| Buying a used car is a bit trickier than | | | | buyer that has secured financing. |
| buying a new car although you can follow most | | | | |
| of the same guidelines for both. | | | | Used car loans often require a slightly |
| | | | higher rate, usually .6 or more, than new car |
| 1. Research the Used Car | | | | loans. However, rates vary widely between |
| | | | lending companies, so it pays to shop around. |
| There is a wealth of information online. | | | | Processing your loan before your car purchase |
| Check the car manufacturers web site, | | | | relieves you from the pressure of signing |
| consumer reports and the web site. Know the | | | | with the first lender you find. It also saves |
| approximate value of the car before you head | | | | you money in lower rates. |
| out to the dealer. | | | | |
| | | | 3. Enjoy Yourself and Buy Something that You |
| If you are buying from a private seller ask | | | | Love |
| to see service records. Go online and order a | | | | |
| carfax car history report. Find out if the | | | | Cars are an expensive purchase and chances |
| car will be sold "as is" or already state | | | | are you will be financing the purchase. So |
| inspected. When you are serious about a used | | | | one of the most important tips is to purchase |
| car make sure that you have time to take the | | | | a car that you really love, because after |
| car to your mechanic for him to give the car | | | | seeing that car payment come due month after |
| the once over, especially if it's being sold | | | | month it becomes a lot easier to face if you |
| "as is". You don't need to find out after the | | | | are paying for a car that you love. |
| fact that it needs many more repairs than you | | | | |
| thought. You can't tell just by a visual | | | | Cars are an expensive purchase. Many people |
| inspection. | | | | go for secondhand or used cars, especially |
| | | | when buying an additional car. Today, the |
| 2. Arrange for a Used Car loan | | | | used car market is three times bigger than |
| | | | the new car market. There are several |
| Get financing first, then car shop | | | | advantages to buying a used car: lower price, |
| | | | more choices, the option of certified |
| Pre-approved auto loans have a number of | | | | pre-owned programs (CPO), lower depreciation, |
| advantages. First, you find out how much you | | | | lower insurance, and availability of "almost |
| qualify to borrow before you get stuck in a | | | | new" cars for a lower price. So make the |
| contract. You can also play around with loan | | | | purchase wisely and enjoy your new used car. |
| terms to find a reasonable monthly payment. | | | | For more Used Car Buying Tips visit |
| And sellers are eager to close a deal with a | | | | UsedCarsAtlanta. |