It’s no easy feat to buy a car in the US. Cars are expensive, so you need to do all your research on different models to ensure you’re getting a good deal. If things go wrong, you find out how much more you don’t know about cars. In this article, we break down what to look for when buying a used car and which models will work for you.
When choosing a used car, there are two main types. Certified Pre-Owned, or unused cars with a warranty, are made available. The second is Lease Returns which have low mileage and price because the vehicle was only leased for a short time before the brand decided to buy it back.
When buying a vehicle, do some research on the car’s resale value beforehand. Use these numbers to ensure that the purchase is worth it. Also, be sure to check the make, model, year and mileage of the car before committing to anything.
Save money when buying a used car by making sure it is not salvageable, rust-free and structurally sound. Getting a used vehicle is the best option here. The trap here is that the used vehicle can become a money pit if not chosen practically. Always keep the thumb rule of if not buying a car that is older than 15 years.
Along with the purchase price, you will need to pay for taxes, registration costs, title transfer fees, and license fees. If you are financing your vehicle then you will have to pay interest on your loan while also paying a down payment.
When choosing an inexpensive pre-owned vehicle, compare all of the parts carefully. Call the dealership to ensure the vehicle has not been in an accident, so you will know for sure what you are getting. Doing your research beforehand will save you time.
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