A Guide: Buying or Leasing A Car

Buying A Used Car

Many people opt to buy a used car rather than a new one. Below you will find some tips that will help you as you move through the process of buying a used car.

Tips:

• Check the NADA Official Used Car Guide value for the car.
  
  
• Compare that value against the asking price.
  
  
• Make sure you know the condition of the car before you start making offers. Get permission to take the car to an independent mechanic for a checkup. This should take about 20 minutes, and cost you around $30.00. Well worth the time and money to gain the piece of mind.
  
  
• Make an offer that fits your budget and is fair. Do not try to greatly undervalue the car.
  
  
• If the offer is not accepted, ask for a counteroffer. If it is too high, point out any problems with the car.
  
  
• Make a second offer. Your second offer should be the counteroffer minus the cost of fixing any problems with the car. Try to be fair.
  
  
• Continue until you reach an agreement or a stalemate.
  
  
• Make sure any liens (financial claims) against the car, such as bank loans, are marked as "satisfied" before your purchase.
  
  
• If you can come to an agreement, pay with a money order or cash. Fill out the title and other state forms. Be sure to leave with the title signed as stated on the directions.
  
  
• Transfer title of the car to your name with your state's motor vehicle department.
  
  
• Make sure you receive a clear title of certificate, a document issued by the state motor vehicle department to indicate ownership of the car.