Pre-Owned Cars
Pre-owned cars are often a better a value than new cars. There are trade-offs though. Less selection means more time searching. But finding that perfect pre-owned car is like hitting gold at the thrift store.
Pre-owned cars for sale are everywhere. Where to look depends on what you want. All car dealerships carry pre-owned cars. This is a good option because they are usually somewhat new and still have their original warranty.
Some dealers sell Certified Pre-Owned (CPO) cars. CPO means the mechanic has inspected the car and it's good to go. Buying a CPO is like buying a new car, you get reliability and warranty.
Another good place to shop for a pre-owned car is a dealership that only sells used cars. You might be able to find one at Carmax.com. Also, check out car rental companies since they sell some of their vehicles too.
Tip:
A deal that seems too good to be true often is. Buying a car from a private party (neighbor, uncle, some guy across town) is a risky venture.
Be patient
Bring an expert along to check out any problems with the car
Try not to buy on the spot
Once you find something you like, jot down the Vehicle Identification Number (VIN), then go home and do some research:
Check out Kelly Blue Book or Nada Guides to see how much the car is worth (and make sure you're not getting ripped off, or, even better, getting a great deal).
Run the VIN through Carfax.com. This is like doing a background check on a car. If you see accidents or major damage, move on.
