3 Tips For Buying Your First Used Car


Whether it's your very first car, or you've only purchased new cars in the past, buying your first used car can be a very wise financial move. Buying a used car can mean getting a car in great shape with a lot of life left for much less than buying a new car, while avoiding getting saddled down with huge monthly car payments. The key is knowing common used car pitfalls to avoid so you don't end up stuck with a lemon. Here are four tips for buying your first used car:

Shop Around for Financing

Unless you are buying your car with cash, you will need to apply for a car loan. Be conservative when deciding how much you can afford per month for a car payment. It's usually better to have a slightly older or otherwise cheaper car with a lower car payment in order to leave yourself plenty of wiggle room in your monthly budget. While your auto dealer will most likely offer financing, it's a good idea to shop around before you take out a loan. Your bank or credit union may offer lower interest, which can mean paying your car loan off sooner and for less money overall.

Check the Car's Background Report

Next, ask for a copy of the car's Carfax report, which provides a detailed history of the car as well as its estimated value. This way you can see if you're getting a good deal, and if it's been in any major accidents or had other issues. If you buy your used car from a dealer, they will most likely volunteer this report, but if you are buying from a private seller you will probably need to request it.

Consider Anticipated Cost of Gas and Repairs

When estimating your payments, keep in mind the gas efficiency and overall condition of the car. A cheap car is not much of a bargain if it gets terrible gas mileage (especially if you commute to work), or is in bad shape and will most likely need costly repairs. It's a great idea to have the car checked out by a trustworthy mechanic to be sure you aren't buying a car that you will have to sink a ton of money into. 

By following these tips, you can avoid common problems with used cars and buy your first used car with confidence and peace of mind.


17 May 2017

Car Dealer Auto Selection: How The Process Works

After going to my first auto auction, I became very interested in how dealers select the cars they're going to put on their lots. I spent a lot of time talking with local dealers, auction regulars, and others in the industry to learn the behind-the-scenes secrets to picking out the perfect auction cars and getting them lot-ready. I created this site to help others understand what goes into the process in the hopes that it would help car buyers understand what they're looking at when they hit the car lot. I hope the information here helps you better prepare for buying your next car.