Purchasing a used vehicle that’s new-to-you can be just as satisfying as buying brand new. Here are a few tips to help you find and purchase a used vehicle that’s right for you.
- Be sure to check the mileage and maintenance records. Once most cars and trucks roll over the 100,000-mile mark, the chances of increased maintenance and repair costs may rise dramatically.
- Beware of newer cars with unusually high mileage. While buying a former rental car may seem attractive, high mileage nearly always translates into costly repairs.
- Look into an extended warranty or simply set up a savings account that you can tap into whenever your vehicle needs service and repairs.
- Weigh the value of initial cost versus long-term cost. Sometimes a slightly more expensive car with fewer miles can save you thousands in out-of-pocket costs down the road.
- Use NADA to establish the true value of the vehicle you want so you don’t wind up paying more than you should.
As with any major purchase, you’ll be miles ahead if you get your loan pre-approved, establish your budget, and determine the true value of the vehicle you want. As always, we are here to help!
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