Buying and owning an automobile for most all of us, is a life-long experience. The purchase cost, especially for a new car, may be second only to a home purchase or college tuition in size. Buying a used car is fraught with it’s own set of hidden pitfalls. And whether new or used, auto ownership will involve maintenance & repair questions, warranty issues, and eventually questions about trade-in value.
This is our second in a series on purchasing owning and automobile. The first article can be seen here, Buying a New Car. Content for both articles is taken from the FTC Consumer Information web site, Buying and Owning a Car. Future articles will cover Warranties, Service Contracts, Renting a Car, Repair & Maintenance, and Purchase vs. Lease.
Before You Buy a Used Car
“Before you start shopping for a used car, do some homework. It may save you serious money. Consider your driving habits, what the car will be used for, and your budget. Research models, options, costs, repair records, safety tests, and mileage — online and through libraries and book stores.” FTC Buying a Used Car