
The following steps will tell you how to locate, price and negotiate to buy the used car you want. If you still don't know what car to buy, read 10 Steps to Finding the Right Car for You and then come back after you have decided.
Step 1: Starting out -- Why buy used?
If you've decided to buy a used car, you've already made a smart decision. You can get a car that's almost as good as a brand-new one without paying for the depreciation that wallops new car buyers as soon as they drive the car off the lot. Even cars that are only a year old are 20-30 percent cheaper than brand-new cars.
But there are other good reasons to buy a used car:
- You'll save money on insurance.
- Bigger bargains are possible for the smart used car shopper.
- Used cars are more reliable today than ever before.
- Some used cars are still under the factory warranty.
- Most new carmakers now sell certified used cars, which include warranties.
- The history of a used car can easily be traced using the vehicle identification number (VIN).
- If you buy from a private party, the negotiation process is less stressful.