: Obtain a loan pre-approval from a bank or credit union before visiting a dealer. Dealers often mark up interest rates on used car loans.
: Always get a vehicle history report from CARFAX or AutoCheck using the Vehicle Identification Number (VIN). Look for major accidents, title issues (like "salvage" or "flood" titles), and consistent maintenance records. Buying a Used Car - Consumer and Business Affairs how does buying a used car work
: Use tools like Kelley Blue Book or Edmunds to find the fair market value for the specific model and mileage. 2. Sourcing and Initial Screening Dealership vs. Private Seller : : Obtain a loan pre-approval from a bank
Buying a used car involves a multi-step process that balances financial preparation, rigorous mechanical inspection, and legal documentation. Whether purchasing from a dealership or a private seller, the goal is to verify the vehicle's true condition and value before signing a contract. 1. Financial Preparation Look for major accidents, title issues (like "salvage"