What I s normal leverage when buying used car

Asked by Bagman4091 Aug 13, 2014 at 09:16 AM about the 2007 Lincoln MKX AWD

Question type: Shopping & Pricing

1 Answer

"Leverage' in buying a car is who has the advantage in the deal. If you have full-price cash, you have great positive leverage and will get a better deal. if you say, have poor credit and little down, the dealer has the leverage. You are at his/her mercy. Normal leverage would be somewhere in between, you have good credit but little down payment money. In a private party deal. the term is not used so much, the seller is going to want cash and the way to get leverage there is to show some green. Just be careful and don't pull a wad of money out of your pocket. Just let them know you are ready to deal and have the cash. That will get you some leverage

Your Answer:

CarGurus Experts

  • #1
    Domenic Poiche
    Reputation
    1,430
  • #2
    mkxawd
    Reputation
    1,130
  • #3
    ElRojo1
    Reputation
    790
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Lincoln MKZ
3 Great Deals out of 53 listings starting at $5,950
Used Ford Edge
81 Great Deals out of 2,076 listings starting at $2,950
Used Lincoln Navigator
6 Great Deals out of 169 listings starting at $9,869
Used Ford Explorer
78 Great Deals out of 2,100 listings starting at $3,995
Used Ford Escape
136 Great Deals out of 4,951 listings starting at $2,795
Used Cadillac SRX
84 listings starting at $6,495
Used Ford F-150
320 Great Deals out of 13,991 listings starting at $1,712

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.