What To Know Before Buying - A Used Car

Use the Vehicle Identification Number (VIN) on sites like Carfax or AutoCheck to view accident history, title status (avoid "Salvage" or "Rebuilt" titles), and service records.

Factor in "hidden" costs beyond the purchase price, such as registration, higher maintenance for older vehicles, and insurance premiums. what to know before buying a used car

Use the Kelley Blue Book to find the fair market value so you don't overpay. 3. DIY Physical Inspection Use the Vehicle Identification Number (VIN) on sites

Research specific models on Consumer Reports or Edmunds to find known failure points (e.g., specific engine or transmission problems for certain years). Before looking at cars, establish what you can truly afford

Aim for a 20% down payment, a three-year financing term, and total car expenses (including insurance) that equal 8% or less of your monthly income.

Before looking at cars, establish what you can truly afford.

Set aside approximately $1,000 for immediate repairs, as many previous owners defer maintenance right before selling. 2. Research and Verification