Five Things to Consider When Buying a Used Car

Author // NPR Car Talk
Posted in // Cars for sale anchorage alaska, Used trucks anchorage, Used vehicles in anchorage

Used vehicles in anchorage

Buying used cars instead of new vehicles is commonly known to be a financially smart choice. However, with several million affordable used cars for sale in the United States at any given time, it can sometimes be difficult to tell a great opportunity from one best left in the lot. Fortunately, by asking your dealer and yourself the right questions, you will be able to find the best used cars for you. Read on to learn about the things you should consider before you buy a used vehicle.

Your Budget
Before you even head to a used car dealership, you need to figure out how much you can spend on the car itself, on gas, on car insurance payments and more. Experts recommend that drivers spend no more than 15 to 20% of their monthly budget on car-related expenses. Once you have figured out what you can afford, make sure you don’t exceed this amount: while you might have to pass on some good used cars, a car you don’t have enough money to drive doesn’t help you in the slightest. Moreover, thanks to the wide selection of used cars, there are plenty of affordable used cars you’ll likely love to drive.

The Dealer’s Price
Did you know that car dealers are required to provide the manufacturer’s suggested retail price if asked? This amount will likely be lower than what the dealer is asking, giving you room to negotiate a better price.

Trade-In Values
The average used car in the U.S. has around three drivers over the course of its lifetime. This means you will likely be able to sell your used vehicle in the future, so make sure to consider how much you may be able to sell it before should you want to upgrade to a different vehicle in a few years.

The Salesman
You might not always have the luxury of working with people you feel completely at ease with, but if the used car salesman you are working with makes you feel uncomfortable, pay attention. Because you will likely have further dealings with your used car dealership even after you hand over the check, especially if you plan to sell your car in the future, any misgivings now could turn into years of difficulty.

Your Mechanic’s Perspective
You’ve likely heard that you should have a used car inspected before you purchase it. This is incredibly important advice. Before you drive away from the dealership in your new car, someone you trust should have checked for damage and wear, and you should have discussed any findings with the salesman. This can prevent serious problems later on.

Buying a used car can take a lot of research and work if you want to be sure you’re driving away in the right vehicle. Fortunately, the wide selection of affordable used cars usually makes this process well worth it in the end. Follow these tips above and you’ll likely find a vehicle for you, your budget and your lifestyle. Good references here.

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