What to look for when buying a used car?

Look for a vehicle in your price range and has good consumer and expert reviews from a trusted website like <a href="https://www.kbb.com/car-finder/" target="_blank">Kelley Blue Book</a> or <a href="https://www.consumerreports.org/buying-a-car/car-buying-guide/" target="_blank">Consumer Reports</a>. Having a comprehensive understanding of your budget, current and future needs and the market landscape will help you make the best decision for your family. Also, try to anticipate unexpected costs. For example, if you live in a snowy region with mountains, you’d want to consider an all-wheel-drive vehicle. Keep in mind that vehicles like SUVs tend to be more expensive, and you should replace all tires of your all-wheel-drive vehicle at the same time. Luxury vehicles require premium fuel and synthetic, higher-cost oil changes.

Does mileage matter for a used car?

Generally, <a href="https://www.autotrader.com/car-news/buying-used-car-does-mileage-matter-225207" target="_blank">the lower the mileage</a> on the car, the longer you can expect to drive it. It depends on how the previous owner maintained the car and the vehicle’s condition and age. Take into account all the factors together when considering a vehicle purchase. A newer car could be a better option with a little higher mileage, especially if the previous owner barely drove the older car you are looking to purchase. Cars typically need regular driving to maintain the various drivetrain components.

Should I buy an extended warranty on a used car?

Purchasing an extended warranty offers the best of both worlds when it comes to car shopping because you get the warranty that typically only comes with new cars and the lower price of a used car. According to Kelley Blue Book, certified pre-owned (CPO) cars may be the way to go since these cars go “through rigorous examination by a dealership and must meet certain parameters such as mileage, age and condition.” They also have warranties that could be better than a new vehicle, as they are serviced, detailed and checked to make sure they perform similar to a new car.

What is the cheapest way to buy a used car?

The cheapest way to buy a used car is typically through a private-party seller. But the cheapest route may not be the best option. If you’re buying from a private-party seller, you’ll want to inquire about maintenance records, the title and any liens against the vehicle. You’ll also want to get the vehicle checked out by your mechanic.

What certifications do I need?

<a href="https://www.consumer.ftc.gov/articles/0054-auto-service-contracts-and-warranties" target="_blank">According to the Federal Trade Commission</a> (FTC), used cars sold at dealerships must disclose whether the car is being sold as-is without a warranty or with a warranty. Certified pre-owned (CPO) vehicles are likely your best bet as they’ve been serviced and detailed, and they are backed by a warranty.

Should I buy from a dealership or an independent seller?

It may be a little more expensive to buy from a dealership than purchasing from an independent seller. But there may be less risk associated with the sale. You’ll also likely be able to purchase an extended warranty from a dealership. Do some research and consider what you’re looking for in your next car to make the best decision for you and your budget.

How much will a dealership come down on the price of a used car?

Consider the time of year, as you’ll get the best deals at the end of a quarter or year. Think of the negotiation as several rounds of offers and counteroffers. If you prefer to bargain for your car, you can end up with a much better deal than you would have otherwise. If you’re paying cash, you can ask for an “out-the-door” price.

What do I need to know when buying a used car from a dealer?

Make sure to read the fine print and review any line items in your contract in case the dealer tried to tack on additional items to the price that you didn’t agree to, such as a service contract or extended warranty. Give your business to the dealer who treats you well and offers a good deal.

What should I do if the vehicle is not what was advertised?

Walk away. If the seller or dealership is lying, it’s in bad faith, and you should take your business elsewhere.

Ultimate Guide to Purchasing a Used Car

Name: Ultimate Guide to Purchasing a Used Car
Item: Ultimate Guide to Purchasing a Used Car
Author: Laura Longero

ByLaura Longero

Contributions by4 experts

ByLaura Longero

Contributions by4 experts

Updated: March 1, 2024

Advertising & Editorial Disclosure

About Laura Longero

Laura Longero is an award-winning writer, content strategist, and communications leader with 15 years of experience in journalism, public relations and marketing for start-ups to global companies. A gifted storyteller, she leads creative teams to produce targeted, high-quality content.

Highly organized and detail-oriented with a bias for action, she has a strong sense of urgency in driving projects to completion and enjoys creating order from chaos. Laura possesses exceptional experience in building and leading teams – with a keen eye for strong talent, especially in cultivating future leaders.

sources

Autotrader.com. "Buying a Used Car: Does Mileage Matter." Accessed December 21, 2020.
Black Book. "Black Book-Fitch Ratings – Vehicle Depreciation Report 2019." Accessed December 30, 2020.
Consumer Reports. "How to Test-Drive a New Car Like an Old Pro." Accessed December 21, 2020.
Cox Automotive. "Everything About 2020 Is Different, Including Year-End Deals." Accessed December 20, 2020.
Edmunds. "2019 Used Vehicle Report." Accessed December 20, 2020.
Federal Trade Commission. "Auto Service Contracts and Warranties." Accessed December 21, 2020.
Internal Revenue Service. "Publication 463 (2019), Travel, Gift, and Car Expenses." Accessed December 30, 2020.
Kelley Blue Book. "How to Buy a Used Car in 10 Steps." Accessed December 20, 2020.