Understanding the used-car buying process
Posted on Friday, September 14, 2012 at 4:57:29 PM
Using your hard-earned money and auto financing to purchase a used car is a big decision, which is why it is important to know all the facts before driving off the lot in a ride. According to OnStar, approximately 3.3 used cars are sold for every one new auto sold. Buying used is often the smart financing decision for many families, however, it can have a few perils if an individual does not pay attention to the details concerning an auto.
Here are two tips for buying a used car:
1. Get a vehicle history report. Buying a car is a big investment, which is why it is important to know the history of the car you are thinking about purchasing. An auto that has experienced an accident or flood may have a higher chance of damage.
2. Have the car inspected by a reliable mechanic. Bring the car to an outside mechanic that is not affiliated with the seller, whether it is a dealer or an individual. Then, ask the professional to go over the vehicle with a fine-tooth comb and put the car through its paces to ensure everything is in working order.