You’re planning to buy a car, but your money and credit rating could only afford you a second one vehicle. How do you make sure that you get a good used car? Here are the five basic steps to take in buying a used car.
Step 1: Know what you can afford.
As a general guide, you should make sure that the car’s monthly payment does not exceed 20% of your monthly earnings. If it does, then it’s simply not what you should buy. How much can you really afford? Be honest in determining the budget that you have, so you won’t end up buying something you cannot pay for. You may like a car so much, but if it doesn’t fit your budget, it’s not worth it.
Step 2: Make your own list of cars that you really want.
To save money, buying a used vehicle is one of your options. However, this doesn’t mean you cannot choose the car model that you want. So before you go out there hunting for the right vehicle, make sure that you have a list of models you are looking for. This will help you cut down the list of options and focus your eyes only on the models that you really want to buy.
Step 3: Read the reviews.
To see if the car fits the budget you have set and your needs as well, then you should read reviews about the vehicle. Although you’ll be buying a used one, knowing the basics about the car model will help you decide whether it’s the right fit for your needs and your budget.
Step 4: Locate used car shops in your area.
Finding the right vehicle begins in finding the right shop to trust for it. You can filter your search by distance from where you live or work, the prices and the cars they feature. There are many places to shop for used cars, you just have to find one that you can trust.
Step 5: Be firm about your decision.
Buying a used vehicle may not be your idea of how you would want to have your first car, but it may be the only option you have at this point. Be firm about your decision to buy a second-hand vehicle. As long as you keep your standards high and you know what you want and how much you can afford, a second hand vehicle is as good as a brand new one.