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