| If you are searching for the perfect used car, but | | | | If you know you are going to need financing in |
| do not have the time to go all over town to find | | | | order to purchase the used car you have in mind, |
| the car you want, you can turn on your | | | | then it would be in your best interest to shop |
| computer and find many resources for used cars. | | | | online for a car loan. The internet has made it |
| Today, you can find used car dealerships, | | | | quite easy to compare different loan companies, |
| classified ads for used cars, and even in some | | | | their interest rates, and calculate how much your |
| cases find used cars online at auctions. However, | | | | monthly payments will be. Be sure to take the |
| there are a few things you need to take into | | | | time to learn what is on your credit report before |
| consideration before you purchase a used car | | | | applying for a loan. This is one thing that can |
| online. | | | | make or break how much you will have to pay in |
| Tip 1: Know what you want | | | | interest. This does not mean you cannot get a |
| Before you begin your search, you should | | | | loan if you have bad credit, it just means that |
| prepare a list of the make and model of cars you | | | | you will be paying more in interest than a person |
| would consider. Along with this list, you should | | | | with excellent credit. |
| include any options that are important to you. | | | | Tip 4: Search Online |
| Remember, you are searching for a used car | | | | If you know what make, model, and options you |
| some may have minor problems or even larger | | | | want and you have pre-qualified for a loan you |
| ones. Know what you expect and how much you | | | | have the ammunition you need to purchase a |
| are willing to spend for repairs if the car you | | | | used car online. Search all the websites that offer |
| happen to desire needs repairs. You should also | | | | used cars on your list. Do not just jump on the |
| check out the Kelly Blue Book to learn what the | | | | first one you find, you may learn later that you |
| car is worth before you let your emotions take | | | | could have saved hundreds of dollars if you had |
| over, unless you just love the car and do not | | | | searched a bit longer. Most of the time you will be |
| really care about its true value. | | | | able to contact the person or dealership that is |
| Tip 2: What you can spend | | | | selling the vehicle either through email, contact |
| You may have an idea of how much you are | | | | form on the website, or over the telephone to |
| willing to spend on a used car, however, you | | | | ask questions regarding the car. |
| should also consider that if you do not have cash | | | | Tip 5: Negotiate Price |
| upfront to pay off the vehicle you may be | | | | Now, that you have found the used car of your |
| looking at monthly payments, especially if you | | | | dreams, you can go in person, test-drive the car, |
| wind up purchasing from a car dealership. Sit | | | | and then talk about price. Keep emotion out of |
| down and figure out how much you are willing to | | | | the way. The salesperson can see how much you |
| pay monthly without causing you any type of | | | | want the car and this will give them the edge. |
| financial stress. Now, stick to your guns, do not | | | | Remember to stick to your affordable amount |
| allow the monthly payments go over this amount. | | | | and you will be driving home in the car without |
| | | | any hassles since most of the work was done at |
| Tip 3: Financing | | | | home on your computer. |