How to Buy a Used Car

Buying a used car can be a stressful process, especially since you can encounter a lack of information during the used car buying process. The following is a "how-to" guide when thinking about buying a used car.

"How To Buy a Used Car" Hint #1: Research, research, research. If you are thinking about buying a used car, it is critical that you complete your homework before actually even looking at a car. Used car prices can vary and you need to be informed on what the fair value of the car is, depending upon whether you plan to buy from a dealership or from a private owner. First, consult web sites like Kelley's Blue Book or Edmunds in order to find the suggested retail value for the used car that you are considering.

The next part of your research is looking in the newspaper and on-line in your area to see how these prices compare with the suggested retail value. The interesting thing here is that the price that is advertised in the newspaper and at the dealership can be significantly different from that found online. When recently looking for a used car, we found that dealerships often keep two separate price books - one for online advertising and one for those who come into the dealership without first looking online. The difference between these prices was between a few hundred and a few thousand dollars, so make sure to look online before visiting the dealership to make sure that you are getting the best deal possible.