Researching your options and making a plan before you head to a dealership is a great plan for buying a pre-owned car. Doing your research will make sure you get the car you want at the price you can afford. There are a few ways to make sure you find what you want. Below are a few tips to follow when purchasing a pre-owned vehicle.
- Find out what you can afford.
Knowing how much you can spend is probably one of the most important things you need to figure out before you purchase a car. If you plan on taking out a loan, your payment shouldn’t be any more than 20 percent of your take home pay. If you have a tight budget, you probably should aim a little lower than that. It is always better to be prepared for sudden repairs or things you may need to replace on your car. Ownership costs also add up. Your car will need registration and insurance. Knowing all of this information can help you narrow down your options and help you find the perfect car.
- Figure out what you want.
Most people say you should build a list of what you are looking for in a car. If you are looking for a small vehicle, you can add things like a Honda Accord or a Toyota Camry. Depending on your budget, you may find a Ford Fusion or a Kia Optima may offer similar features and qualities, but cost less. If you consider more than one brand, you can widen your options and stick to your budget. Figure out what you are willing to compromise on and what options you can’t live without. This will make your search easier.
- Check the price.
After you make your list of vehicles you are interested in, check out the prices. Some models are less expensive than others. Some cars are less expensive when they are one year older than the one you are interested in. Looking at all of your options before you make a decision is always a good choice. Calculate the price of ownership for your top choices and do your research. It will pay off in the long run.
There are several benefits to owning a pre-owned car, and buying one shouldn’t be a struggle. At New Jersey State Auto Auction, we make the buying process as simple as possible. If you are ready to look at one of our cars, come visit us! For more information about our current inventory, check out our website.
New Jersey State Auto Auction
406 Sip Avenue
Jersey City, New Jersey 07306