Power’s “2015 U.S. Tech Choice Study.” The second most popular new technology was night vision. This was preferred by 33% of the study’s participants.
Forward-collision braking systems and adaptive headlights are also popular car safety features. Even the basic forward-collision braking systems are able to stop a car going at 20 miles per hour fast enough to avoid being in a collision.
Adaptive headlights have also made a difference in avoiding collisions. Property damage liability claims have been reduced up to 10%, according to research conducted by Highway Loss Data Institute.
Buying a Used Car
The price of an average used-car has gone down. The National Automobile Dealers Association reported that in 2014, the price was $16,025, and in 2016, it was just under $15,000.
When someone wants to take out a car loan, their lender will usually require 10% to 20% down. Most lenders will also have restrictions as to the car’s age as well.
It’s important to note that many car dealers are backed by manufacturers. In this case, the dealership will be able to offer a “certified” used-car program for its newer used cars. Since these vehicles tend to be 3 years old or less, this can be an excellent option for someone interested in buying a used car.
Leasing a Used Car
Many people prefer to lease, rather than purchase, a car. In some instances, it may be necessary to make an up-front down payment when leasing a vehicle. This can range from $0 to several thousand dollars, and is usually negotiable.
There is also a limit on how many miles someone can drive when they lease a car. While these restrictions will be stipulated in the contract, they tend to be for 9,000, 12,000, or 15,000 miles over the course of a year.
Learn More at a Local Dealership
When buying a used car, there’s quite a bit that can be learned by visiting a local dealership. Safety features and other points of interest can be discussed at length when visiting a local dealership.