The best advice is to stay within a reasonable price range and don’t over-extend yourself. Before even seriously browsing cars online — and absolutely before setting foot in a dealership — it is vital to figure out how much you can afford to spend on a used car. If you plan to simply buy the car outright, factor out how much money you have to comfortably dole out.

  • When buying from a dealer, watch for unnecessary add-ons and inspect every line of the purchase contract.
  • Most automakers have a CPO program, which means that buyers have a wide selection of models to chose from, depending on local inventory.
  • Don’t leave without copies of everything that you signed always keep them.
  • If a car’s been in a serious accident, fire or flood, and was “totaled” by the insurance company it still might be driveable.
  • Setting a budget will also provide a clear starting point for your used car search.
  • Financing is handled differently depending on whether you are purchasing from a dealership or a private party.

The age of a used car you should buy depends on your needs and the condition of the car. Mileage is a crucial consideration, you are better off getting an older car with very few miles than a newer one with excessive mileage. Overall, the recommendation is to look for cars younger than five years old, as cars tend to need more repairs as they age.

It gives you the ability to run 25 reports over 21 days so you will be able to compare the histories of the cars you are seriously considering. Find out if the AutoCheck 25 report package is right for you. Remember, there are plenty of used cars in the world and you can find another one if necessary.

Popular Models

Okay, before you set out to buy a used car, there’s something you’ve got to know about the prices these days—they’re higher than ever. In April 2021, the price paid for preowned vehicles hit an all-time record of $25,463.2 That’s the first time the price for used cars has cracked the $25K mark. Used car prices have actually gone up, all thanks to a little something known as a microchip shortage. While a lower monthly payment is good for your monthly budget, a longer payment period means you end up paying back more money in the long run. NPR has a personal finance Facebook group called Your Money and Your Life.

The best age for purchase of a used car is highly subjective and comes down to your priorities. Purchasing a used car that is just 2-3 years old is a massive saving on new car prices and you get a virtually new car. Used car shopping is typically best after the new year, especially near Martin Luther King Jr. New car sales are highest in the last few months of the year.

Buying a used car that’s even just a few years old can mean significant savings. The financier might also require you to have collision insurance to cover the balance owed on the car. If it is required and you do not have it, the financier can repossess your car.

Build A Target List Of Used Vehicles

If you do receive a written warranty or service contract, examine it closely to see what is covered. Does it only cover parts or does it auto tirgus also include labor? Look carefully at what type of repairs are covered. Where will you be required to take the car to get the repairs?

You should pay with a credit card if possible or a check of some type (personal, official check, etc.). With a credit card or check you have a paper trail and some recourse available if something goes wrong. Out of all the steps to buying a used car, the one-on-one negotiation is the most daunting! You need to use all of the available information to your advantage to drive the price down. Before you begin negotiating, invest the time to do all of the research we recommend. Since there is so much to learn about negotiating, we have written a full page of advice for you.

You need to be especially cautious about buying a car online. Asking about the condition of the vehicle is a great question to ask when buying a used car. If there are pictures available to view, make note of them so that you can access any damage should you decide to see it in person.