NAVIGATION
Introduction
Step 1: Starting out.
Step 2: Locating the right used car.
Step 3: Used car bargains.
Step 4: Research your prospective used car.
Step 5: How much can you afford?
Step 6: Set up financing for your used car.
Step 7: Used car markets.
Step 8: Test driving a used car.
Step 9: Negotiating for a used car.
Step 10: Closing the deal.
Checklist



Buying Tips

10 Steps to Buying a Used Car

Checklist
By Philip Reed, Senior Consumer Advice Editor
Email

  • Choose the right vehicle for you by making sure the car suits your needs.


  • Consider all cars in the class you have chosen (compact sedan, SUV, station wagon, etc.)
  • .

  • Look up the car on Edmunds.com and check its reliability and consumer reviews.


  • Check the Edmunds.com TMV price on the car you want to buy (adjusted for mileage, options, color and region).


  • Decide how much you have to spend on your new car purchase: down payment, monthly payment and purchase price.


  • Decide how you are going to finance your car. If you are going through a bank, on-line lender or credit union, obtain loan approval before you start shopping.


  • Using the Internet, and Edmunds Used Vehicle Listings, search for the used car you've decided to buy.


  • Call the seller and verify the pertinent information. Get the VIN. Run a Carfax report on the car.


  • Test drive the car under your normal driving conditions. Take the car to a mechanic if it is not certified by the manufacturer or covered by a comprehensive warranty.


  • Negotiate your best deal.


  • Read the contract carefully before signing and always make sure you get a clean title.


  • Look up the Edmunds.com Cost to Own for the car you want to buy.


  • If you are financing the car, use the payment calculators to determine the monthly payment for the car you want to buy.


  • Contact the Internet department and simultaneously solicit quotes from multiple dealers.


  • If you are trading in your old car, check its Edmunds.com True Market Value and print out this information.


  • Once you've reached a good price, ask the salesperson to fax you a worksheet showing all the prices, taxes and fees.


  • Bring your worksheet with you to the dealership so you can compare these numbers to the figures on the contract.


  • Inspect the car for dents, dings and scratches before taking final delivery.


Advertisement

Advertisement





    More Buying Articles
Passat
10 Steps to Buying a New Car
The following steps will tell you how to locate, price and negotiate to buy the car you want.
Quality Pre-Owned Vehicles
10 Steps to Buying a Used Car
The following steps will tell you how to locate, price and negotiate to buy the used car you want.
Cars
10 Steps to Finding the Right Car for You
The following steps are devoted to helping you select, price, locate and test drive the vehicle that is best for you.

Confessions of a Car Salesman
What happens when a veteran automotive writer goes undercover as a car salesman? We sent our own Chandler Phillips to work at two Southern California dealerships and he came back to tell about it.
Used Cars
How to Get a Used Car Bargain Part One
In the second part of this series, we'll discuss Steps 3 and 4: how to locate your target cars and how to test drive and evaluate them.