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If you are searching for the perfect used car, but do not have the time to go all over town to find the car you want, you can turn on your computer and find many resources for used cars.
Today, you can find used car dealerships, classified ads for used cars, and even in some cases find used cars online at auctions. However, there are a few things you need to take into consideration before you purchase a used car online.
Step 1: Know what you want
Before you begin your search, you should prepare a list of the make and model of cars you would consider, I recommend Automotive.com to help with your research.
Along with this list, you should include any options that are important to you. Remember, you are searching for a used car some may have problems (large and/or small).
Know what you expect and how much you are willing to spend for repairs. You should also take a moment and look at how much a warranty on that car will cost, try Smart Auto Warranty .
A basic rule is if your buying a used car then a warranty should be one of your payment considerations. You should also check out the Kelly Blue Book to learn what the car is worth before you let your emotions take over.
You may have an idea of how much you are willing to spend on a used car, however, you should also consider that if you do not have cash up front to pay off the vehicle you may be looking at monthly payments, especially if you wind up purchasing from a car dealership.
Sit down and figure out how much you are willing to pay monthly without causing you any type of financial stress. Now, stick to your guns, do not allow the monthly payments go over this amount.
If you know you are going to need financing in order to purchase the used car you have in mind, then it would be in your best interest to shop online for a car loan.
The internet has made it quite easy to compare different loan companies, their interest rates, and calculate how much your monthly payments will be. Be sure to take the time to learn what is on your credit report before applying for a loan.
This is one thing that can make or break how much you will have to pay in interest. This does not mean you cannot get a loan if you have bad credit, it just means that you will be paying more in interest than a person with excellent credit.
You Need to Know Your Credit Score! You don't know if your getting a good interest rate if you don't know your credit visit these sites to find out where you stand:
- If your score is 630 or above I recommend: E-Loan
- If your score is less than 630 get your best rate at: Driver Loans
If you know what make, model, and options you want and you have pre-qualified for a loan you have the ammunition you need to purchase a used car online.
Search all the websites that offer used cars on your list. Do not just jump on the first one you find, you may learn later that you could have saved hundreds of dollars if you had searched a bit longer.
Most of the time you will be able to contact the person or dealership that is selling the vehicle either through email, contact form on the website, or over the telephone to ask questions regarding the car.
Now, that you have found the used car of your dreams, you can go in person, test-drive the car, and then talk about price. Keep emotion out of the way.
Car salespersons can see how much you want the car and this will give them the edge. Remember to stick to your affordable amount and you will be driving home in the car without any hassles since most of the work was done at home on your computer.
By following this simple procedure you can actually save quite a bit because you become an educated buyer that knows what you want and are not ruled by your buying emotions.
Of course, you could also Let me do the work for you and save yourself a bunch of time and trouble. Take a look at the steps I take to protect your from paying to much and get you the Best Car Quote.
Have a Question?My Advice is ALWAYS Free!
Please note at some point I may put up a question and answers section and use the question you send me on that page. If you want to ask a question and do not want it posted someday please tell me that in the email.
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