Thursday, July 11th, 2013 | Author:

For a buyer looking for a good deal, a used car can be a great alternative to a newer vehicle. While shopping for used cars in New York City can be an intimidating process, doing your research and following these simple tips can take the stress out of the process.

Decide on Your Budget

Decide how much you can spend on the car and stick to your budget. Keep in mind such additional expenses as taxes, registration, and insurance, among others. Generally, these types of costs add up to about 10% of the car’s value. For this reason, do not go for the car the price of which is at the higher end of your budget. It is always good to leave room for any additional expenses that the car purchase will involve.

Figure Out Your Payment Options

When setting aside your budget, you should decide whether you will be paying the entire amount up front or going with one of the financing options available to you. If you are going to finance your purchase over time, make sure you can make the payment comfortably every month, taking into consideration the interest rate. You can get financing through the dealership where you buy your used car or through a third party, such as a bank or a credit union. It’s always a good idea to shop around for the best interest rate you can get on your loan.

Decide on the Right Car

Once you know how much you can afford to spend on your car, the next step is to make a list of the features you need and want the vehicle to have. First of all, decide what things you cannot do without. This can include good gas mileage, sufficient amount of space to fit your family, compact size for easy parking, or ability to go off road. After your priorities are set, you can make an additional list, putting down the feature you would like the car to have, but which you can do without if the cost is too high. These can include the color, body style, sound system, and other optional features. When shopping for used cars in New York City, consult both lists, using the first one as your main guide.

Tags: Category: Automotive
You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses

  1. Thanks for providing perfect guidance for buying an used car. People must choose the car based on their fixed budget and they must also find out the details of the previous owners of the car. Further they must analyse the complete maintenance history documents of the vehicle. And must check for the internal and external damage of the vehicle. Finally one must undergo test drive in the vehicle to find the condition of used cars.

  2. 2

    I cannot agree with you more. These guidelines are pretty simple but is of convenience and will provide satisfaction in the future with regards to buying a used vehicle. Considering to buying a used car can be as meticulous as buying a brand new one.