Listeners to our MoneyWise radio program often ask us about the best way to buy a used car. How much should they pay? How can they be sure that it’s in good running order and won’t have any major problems?
There are 5 things to remember when making a used car purchase:
First, do your homework and decide on the make and model of cars that will meet your needs. For example, a family of six is going to need a very different vehicle than a single person.
Second, visit www.Edmunds.com to get a good idea of the sales prices of the used cars that you’re considering.
Then, Google the make and models of these cars with the word “problem”, and you’ll soon see if there are recurring problems with any of the cars.
Next, remember to check out some online reviews on the dealership from whom you are considering buying the vehicle. Small used car dealerships often get their inventory from car auctions. These vehicles may appear to be in good running condition, but may also have costly problems that you will be dealing with after purchasing the car and driving it off the lot.
Which brings me to my last point……..before you pay for a car, have a reliable mechanic check it out for problems. This is super important! That’s why we are so thankful for our auto mechanic, Slim. He’s been repairing our type of car for more than two decades and . . . Slim is really HONEST! I’d never consider buying a used car without Slim going over it carefully and giving me the thumbs up to go ahead and purchase it.
And if you don’t know an auto mechanic like Slim, ask the Lord to help you find just the right one. Then ask your friends and neighbors for recommendations until you find a mechanic that you feel is fair and credible.
Following these simple guidelines will help ensure you a positive experience when looking to purchase a used car!