How to buy an used car

Buying a used car is a bit more complicated than buying a new car, although you can follow most of the same guidelines for both.

First, know what because you have it in mind. Investigate the car. There is a great deal of information online. Check out the automakers website, consumer reports, and edmunds.com. website. Know the approximate value of the car before heading to the dealer. Go to your bank or credit union before you go shopping and see how much money they can loan you on a used car. This way, you will have a much better idea of ​​what you can realistically spend.

Please note that there are many different models of the same car. You may not find the exact car with all the extras you want, or the exact color, but you can find something nearby that is a great deal.

Most dealerships are honest and honest when they sell used cars. They offer limited warranties with them. In the case of luxury cars, many of them still have warranties in effect when you buy them.

If you are buying from a private seller, ask to see the service records. Go online and request a carfax car history report. Find out if the car will be sold “as is” or if it will already be inspected by the state. When you’re serious about a used car, make sure you have time to take the car to your mechanic for a review, especially if it is sold “as is.” You don’t need to find out after the fact that you need a lot more repairs than you thought. You can’t tell from just a visual inspection.

Car cosmetics are an important factor in determining its value. Cars are generally rated in good, fair, or excellent condition. However, especially when buying from a private seller, you will find that these ratings vary, sometimes greatly.

Whatever you do, don’t let anyone pressure you into making a quick decision, especially a private seller. If you hear something like “I already have someone else who is willing to give me a down payment,” get out of the car. Stick to your guns and your budget. If you don’t get this because it wasn’t meant to be, there will always be another, and better.

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