5 Headache Saving Tips for Buying a Used Car
Your auto has been breaking down more frequently. You’re tired of taking it in to the shop. You’ve been promising yourself that you would trade it in for a newer model, but how do you make sure you don’t trade one problem for another?
Here are our 5 top tips to help you make an educated decision.
1. Research, research, research.
With a variety of helpful auto sites on the Internet, there isn’t a good excuse for not researching a car, truck or SUV that you’re interested in before you walk onto an auto lot or discuss price with a private party. Helpful sites, include Edmunds, Kelley Blue Book, and Google. Within an hour, you can find great information about owner reviews, Consumer Report ratings, recalls, and price comparisons.
2. Why is it for sale?
Many used cars on the lot or through private sale in the AutoTrader are for sale because their previous owners are trading them in for a newer model. However, some of these autos are for sale because of quality concerns. If you get a wishy-washy answer when you ask the seller why they put their used car up for sale, dig deeper. Take a step back and do your research again to see if there are any recall issues. Ask more questions of the seller to see if you can get them to share any habitual repairs.
3. The fax tells the story.
An excellent way to verify if the seller is telling you the truth about their auto’s history is to check it yourself. Fortunately for consumers, companies like AutoCheck and CARFAX can help. It’s better to take this extra step up front than kicking yourself for not doing it if you find that the auto has a poor maintenance record after you buy it.
4. What are your financing options?
Few things will give you a headache faster than realizing you overpaid or are getting charged higher interest rates. If you buy a used car from a dealership, they will educate you about their options. However, if you don’t qualify, or if you buy from a private party, or if you simply want to make sure you’re buying in at the best rate, you have other options. First, check with your bank. Second, go online to MyAutoLoan.com.
5. Is the used car protected by a warranty?
When you buy a used car, truck or SUV, you buy them as is. Any problems that develop as you drive it off the lot or after a private sale becomes your responsibility. Before you trade your cash for a used car, ask the seller if it comes with a transferable warranty. If not, get a free quote on an extended auto warranty.
Looking for more info on used car tips, then visit www.AmericanAutoAssurance.com to find the best advice on what a vehicle protection plan can do for you.