Buying a used car can feel intimidating, but it doesn’t have to be that way. Car buying in the age of the internet is significantly easier than in the past; and armed with a little bit of knowledge on how to confidently buy a car, you can help ensure that you get the best used car for your money.
Here are a few car-buying tips that can help make the process a breeze:
Find a Reputable Dealer
When buying used cars, it’s important to have a certain level of trust with the car dealer you’re working with. Look online, but also ask friends and coworkers. This can be the best way to make sure you’re working with an honest, reputable dealer. Check that they have positive online reviews and a respectable online presence. Once you’ve done some research, pay them a visit. There should be no pressure when buying a used car and the dealer [...]
Financing a car may seem daunting at first, but with a little bit of knowledge (and maybe an auto loan calculator), you’ll have the upper hand when financing your next new or used car. Whether you’re looking to finance direct with a lender or through a dealership, these tips will help you find the best auto financing possible.
Tip #1: Know What You Can Afford
The first step when thinking about auto financing is knowing what kind of down payment and monthly payment you can afford. Make use of an auto loan calculator, like the one on the right-hand side of this page, to see how different factors impact your monthly payment amount. Start by entering the estimated vehicle price, your down payment, trade amount and term. Next, you’ll see an estimated monthly payment, total cost and amortization schedule. Most auto loan calculators will output your estimated payments at current rates assuming you have a “good” [...]