Watch more How to Buy a Car videos: http://www.howcast.com/videos/447-How-to-Buy-a-Used-Car
It won't be a bargain if you have to spend a ton of money on repairs, so learn how to spot a lemon.
Step 1: Figure out how much you can spend
Figure out how much you can spend -- either in cash or in monthly loan payments.
Don’t forget about the costs of owning a car, like insurance and maintenance.
Step 2: Research models
Research the models you’re considering. Car information websites will help you compare both the performance and long-term reliability of various cars.
Step 3: Locate car
Locate a car that you want to check out. Search used car lots, classified ads, car dealerships that sell pre-owned vehicles, and special used-car publications and websites.
Step 4: Ask seller about condition
Ask the seller about the general condition of the car, including mileage, extra features, and whether service records are available.
If you’re buying the car from an individual, ask if he or she is the original owner and the reason for selling the car.
Step 5: Inspect & test-drive
Inspect the car and test-drive it. You want to make sure that it performs well, runs smoothly, and feels right.
Don’t let the seller rush you through the test-drive.
Step 6: Find out if warranty included
Find out if the car comes with a warranty.
If a warranty isn’t included, have a mechanic inspect the car for you. Let the seller know that the sale is contingent on a professional inspection.
Step 7: Get vehicle history report
Get a vehicle history report from one of the companies that sell them online. See if the vehicle has been damaged in an accident or flood -- and if the odometer may have been rolled back.
Step 8: Find out worth
Find out how much the car is worth by consulting online used car guides or visiting the library.
Step 9: Negotiate
Negotiate. Using the market value of the car as a guide, make an offer on the low end. Don’t be afraid to walk away.
If you’re trading in your car or having a dealership arrange financing, negotiate the price of the car before you discuss trade-in value and financing to assure you get the best deal.
Step 10: Close the deal
Close the deal. If you’re buying from a private seller, make sure you get the title. Register your new vehicle with your state’s Department of Motor Vehicles.
If you’re buying from a dealership, they will handle most of the paperwork for you. Just make sure you read any contracts or paperwork carefully.
Step 11: Drive home
Drive home in your swank new ride.
Did You Know?
Did you know? On average, new cars lose 15% to 30% of their value the moment they’re driven off the dealer’s lot.
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It really is a better experience selling a car to someone who is educated and knows what they are doing. It always amazed me when a "Mr Mathematician" would come in and not understand why he couldn't finance a $28,000 car for 48 months at $300 a month. These customers always try to be so sharp. Anyone who knows a little math, should have a pretty good idea what a payment would be on $28,000 car.
All the steps make great sense. I sell cars for a living and when someone comes in well prepared and well educated on both how to properly buy a car and on what their needs are, it turn into a really fun experience for every one. Buying cars can be very stress free.
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exhaust: white or oily residue: walk away. Autotransmission: Does it bang into gears? Walk away. Tyres run off unevenly? Walk away. Unusual gaps on the sheet metal? walk away. Does mileage fit the wear and tear in the interior? does it smell or pong inside? walk away. Any red coloured lamp not turning off? Walk away. Go the full side-to-side-turns with the steering and corner. Any clicking noise? Walk away (or negotiate the price).
with the millage on a car, it depends on how well the car was maintained, like how often the oil was changed, brakes were changed and ony other maintenance that was done on it. if the car was well maintained it could run like new at 100k plus miles
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I don't think you can buy insurance for a car you don't own yet. Call around and get rates for the car you're thinking of buying. Rates can be quite different between insurance companies. Ask about deductibles, what the policies include (if you have a bank loan on the car you'll have to have full coverage). And making monthly payments on your policy might be easier than getting hit up a couple of times a year. See if the insurance company will let you pay monthly if that's what you want.
@diszkidwaszheresz after is the way i do it cuz they need the info of the car that you own. cuz at least i dont think that you can do it before because theres no car to insure. so id say after is better.
@AlexMacFan How intelligent. You know you have no argument here so the best your brain can manage is to call me a homosexual. Telling me to go fuck myself does not make a mac anymore pleasing to me and really just makes you look like a 10 year old.
@MrMetalFingers they are useless anything you an do on a mac you can do on a pc better and cheaper macs are just for looks idk it just seems like anyone that owns a mac goes to starbucks to blow another mac users dick i cant stand them they so full of them self bunch of duchess
really stupid ,,, 100% wrong the most important thing about a used car is it`s condition make, model, mileage, options, accident history, **PRICE** who cares about the previous owners or the reason why they are selling the car
@Chunderitis You can over here, but yeah, I get your point. If your budget is tight, you could go to the corresponding car's (if you have a make/model/spec already chosen) forum (every car brand has a forum these days) and either look for a "buying used" topic or just ask questions there. A friend of mine got a civic from '94 in tip top condition by inspecting it herself...
or you could buy from a trusted dealer one thats owned directly by the manufacturer like Renault Birmingham that way your sure that quality checks are made and all inspection sheets are also accesible to you for viewing.... yes I do work there.
@ Polar That's why I'm NOT a belt fan. I've had a timing belt break on my wife's car car as she was driving up the parking lot. Fortunately it wasn't an interference engine and we we're only out of $30 for a new belt. A neighbor of mine had an Old Alero for a day and the timing chain broke, trashing the engine. However that belt on the Escort we had less than 20,000 miles when the teeth fell off. I'm picky about maintenance too, but there you go. Stuff happens.
@ Polar My friend bought a Hyundai and I was using this to make a point about depreciation. I'm looking for a full-sized (maybe) GM or Ford van myself. A lot of cars have interference engines these days whether they have a chain or belt. I'm not a belt fan, but they are a lot easier to replace than a chain is. I did one on an Escort in an hour. The fact is these are a maintenance item and need to be done. Even chains need replacement at intervals, but more time and money involved.
I've read worse where people bought lemons and dumped more than the car was worth.
I can still count my blessing that nothing major has gone out.....yet.
At least I got something that wasn't a pick up truck with 14 mpg :)
I am going to buy a used car as my first but I try to ask the seller's what type of problems the car have if any and whatever problem the car has, research on how much it would cost to get fixed. What a headache. I am still more worried about the cost of insurance then anything else. lol
I believe I've read that the $1,000 deposit isn't refunadable if you don't buy it and that's WRONG
Dealerships taking over Ebay and or impersonating private owners is also WRONG.
I found one car on Ebay by a private owner that had no reserve and he only got 300 for it. For all we know, a dealer or salvage yard bought it.
Ebay is sour grapes and has a bad reputation according to some people on automotive blog sites. Although, they are also selling.
$1,000 non refundable deposit? WTH?
I'm currently looking at the VW TDI or turbo diesel. So many have high miles already and are still too high a price if it needs work. Private owners also want too much.
One car I just found supposedly has 83,000 but a questionable mileage descrepency as stated by the dealer. The car looks great, but some still do with high miles on them. Many sites don't show pics of the engine, which I hate.
Some, not even the interior.
Ebay is said to be even worse, but many dealers post there as well.
My mother bought a car for me after my father died because it was one thing he wanted to do for me, but he wanted me to get a truck and I didn't want a TRUCK. :( I wanted something that got at least 30 mpg highway.
My brother, who took over the estate kept changing his mind, but finally gave in after my mom complained. First decent car I found, I wanted, before I ended up with a back yard POS like a crapalier.
I found a 2001 Buick Regal and now sorry I bought it.... for that price.
My friend just bought a new Hyundai and is going to spend $11,000 for the first year, including $6000 in depreciation and $1400 in interest payments. I'm going to be practicing what I preach in the next few weeks b/c we've been saving for another car. Of course this one's going to get a lot more scrutiny. I can drive a pretty decent used car for the cost of depreciation and interest on a new one in the first year.
@fooey88 I can't afford not to at this point., or ever again. For me, it's a change of mindset to delay gratification. Every car I've bought has been used b/c I can't afford the insurance and depreciation. Now I realize I can't afford a car payment eating into my monthly budget in this economy. I can drive an older car now and save up for another one for later and will still save money.
No offense, but car payments are a trap, especially when you finance for more than 3 years. Better off to buy a garage sale car for 2 grand and save the money you'd make in payments for a couple years. Then you'll be able to pay cash for a really nice ride. I got burnt on my last car loan to the tune of over $10000 on an $11,000 car. Save the money on interest.
You and I are in the same boat. My Dodge is going to cost too much to fix and is no longer safe to drive. One problem is that it was in an accident and twisted the frame. Once I replaced the struts, the steering went to hell. Now I've got to pay off the lemon and pay cash for another vehicle.
i know i will never buy an american car again never ever ever forget about it i blew my money on chrysler i will never make that mistake again ever now i need a new car and i have to wait so i am doing so much research on cars it s not even funny every book every video everything i can not to get ripped off again thanks for nothing dealerships
AND make sure (should you have any doubts) get a car history report. If the car seller thinks you don't know crap about a cars, they WILL try to get over on you. I'm a woman and you have no idea how many times someone tried to get over.
If done based off the kelly blue book, and in most cases, a private owner will be cheaper. However usally a dealer is gonna have higher quality cars and will often do maintance on some stuff for you to get you to buy the car. This isn't always true and research is your only real way of getting the best deal. Also credit is always importent expecially in todays world, but thats up to you, if you can't afford it then its not worth attempting cause you may ruin your credit.
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