Do’s and Don’ts of Buying a Used Car
Do’s & Don’ts Of Buying A Used Car in Cookeville, TN
If you’re one of the many car buyers choosing to purchase used instead of new, you’re not alone. Many people looking for a vehicle these days are looking for a used car due to the lack of severe depreciation and generally lower cost. Here at Cumberland Chrysler Dodge Jeep Ram FIAT, we want all of our customers to know what to look for in a used car. So keep reading to learn the do’s and don’ts of buying used.
1. Do Know Your Needs
Because there are so many body styles to choose from and a variety of features and amenities available, it can be hard to know where to start in the used car-buying process. However, when you narrow down categories like how much cargo space, passenger seating or towing capacity you need, you can start to figure out what vehicle is right for you.
2. Do Research
Once you’ve narrowed down the type of vehicle you want, make a list of your deal-breakers in a used vehicle. Research various models and makes that give you all the amenities and features that you want.
3. Do Know How Much You Can Afford
Creating a budget can be the hardest part of the experience. You may have found the vehicle that fits you perfectly, but choosing one that you can afford can be more difficult. When purchasing a new vehicle, it’s recommended that you put about 20 percent down, limit the term to no more than 60 months and keep your monthly payment below 10 percent of your income. Plus, you’ll want to make sure you consider the cost of regular and unexpected maintenance. Some cars cost more than others.
4. Don’t Trade In A Car That’s Worth Less Than You Owe On It
Negative equity can be a big burden. The balance of your old loan may be consolidated into the new car’s loan amount, meaning you could be paying the debt of two cars in one, big loan. Get ahead by researching what your trade may be worth.
5. Don’t Rush Your Test-Drive
Take your time with the test-drive to ensure you actually enjoy the car and can get a feel for how it drives. Ask questions, play with the various features and look around the vehicle. Make sure the car has enough space for everything you need.
If you have any questions about what you need to do before buying a used car or would like to test-drive any of our quality used cars, please feel free to contact us or stop by Cumberland Chrysler Dodge Jeep Ram FIAT, located at 1550 Interstate Dr, Cookeville, TN 38501. We look forward to serving our customers from Crossville and Sparta.