Tips for buying a used car
3 Tips For Buying a Used Car
Buying a used car can be a great joy or pain, depending on how knowledgeable and prepared you are before making your purchase. You can be clueless about how to go about it and end up over paying or even worse, buying a lemon. Or you can be on top of things and end up with just what you were looking for at a fair and reasonable price. The following checklist will point you towards the latter.
1. Do your research: First, you should have a general idea of what kind of car you want to buy. Next, you will want to look online or in a Kelly’s Blue Book to see what the car is worth. That way you will not be pressured into overpaying just because you had no idea of how much the car should have cost. You should also do an online search to see if that make and model has any reoccurring problems, such as the transmission blowing after 50,000 miles or the engine giving out. Some cars are just not built to last and those are the ones you want to avoid.
2. Get your finances in order: Will you pay for your car in cash or finance it? If you are going to finance it, will you go through the car dealership or a private lender such as a bank or credit union? These are all important questions to ask because they have a direct impact on how much money you will save. You’re best option is to pay in cash. Not only because you can negotiate a lower price, but because you won’t have to worry about making monthly payments and interest fees. If you don’t have that much money saved up, your next best option is to get your loan through a private lender. They have lower interest rates than the dealership and will give you a check to make your purchase, which can come in handy when negotiating a price.
3. Do a thorough inspection: This is the most important aspect of buying a used car that most people ignore. Just because the car looks good on the outside, doesn’t mean that everything will be fine under the hood. So, take it for a test drive to check for any funny noises, jerking or leaking fluids. Or better yet, drive it over to your mechanic and have them give it a full inspection. If everything checks out, you’re good to go!
As long as you follow this buying a used car checklist, you’re well on your way to buying the car of your dreams well within your budget. So, just remember to do your research, consider your financing options and inspect every car you’re interested in buying. You can find a used car that you like on the internet, in the newspaper or at an auction. It all depends on how much money you want to save and what kind of warranties you want.
Did you know that you can save hundreds, if not thousands of dollars by buying your used car from a used car auction and that you have thousands of cars to choose from? If not, visit MyCarAuctionReview.com for info on the latest car auction lists, sites and locations.