If you’re in the market for a car, you may notice that new vehicles are harder to find than ever. With chip shortages and shipping delays, many dealerships in Chicago have limited inventory, and prices for new cars are soaring, often above the sticker price. This has driven more buyers toward the Chicago used car market, where pre-owned vehicles are a smarter investment since they don’t lose value as quickly as new cars.
Buying used can be a great decision, but it comes with its own considerations. You want to make sure the car still feels reliable and high-quality after you bring it home. With so many buyers competing in Chicago’s used car market right now, it’s easy to feel rushed—but careful research and preparation can help you make a confident choice. From inspecting vehicles to evaluating deals, there are plenty of steps you can take to ensure you get the car that’s right for you. Let us guide you through the process so you can navigate the market with ease.
Top Chicago Used Car Markets to Explore
- Chicago Auto Place (South Loop): Offers a wide range of pre-owned cars, from affordable daily drivers to luxury models.
- Chicago Auto Warehouse: Highly rated used car dealer in Chicago with quality vehicles and personalized service.
- Cars R US Chicago: Popular local dealership with a solid reputation and diverse inventory.
- iCars Chicago: Trusted used car dealer in Skokie offering reliable pre‑owned vehicles.
- Carfect – Chicago – South: Well‑reviewed dealer with extensive used car listings and customer support.
Find Financing That Works for You
Used car financing is something of a caveat. Dealerships offer their own financing, but the rates could be exorbitant. Dealership financing works well for buyers looking to build or improve credit, or for those taking advantage of seasonal promotions. However, third-party sellers—like someone selling a lightly used family car—may offer a better deal if you finance through your own bank or credit union.
Here are some tips to help you secure the best financing:
- Check with your bank: Let your bank know you’re planning to buy a car. They can arrange financing directly, even if the car is from a private seller. Compare rates from multiple banks, as interest rates can vary significantly.
- Explore credit unions: If you’re a member, credit unions often offer lower interest rates than banks. Just make sure the credit union has the proper insurance coverage to protect your purchase.
- Compare dealership deals: Some dealers offer low-APR promotions for buyers with excellent credit. It’s worth asking about current and upcoming deals, even if you plan to finance elsewhere.
- Consider private sellers: Sometimes, buying from an individual rather than a dealer allows more flexibility in financing and negotiation. Your bank or credit union can typically support these transactions safely.
Don’t Forget to Test Drive
Buying a car takes a lot of time. Sometimes, too much time. Sometimes, people don’t take the time to test drive a car because they’re too trusting or they think they’re already familiar with the car. There are things you should note, from the engine to how the car moves.
If you’re buying an out-of-state car, you may think that a test drive is out of the question. You can still go to your local dealership (in Chicago) and see if they have the make, model, and year in stock. This way, you can make sure that you’re familiar with how the car works and the blind spots so you’re comfortable with the vehicle before you buy it.
Bring the Used Car to a Mechanic
Used cars are like a box of chocolates; you never know what you’re going to get. One way to give yourself a little more information is to have a mechanic check it out. This could be done while you are doing the test drive. Ask the seller if you could stop by your local mechanic on the test drive. Just don’t forget to schedule a time with your mechanic to make sure your test drive isn’t stuck in the waiting room the whole time.
A mechanic can tell you things that you may not be able to figure out on your own. Things like how often they maintain the car and anything that may be on its last leg. Even if it’s something small like a cracked hose, this could offer you better negotiating points when it comes time to buy. It’s a small expense that could save you a ton down the line.
Check Every Used Car for Paperwork
The downfall of many great people in history can all lead back to the paperwork. Don’t fall victim to lack of information. Make sure you can see the title and make sure you’re not dealing with a salvaged title, or worse, a missing title. You can find a lot about the car’s history through the title. Also, don’t forget to run the VIN in a history report like Carfax. This can tell you a great deal about the car, which can give you even more negotiating tactics. Most of these services are free; they just cost you time. But it could cost you even more if you don’t.
Not Using an Auto Shipper for Out-Of-State Vehicles
Sometimes, people buy their used cars out of state. This helps them get a good deal and, more importantly, in some cases, avoid sales tax. It’s important to note that most states will only allow you to use the sales tax laws of the state in which you buy the car if you have the car shipped back to your state. Additionally, it may be illegal to drive it back home until you register it with your local DMV. To help protect your new purchase and keep it safe and sound until it arrives in your driveway, it’s best to use an auto shipper if you’re purchasing a car from out of state.
If you need to find an auto shipper for your used car purchase, give Car Transport Chicago a call. They can give you an instant quote that includes insurance. They also offer door-to-door transport, which means they can pick up and drop off at any address in America.