How to Get the Most Out of a Used Car
When you shop for a vehicle, you have to make one major choice -- new, or used? The decision to buy a used car, unless you are a collector of classics, is almost always about saving money, and getting more bang for your buck. So how do you find a great pre-owned vehicle that won't cost you more in the long run on repairs?
The Right Price
Before you even start looking for a car, first determine how much you have in your budget. A general rule is to never commit to car payments that are more than 20 percent of your income. If possible, go lower to make room for "surprise" expenses, like fuel, insurance, and repairs.
If you are taking out a loan, be aware that APR will be higher for a used car. Fortunately, used cars cost significantly less overall than new cars, meaning that while the rate is higher, the total interest you pay will likely still be less than what you would pay if you were buying new. That is the advantage of bargain used cars under $15,000 for people building credit, or repairing a damaged credit history.
Reliability at Your Price Point
Once you know your budgeted price range, it's time to start narrowing down a list of models. At Hyman Brothers Automobiles, we sell used cars of all makes, models, and years, giving you a lot to choose from.
Brands like Toyota, Subaru, and Honda are popular with used shoppers because of their reputation for reliability. The disadvantage is that they also cost more. Used vehicles of other brands, like Nissan, Kia, and Hyundai can also be highly reliable, and any increase in repair costs may be offset by a lower initial price.
Sound History
Use the provided vehicle history reports by AutoCheck and CARFAX to learn more about factors that will influence your vehicle's reliability. Vehicle history reports will reveal whether a vehicle was kept on a proper maintenance schedule, any accidents, fleet or taxi use, fire or storm damage, and more.
Finally, use your test drive to the fullest. Check for rust, excessive wear-and-tear, and any burning smells. Test braking power, and listen for brake squeal. Note if any check engine lights are on, and make sure all headlights, brake lights, and turn indicators are working. The best way to ensure you are getting a dependable car is by inspecting it yourself, or having a professional look it over.