Buying a used car is a great option. There are so many advantages to this route, especially since today’s cars can last a long time. But buying used can be daunting, too. Before you start, you should be prepared for the transaction. Here are five things to do when buying used.
Before you talk to the dealer about financing, do some research. Check with your bank and local credit union to see what type of financing they’re willing to offer so that you can find the best deal.
Research the Vehicle’s Value
You don’t have to take a dealer’s word for how much a car is worth. You can check that yourself, using a resource like Kelley Blue Book. KBB.com lets you search vehicles by their year, model, and condition to get a true estimate of a car’s value.
Look Up the Vehicle Identification Number
The VIN is used to record a vehicle’s history, which you as a consumer have a right to know. Use the VIN to search a potential vehicle on CarFax or AutoCheck, two services which will let you know whether the vehicle has been in any big accidents or any other incidents that could change its quality.
Have the Car Looked at
If possible, ask to have the used vehicle examined by a reliable mechanic. This will give you another opinion on how healthy the car is.
New cars depreciate the second they leave the lot. This means that you can get a car very close to new for a much lower price. Look for a young car at Courtesy Ford of Sauk City to get the best value out of buying used.