If you’re in the market for a car, a used model is likely more affordable than a new one. There’s also more variety in the pre-owned marketplace than there is with new cars, making it easy to find a make and model you like. Buying used also helps avoid a lot of the extra costs associated with a firsthand purchase, such as financing and options.
With the advent of online appraisal tools, it’s easier than ever to compare used car prices. However, multiple sources of used car pricing mean listed values can differ. Most buyers use one of two main valuation tools: Kelley Blue Book and Black Book. Some dealers also have their own internal valuation tool.
It’s important to narrow down your list of used cars for sale by focusing on models that have a history of reliability. As a general rule, the older the vehicle, the more expensive it is to maintain.
You can also hone in on specific model years, which may provide the best value depending on how much depreciation has occurred since they were new. It’s worth keeping in mind that many newer models are still under warranty, and a service plan can offset some of the cost of maintenance.
Once you’ve narrowed down your choices, it’s time to take them out for a spin. During the test drive, pay attention to things like whether the steering wheel vibrates or shakes and how well the brakes work. Also make sure the transmission shifts smoothly. If you need financing, get approved at a bank or credit union before going to the dealership so you know what kind of payment you can afford. used cars for sale