Buying A Used Car: Get The Car Of Your Dreams At A Price You Can Afford
Posted on: 19 May 2017
Buying a used car offers you a great opportunity to purchase a car that you'll love at a price you can afford. A new car loses quite a bit of value in the first year, and when you buy a car that's only a year or two old, you are the one that benefits from this depreciation. You can still get an excellent rate to finance a used car, and your car payment will be lower than if you purchase the same car brand new. You'll want to take the car for a test drive, ask about any warranty that is left on the car, and potentially purchase any additional warranty that is available to protect you during the life of the loan.
Take the Car for a Test Drive
When you take a used car for a test drive, you'll want to make sure everything in the car works before you purchase it. Check the air conditioning, even if you're testing the car out in the middle of winter. If the car has smart technology, check to see how the radio works and that any backup cameras work properly. While these are things you probably won't need to check on a new car, a used car is different. While the place you buy your used car from may fix these problems for you if they are discovered later, it's best to know ahead of time.
Finance for as Short of Term as Possible
While a six or even seven year car loan may significantly reduce your payments, you may want to consider financing a used car for a shorter term. This will make the overall price you pay for the car lower, and you'll be finished with your car payments earlier. Even though your used car is in excellent shape now, financing for too long can be a mistake.
Know What You are Looking For
If you know what kind of car you love, don't be afraid to find one that is used. Know what you are willing to pay for a monthly payment, and what you want in accessories. While you may not get every accessory you want, you'll be able to afford more than if you bought the car new. Don't be afraid to wait a bit for a car that is exactly what you want, as you may regret purchasing a car that you aren't sure is perfect for you.
For more information, visit a business like North Lake Automotive.
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