How to Save Money when Shopping for a Used Car

Buying a used car can be a great way to save money. Used cars can often be purchased for huge discounts and in conditions similar to new cars. Prepare ahead and practice these tips when shopping for a reliable used car.

Instructions

1

Determine what is affordable to spend, car features, gas mileage and regular maintenance fees. Work out a budget detailing how much you are able to spend monthly in the upkeep of your car.

2

Used cars bought from dealerships and financial institutes are regulated by The Federal Trade Commission. A buyer's guide is included for every car. Know the total purchase price for the car, length of warranty and any problems with the car before signing off on the deal.

3

Used cars are often offered for sale by individuals online, and in classified ads. These cars can offer huge savings over cars purchased at a dealer.

4

Check out the car yourself. Obtain a used car inspection checklist. Look for signs of previous accidents, water damage and oil leakage. Test drive the car to see how it handles under different road conditions.

5

Hire a mechanic. A qualified mechanic should be able to complete a full inspection of the vehicle. Ask about any repairs the car may need and the estimated price.

6

Paying in cash is usually cheaper than financing a used car. Financing however allows for payment of the car over time and is manageable for many buyers. Compare offers and negotiate to find the best deals.