Stick To Your Budget
Never spend more than 20% of your take-home pay for your monthly car payments. If you’re planning on paying cash, set your budget carefully and consider that the used car may need parts and maintenance more often than a new car.
Choose Carefully
Build a target list of cars that interest you. The Honda Accord and Toyota Camry are great used cars, but they may cost more because they’re popular. Consider equivalents Fords or Kias instead that are reliable and cost much lesser. Or look at Certified Pre-Owned cars.
Compare Prices
Used car prices depend on where you are buying from. So explore all avenues and compare the prices presented to you for the cars you’re interested in. And ideally, look for used cars that are in your area and not too far away.
Get The Details
Obtain the vehicle history report for any car that you seriously want to consider. This report can reveal necessary information about the vehicle, like whether the odometer has been rolled back or if the car has a salvage title and other details. Simply get the car’s VIN and request AutoCheck for the information.
Speak To The Seller
Once you’ve examined the report, call the seller and confirm all the details about the car. You may learn something that wasn’t mentioned in the ad. If the conversation goes well, book a test drive.
Test Drive
You have to test drive a car if you’re seriously thinking about buying it. Conduct the test-drive daylight hours so you can examine the vehicle carefully. Prepare a checklist and go through it item by item. Take your time, and don’t let the seller hurry you. Check the service records as well to ensure that the car received periodic care.
Mechanic Check
If you like it, hire a professional mechanic to inspect the car and give you a written report. The mechanic may notice something important that could confirm or kill the deal.
Negotiate And Sign The Papers
Once you have all the details and want to go ahead, negotiate the price of the car to the point that’s fair. Then complete the paperwork, buy it, and enjoy your new ride.