There is no surefire way to ensure a defect-free used car. However, you can take steps to reduce your risk and get the best deal.
Make and stick to a budget.
Examine your budget to see how much you can afford to spend monthly on a car loan. According to experts, the overall vehicle cost, including the monthly payment, insurance, and maintenance, should not exceed 25% of your net (or take-home) pay.
Explore vehicles that meet your requirements.
Now that you’ve determined your ideal purchase price, look for safe and dependable models that fit your needs and budget. Make a list of your top five choices and narrow it down based on the Insurance Institute for Highway Safety’s reviews and safety ratings.
Pre-Qualify for a Loan.
Before going to the dealership or looking for a vehicle online, pre-qualify for an auto loan at our North Jackson, OH dealership.
Walking into the dealership as a pre-qualified buyer shows the salesperson that you are serious, giving you more negotiating power over the vehicle’s sale price.
Take a look around.
Conduct a quick online search to find available inventory for the vehicle you want to buy. Check out the dealerships, private owners, or car rental companies’ offers.
After a test drive, fully research the vehicle.
Check out the vehicle history reports for your top picks. If the vehicle is from a private seller, you can use the VIN to obtain this information from Carfax or AutoCheck. Otherwise, the vehicle history should be readily available for review at the dealership.
Make the purchase.
The final step is to close the deal, but you should negotiate a fair purchase price that benefits both parties. If you’re financing the vehicle, focus on the purchase price rather than the monthly payment to avoid becoming trapped in a long-term loan that will cost you more in interest over time.