Three Used Car Buying Tips

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If you are looking for a used car, you are not alone. In fact, for every new car sold in the U.S., about 3.3 used cars are sold as well. This means that more people understand the value of used cars — they are always cheaper, even with new car incentives and rebates, and can often last just as long.

One of the most obvious differences between new and used cars is their longevity, but if you purchase a model that is only a few years old, with a minimal amount of mileage, you will have a better chance of keeping the car for a long time.

Here are some other tips on buying a used car.

  • Car History. Whether you think a particular model like the Chrysler FIAT is a reliable car or not, you will always want to check out the history of the car before you even think about buying it. You’ll want to know how old it is, how many owners it has had, and also any major accidents it has been through. This will give you a good idea about the quality of the car, and how well it has been maintained.
  • Financing. Be sure that you have a high credit score, as this will affect your ability to get a loan. Used cars do often require a 2% higher annual percentage rate (APR) than new ones, but you can get a break if you work with a specialized lender that will reduce the price. You may be able to find these lenders online, or even ask around for a good reference.
  • Negotiate. You have a better chance of reducing the price on a Chrysler FIAT, Toyota, or Honda if it’s a used car. You can take a look at the specs, carefully inspect the vehicle for any damage, and use what you find to try to knock down the price even more. Don’t be afraid to haggle for a price point that works best for you.

There’s no reason that your used car shouldn’t last you about 10 years as long as you do your homework, and choose one that is in good condition. The effort you put in will be worth it.

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