Buying a Used Car

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Whether you’re 16 or 60, buying a used car can be an exciting experience. But it can also be a big financial commitment, with some industry reports estimating that the average price of a used car is close to $20,000. A new consumer.gov article gives you tips for buying a used car, written in a plain and simple style that cuts to the chase.

row of parked cars

If you’re in the market for a used car, first determine your needs, then set a budget — this budget worksheet can help. Next, decide how you’ll pay for it. If you have to borrow money from a lender, it’s a good idea to get pre-approved before you start car shopping.

You may be wondering if used cars come with a warranty and what the difference is between a manufacturer’s warranty and an extended warranty. The article explains all that, in plain and simple language. It also tells you:

  • what a Buyer’s Guide is and what important information it gives you about the vehicle for sale.
  • what to do if you find a car you like — things like getting a vehicle history report, asking about open safety recalls, and hiring a mechanic to inspect the car.
  • how to avoid a problem with dealer financing.

So cruise on over to consumer.gov, check out Buying a Used Car, and tell us what you think.

Blog Topics: 
Money & Credit

Comments

"Buying a Used Car" has a lot of useful easy to understand car shopping information I wish I would have had when I was in my 20s and 30s (I'm 60).

Looking back in life, I made some incredibly stupid deals with car dealerships. I once bought a new Vega station wagon. less than 3 years later, my then spouse talked me into trading it in for a sports car. I had no idea Car dealers took advantage of consumers back in the 1970s. I traded in my near new car for the amount still owed to GM; about $800 of the original $3,600 new.

Parents; please teach your children about the real world better than mine did.

signed, a lot more educated now

If you got that Vega gone you did very good. The car dealers are called dealers you know they will do you fine, Don't worry about the money

A so called History Report is a waste of time , It needs to be gone over by someone that knows what to look for Not some silly paper work

I don’t think I would ever buy a car without seeing it in person first. Thank you for your information! If I ever do need to get one online, I will make sure to check shipping prices and for the right documentation.

Before buying any used car, take a test drive it will help you to know good and bad thing in the car.

it is good site

Buying a used car, take the test drive before you think to buy. If you are car expert then you will know the pros and cons of the car.

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