In today’s tight economy it makes dollars and cents to buy used car rather than a new car. For one thing can you afford a new car payment? New car smell is nice but it costs a lot more money for that smell. These days there are many good used cars available. You want to decide if you want to buy from a car dealer or private party. And of course buy the best car for your needs. Cars are for transportation nothing more. Leave your emotion at home when you are out looking for the right vehicle.

And new cars do not go up in value. Once you buy it and own it expect about a thirty percent drop in value. Of course you still owe one hundred percent of what you contracted to pay for it.

Insurance premiums are also higher for new cars than for used cars in most cases. Plus if you find a used car with less than twelve thousand miles or less than thirty six months old it will still be under warranty. At least most American cars have these warranty numbers.

So if you find a used car in this range you will be able to have the basic parts covered as well with the labor costs. If you buy your used car from a dealer and the salesman offers to sell you an extended warranty give this some thought. If he offers to make it part of your financing realize that you will pay interest on the extended warranty based on the interest you are paying for the auto loan if you are financing the purchase of your car.

Do your research. Find out what breaks down on your car. If there is a problem with a major part of your car you want to know if the extended warranty will cover that part and repair cost. If your car has few problems according to your models history, you might not need an extended warranty. But make an informed decision.

If you are buying a used car you want to make sure you have a trained licensed mechanic look at it before buying it. A mechanic will find problems you cannot or even know about. For instance a torn CV boot can cost about $350 to replace. The cost is in the labor charge. It is found around the wheel. If it is torn it will cause the front end to shake when you brake from high speeds.

This does not mean do not buy the used car, but you will want to negotiate with the private seller to cover the repair cost. Or you can ask him to repair them before you buy at his price. This is one example of why you need a licensed mechanic to look the car over. He knows what to look for.

Do not forget you buy the used car as is in most jurisdictions. You have no legal remedy if you buy a used car and something breaks down with it. A new car might not now be in your price ranges however know how to buy used car so that you do not regret it later.

Tags: Auto Tips

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