Don't buy a lemon, know what to look for
Posted on Friday, July 6, 2012 at 2:26:19 PM
Many people don't have the money to purchase a new car, so buying used is a great way to get a good deal. However, it can be hard to know if what you are buying is exactly what's being advertised. No one wants to end up with a lemon, but without knowing what to look for in a used car, you run the risk of getting stuck with someone else's automotive problems.
Experts agree that when buying a used car, you should do your best to find a late-model vehicle with low miles. Find out what the typical dealer warranty is on the model you are interested in and use this as a gauge for its considered low miles in terms of wear and tear problems. For some cars, this is 100,000 miles, while others will be closer to 200,000 miles.
No matter the mileage, always make sure the car receives a thorough inspection from a qualified mechanic. This can not only give you further insight into the car's history, but also provide a better idea of its value, according to Consumer Reports. Keep in mind that loans for used cars typically have slightly higher interest rates than new automobiles, but you often pay less to insure a used car. Finally, you can always consider used car financing if you need assistance paying for the purchase.