Automotive Insider

How to Buy A Used Car

With the ever-plummeting economy, many people have found it necessary to further tighten their budget by purchasing used vehicles instead of new. It can be an excellent way to have reliable transportation without spending top dollar. Unfortunately, if a buyer is not careful, it can also be a great way to end up with a lemon. Following a few simple guidelines will allow buyers to purchase the best car for the least amount of money.

Step One:  Know Your Budget – Before you set out to purchase a used vehicle, sit down and figure out a budget.  If you are purchasing the vehicle out-right, it is easy to not overspend, but if you are financing your used vehicle it is critical to set a reasonable budget. Determine how much money each month you can reasonably afford and stick to it. “Deals” often seem impossible to pass up, but even spending an extra $1000.00 can have a big impact on your monthly bill.

Step Two:  Test Drive – be sure to adequately test-drive your vehicle before making a final decision. Resist the temptation to just take a spin around the block. Instead, take the car for a 15 – 20 minute drive. Carefully examine the cars performance. Remember, a test drive isn’t just to determine if the vehicle is comfortable, it is a chance to learn how it drives and to note any areas of concern.

Step Three:  Use a Mechanic – While it may be tempting to save money by not hiring a mechanic, it is a critical step. Having a qualified mechanic review the vehicle will ensure there are not mechanical problems.  Spending the money to have the car checked may save you thousands of dollars in the long run.

Step Four:  Car History – Today, it is easy to receive a report on the history of a vehicle based on the vehicle identification number. Several companies, most notably CarFax, are available to choose from. If you are working with a used car dealer, many offer this service and have complete records for your review. If you are dealing directly with an owner, be sure to run the report yourself. Some less than scrupulous people may attempt to conceal the history of the vehicle.

Step Five:  Negotiate – Be sure to be prepared to negotiate the final price of the car. Check around and determine what the typical asking price is for a similar vehicle. If you are working with a dealership, remember to negotiate their fees as well.

Purchasing a used vehicle can be an exciting venture. In order to avoid regretting your decision to purchase a used car, be prepared to thoroughly investigate and research the vehicle you are interested in. Do not be afraid to ask questions or to negotiate. These steps are critical for purchasing a vehicle for the best price and will protect you from purchasing a dud. A used car can be an excellent alternative to those seeking to save money on a vehicle purchase.