What's Involved In Buying A Used Car

Dec 21
13:09

2015

James Blanchard

James Blanchard

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Buying a used car has always been seen as a way to save money. To cut back your risk of exposure when you buy a used car, follow this guide to to help get you in the right car for the right price.

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Learn How Much You Can Afford

Knowing what you can and cannot afford is the first step when buying used cars. Once you figure out how much your payment should be,What's Involved In Buying A Used Car Articles review your financing alternatives. You can just as easily get a loan but focus on the total price rather than the monthly payment amount. Remember that you'll also need extra money to maintain the vehicle and to pay for gas and insurance.

What’s the Right Car for You?

Figuring out how much you want to invest was the easy part; now you have to find the car suited for you. Consider your daily driving needs and decide what is important to you, what features you need in a car.

Find Your Car’s Value

Pricing for retail cars at a dealership can vary, but because of the refurbishing a dealer must do to ready the car or truck for sale, the retail price of the used car will generally be more than a private party price.

Contact and Get in Touch with the Seller

If you are contacting a private party, you need to find out why the car is being sold. Ask them to discuss the condition of the car and how it was used, if they have all the mechanical and repairs and maintenance records for the vehicle and if they have any objection to you taking the car to a private mechanic for an inspection.

Get Both a History and a Safety Report on the Car

Write down the Vehicle Identification Number (VIN): located on a stamped plate on the top of the used cars dashboard and run a vehicle history report to check for information that could impact your decision about a used vehicle. Some types of information that a vehicle report may include are title problems, accidents, ownership and service history.

Conduct a Thorough Walk-Around

A physical examination of the vehicle is absolutely necessary before the purchase. While a private party may let you take the car to your own mechanic, a dealer may not be so obliging, requiring that his own mechanic perform the check up. Never let this stop you from doing some inspecting of your own.

Conduct a Thorough Test Drive

A test drive gives you the opportunity to evaluate a vehicle’s driving characteristics and also minimizes the danger of future buyer’s remorse. Before driving, spend as much time as possible inside the car. Sit in it for some time and check out every interior function.

Negotiate for the Car's Price

You’ve found a vehicle that is right for you, and are ready to talk with the seller about a potential agreement. When it comes to negotiating the price, the key is to settle on a deal that benefits both parties. Never negotiate under pressure.

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