Tips On Buying A Used Car

Whether it’s your first car or your fourth, it’s always good to remember what you’re getting into when buying one used. You’ll want to look into using things like online listings, vehicle history reports, and much more. Here are a few tips on buying a used car.

Set a Budget

It’s is the first big step in buying your car, or really anything big for that matter. You’ll want to figure out what the maximum amount you can spend on a car is, how much money you have to put down as a payment if you aren’t looking to purchase outright, and if that’s the case how much you can afford in monthly fees. You don’t want to overextend your finances and run into issues paying off the car in the future.

Do Your Research

This tip cannot be stressed enough. You will need to look at and possibly talk to various dealerships to get info on pricing, comparing mileage, and looking at the interior and exterior of your potential car to be. Do some research on the make and model. Read some reviews and check out the specs. Do you need a two-door or four-door? Hatchback? How is the gas mileage? You can search online classifieds or take some time and go to the lots and walk around them in person.

Check Repair Costs

Different car manufacturers have different parts for their cars, and these parts can have a wide range of costs. Doing some research on the average costs for repairs for the car you are looking at is a solid step to prepare yourself for issues down the road. It's vital you do enough research so that you know what you're getting yourself into with your used car, and you can be prepared if and when you need to start repairs.

Check the History Report On the Car

You can use the VIN (vehicle identification number) on the car to see where it’s been and what it’s been doing for as long as the vehicle has been around. Was the car used at a rental agency in the past? Was it in a coastal city? Does this mean I need to ensure there’s no rust underneath? All valid questions for anyone looking to purchase a used car.
Talk to the Seller.

If you’re interested in the car, talking to the seller to get this information first hand is always a good idea. They may bring up things about the car that you may not have already seen in your research. I would always follow up on anything the seller says, however, just in case. They are getting paid for this, after all.

Buy the Car

The final step can be more complex than you think. If your buying the car from a local lot, make sure there isn’t still a loan on the car. If there is, then call the lender. If you’re buying from a dealership, once the loan is approved and you can purchase the car, be wary of them attempting to sell you additional products. Don’t be afraid just to say no. Buying a used car can be a daunting task for anyone, but remember, the more prepared you are, the more confident you’ll be in your decision.