Used Car Buying Guide
If you’re in the market for a used car, you are not alone. According to Edmunds, there are 40 million used cars exchanged annually. With such a large number of used vehicles on the market, how do you go about choosing the right one for you? This Tuesday Tip will provide you information to help alleviate some of the stress associated with car buying.
7 Used Car Buying Tips
- Know How Much Car You Can Afford
Before you start shopping for a used car, it’s important to know how much you can afford. Utilize our car affordability calculator to help you determine this. Also, get pre-approved for vehicle financing before you visit the dealer to save time and money!
- Research Make & Model
Picking the right make and model is essential. There are many resources available that can help you determine the best car for your specific needs. Sources such as Edmunds Reviews and Consumer Reports are great places to start.
- Do A Price Check
Before you begin shopping do some research to determine the market price of the vehicles you like. A car model-pricing guide such as Kelley Blue Book is a great resource to help you accomplish this. To get an accurate estimate, make sure to include these features when utilizing a pricing tool:
~Year, build, and model
- Examine The Vehicle
Examining a vehicle is essential. Make sure to thoroughly examine the exterior of the car, as well as the tires, engine, suspension, brakes, and vehicle’s steering components.
- Take It For A Test Drive
Before you purchase a car, take it for a test drive. Often, a vehicle may appear pristine on the outside, but a test drive could uncover hidden issues. In addition, you want to make sure that you like the way the car handles.
- Check The History Report
Never buy a vehicle without checking the vehicle’s history report. Reviewing the history report helps to identify odometers that have been rolled back, salvaged titles, and even accident history. You don’t want to end up with a lemon.
- Don’t Be Afraid To Negotiate
Utilize the information you gathered during your research as ammo at the dealership. Compare the dealer’s asking price to the average market price you found online. In many instances, you will see that the seller is asking more than the market price of the vehicle. Remember, it’s okay to walk away if you are unable to negotiate a price that makes you comfortable.
- Should You Buy A New Or Old Home?
- Will Refinancing Your Auto Loan Hurt Your Credit Score?
- How To Do Valentine’s Day On A Budget
- Top 5 Ways To Save For A Car
- 10 Ways To Improve Your Finances In 2019
- 4 Best Ways To Budget For A Baby
- How To Overcome Impulse Purchases
- What Items Should You Inspect When Buying A House?
- How To Save Money On Holiday Shopping In 2019
- Four Ways A Personal Loan Can Help You Through A Difficult Time
- What Is Credit Utilization & How Does It Impact Credit Score?
- Why You Should Consider Refinancing Your Car Loan
- 5 Boat Buying Tips For A First Time Buyer
- Top 8 First Time RV Buyer Mistakes To Avoid
- 4 Tips To Help You Save Money This Halloween
- Prepare Your Vehicle For Hurricane Season
- Top 4 Car Buying Mistakes To Avoid
- Why Car Loan Rate & Term Matter
- 7 Tips For First Time Car Buyers
- The Difference Between Secured And Unsecured Loans
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015