What To Know Before Buying A Used Car 〈Recent • Checklist〉
Aim for a 20% down payment, a three-year financing term, and total car expenses (including insurance) that equal 8% or less of your monthly income.
Knowledge is your best leverage during a used car transaction. what to know before buying a used car
Use the Kelley Blue Book to find the fair market value so you don't overpay. 3. DIY Physical Inspection Aim for a 20% down payment, a three-year
Set aside approximately $1,000 for immediate repairs, as many previous owners defer maintenance right before selling. 2. Research and Verification 000 for immediate repairs
Use the Vehicle Identification Number (VIN) on sites like Carfax or AutoCheck to view accident history, title status (avoid "Salvage" or "Rebuilt" titles), and service records.
Research specific models on Consumer Reports or Edmunds to find known failure points (e.g., specific engine or transmission problems for certain years).
Perform these checks during daylight to spot potential red flags.