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