8 Steps to Buying a Used Car

Buying a used car can be a great money saver over buying new, but it’s important to do your homework before committing. Here are 8 helpful tips to keep in mind as you cruise the lots and surf the internet looking for bargains.

1. Crunch the numbers – How much car can you afford?
2. Research – Find used cars for sale in dealerships or through private sellers on Craigslist. Get a vehicle history report on each car from Carfax.com.
3. Create a target list – After researching, narrow down your choices to three model cars.
4. Contact the seller – Ask if the car is still available and confirm the posted information about the vehicle is correct. Set up an appointment for a test drive.
5. Test-drive – As you do, note any details like legroom, acceleration, sounds and visibility.
6. Have it inspected – This can save you loads of aggravation and money down the line.
7. Negotiate – Make an opening offer based on the average price for the car you wish to buy.
8. Make it official – Ensure the title and registration are officially transferred to you.

Ideal CU can make financing your next vehicle quick and convenient with 24/7 online loan application and competitive rates. Keep us in mind when it’s time to finance your next ride.