How Do You Buy A Used Car?
Buying a used car is a mine field. There are so many things to look out for, it is hard to know where to begin being wary. Here are some things to look out for. • Decide on the right car for you. This may mean not getting what you want, but more what you require. Research the Consumers Reports Buying Guide or their online used car buying kit; also check out their free guide to used car buying. Remember that highly rated cars command premium prices. A lower rated car can be a gold mine if you can put up with a design flaw or two. • Use an online calculator to figure out payments. Don’t dwell on price just yet; consider how long you will keep the car, what an affordable payment is for your budget and how much you can put down. Consider a brand new car, particularly if it has subvented financing (a manufacturer’s reduced financing rate). And strongly consider, if possible, buying outright. The absence of monthly payments can have a wonderful effect on your finances. • Ask a lot of questio
