#How #do #you #buy #a #used #car
How do you buy a used car
How do you buy a used car
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Just because a car isn’t
new doesn’t mean it can’t be new to you. Buying a used car can be just as exciting as purchasing a brand new model. Unfortunately, getting a used vehicle can also be just as complicated as figuring out which new car would suit you best. That’s why we’ve compiled this guide to help you. Set a Budget
Before you can start
used car shopping, you should figure out your budget. This will help your process in many respects—including setting the right expectation for the types of used vehicles you can purchase.
There are a few key factors to keep in mind while you’re number crunching.
Personal Budget Factors
It’s very important to
have a realistic idea not only of what you can spend, but also of what you should spend on a used car. Just because you can afford it doesn’t mean it’s a good option for you.
It’s generally suggested to
spend . However, no more than 20% of your monthly take- home pay on a monthly auto payment this is just a broad recommendation and may not apply to every circumstance.
all in mind, such as: your other monthly expenses
Rent or mortgage.
Phone and Internet bills.
Student loans/other debts.
your monthly budget is mostly spent after taking care of necessary bills, it may be more prudent to keep your car payments on the lower side. Used Car “Hidden” Costs
vehicle entails more than paying for the vehicle itself. There will be costs associated with your used car other than your monthly auto payment, such as:
Don’t forget to keep these factors in mind
when determining your used car budget.
For more help on putting together the
best payment plan for you, check out our used car taxes and fees calculator and browse our guide to creating a budget. Narrow the Search
have a solid idea of how much money you can spend on your used car, you can start determining which type of car within that price range will be the best option for you. Types of Used Cars
There are plenty of
used vehicles to go around, and several ways to generally categorize them. When you begin your shopping process, consider these options:
—The purpose of CPO programs is to Certified pre-owned (CPO) vehicles alleviate concerns about the condition of a non-. Still, the inspections, repairs, and warranties involved in each program new vehicle vary greatly. Make sure to read our guide on certified pre-owned vehicles for more information.
“—These Second tier” vehicles cars may not be the biggest sellers on the lot, but can still be reliable—and much cheaper—regardless of their less- popular manufacturers.
i.e. the Honda Accord and Toyota Camry are comparable in
quality to the Chevrolet Malibu or Nissan Altima, but can cost much more. Usage Considerations
good way to begin narrowing your search is figuring out how you will mostly be using the car.
For example, if you
have a large family, you might want to consider a vehicle with more seating; if you have a long commute, you may want to focus on cars that get the best gas mileage.
with yourself, and separate the features you need in your car from the features you simply . want Shop for a Used Car
know what you want and how much you can spend, so now it’s time to figure out where to find this vehicle. There are a few methods to find the best used car near you. Online Forums
love to do or research , you may have a decent amount of car-related knowledge have good luck looking for a used car on . websites like Craigslist
Peer-to-peer car buying and selling websites are another option. These sites essentially act as a middleman between buyer and seller. The process is similar to using Craigslist, but sales are typically more regulated by the website.
There are other
less active , as well. Many online options websites will offer , used car listings which will allow you to search for vehicles based on factors like:
Of course, there are other ways to track down
used cars for sale, including:
These methods typically involve more legwork but may be a
good option to find deals that a buyer only using the Internet might miss. Negotiating Used Car Prices
price of a car, new or used, is almost always up for debate. If you put your negotiating skills to the test, you may be able to save some serious money when purchasing your used car.
Your number one ally at the negotiation table is . information Make sure you have a solid idea of the vehicle’s general value, including:
price of the car will depend on other variables, like the condition the car is in and the vehicle’s history.
Also ask if you can take the car for a test
drive before making your final decision to buy it. This may reveal issues you may have with the vehicle that you can’t discern from research alone. Buying from Dealers
There may be several different factors in play
when you purchase a used car from a lot or dealership, as opposed to a personal sale. Dealers usually have more about and information experience in vehicle sales and will typically stick to a bottom line.
Dealerships will usually also consider other elements when in negotiations with you, such as:
recommended to start the conversation with the total you price want to pay for the vehicle, rather than trying to figure out monthly payments off the bat.
with a dealer can be difficult or intimidating, so make sure to read up on our guide to negotiating before making an offer on your used car. Private Party Sales
with a private seller may be easier than talking to a dealer about the price you want to pay for your used car. Typically, an individual will have less experience in selling vehicles and will likely be more eager to get rid of their auto.
Still, pursuing a private
sale means you’re much more likely to purchase the car “as is”—making you financially responsible for any and all problems with the vehicle, known and unknown. Check our guide to buying a car “as is” for tips on how to best deal with this situation. Vehicle History Reports
No matter who you buy
your used car from, it is a smart idea to ask for the . vehicle’s maintenance and crash history
will reveal many points about the car that could help you not vehicle history report only negotiate a fair for the price vehicle, but also on whether or not it’s worth purchasing at all. make an informed decision
Vehicle history reports use the car’s vehicle identification number (VIN) to turn up information about:
Accident history. Major repairs.
Lien and ownership history.
Warranties remaining on the car.
Mileage and miles per year.
Buy Your Used Car
You’ve successfully planned a budget, researched
your needs, located your vehicle, and bargained for a good price. All that’s left is signing off on the dotted line.
But before you do,
make sure you have all of your paperwork in line. Then you can drive off into the sunset with your (almost) new ride. Related Products & Services
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SOURCE: http://www.dmv.org/buy- sell/ used- cars/ buying- used-car.php