11 questions to ask when buying a used car

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11 questions to ask when buying a used car
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Buying a used car can be a stressful experience, but if you plan ahead, you can get some great deals.

In particular, don't overlook certified pre-owned vehicles or gently used luxury brands.But perhaps the most important knowledge is self-knowledge. Know what type of vehicle you want before you get started, understand your budget, and determine whether you know enough about cars to cut a deal with a private seller — and not end up with a lemon.

Cars that have passed the 100K milestone are also apt to need major repairs, such as timing-belt replacements. Additionally, they could have small parts that are starting to wear out from age. If you're shopping at dealerships for a used car, you'll usually get a gratis look at the report, or can ask for it. In my experience, the report is less valuable as a review of a car's history than it is as a means of finding out if a car you're interested in has major problems.If you plan to buy the car outright from a private seller, then you need to determine what your lump-sum limit is.

Keep your range narrow; if you're realistic, you should be able to find something that you'll be happy with. Otherwise ... well, going this route is a lot of work. You need to prepare yourself for what could be months of searching. The process can be fun. But patience is you ally here. If you just want a car that isn't new, then it's better to go to a dealer.If the dealer leased the car and is selling it as a CPO, they should have the full maintenance history. If the dealer isn't selling CPO and perhaps got the car as a trade-in, they might have records if the previous owner provided them.

You should also know where you sit on the credit spectrum before you undertake the financing process: a"prime" credit score above 620 on the FICO gets you better rates, but a"subprime" score shouldn't disqualify you.

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