Buying a used car offers great value and saves you money compared to purchasing a new vehicle. However, ensuring you get a reliable car requires careful consideration. That’s why we created this used car checklist.
1. Start with budgeting and research
Take the time to set a budget before you even step onto a lot or browse online listings. Understand how much you can afford, including the sticker price, taxes, registration, insurance, and potential repairs. Research the makes and models that fit your needs — whether you’re looking for fuel efficiency, cargo space, or off-road capability. Online reviews and forums can provide insight into common issues with specific vehicles.
2. Know your financing options
It’s a wise move to know your financing options before shopping for your next vehicle. Getting approved for financing can be challenging for car buyers with bad or no credit. Credit Acceptance helps approve credit-challenged car buyers at more than 12,000 car dealerships nationwide. You can begin your auto financing pre-qualification here. You can also complete this form to get connected with car dealerships in your local area.
3. Determine the vehicle’s history
A vehicle history report is an invaluable tool when buying a used car. VIN check websites can reveal valuable information, including accident history, title status (clean, salvage, or rebuilt), odometer readings, and maintenance records. A clean title and transparent history will tell you if a vehicle has been well-maintained.
4. Scrutinize the exterior and interior
Keep an eye out for dents, scratches, rust, or mismatched paint that might indicate prior repairs. Examine the tires for even wear and sufficient tread depth, and check the lights, mirrors, and windshield for damage.
Next, give the seats and upholstery a once over for tears or stains and test the windows, locks, climate control, and stereo. Note any unusual odors that could hint at water damage or smoke exposure. Verify that essential items, such as the spare tire and jack, are present.
5. Pop the hood
You’ll learn a lot about a car’s condition after a quick look under the hood. First, evaluate the fluids — clean oil and coolant are good indicators of regular maintenance. You’ll additionally want to make sure there are no leaks, corrosion on the battery terminals, or wear on the belts and hoses.
6. Take a test drive
A test drive will give you the opportunity to evaluate how the car feels on the road. Drive both highways and city streets to assess the handling, braking, and acceleration. Listen for unusual sounds from the engine, transmission, or suspension. Pay attention to the steering and if the ride is smooth.
7. Have a professional inspect
A qualified mechanic can uncover hidden issues even if a car seems perfect to your untrained eye. A pre-purchase inspection can identify any problems that aren’t immediately apparent. Taking this extra step can give you leverage in price negotiations and potentially help you avoid a bad deal altogether.
8. Review paperwork and ownership
When you’re ready to buy, ensure the seller has the legal right to sell the car. See if the VIN on the car matches what’s on the title. Confirm there are no outstanding liens on the vehicle, and ask for a bill of sale to document the transaction.
9. Negotiate and close the deal
Use any findings from the mechanic or vehicle history report to negotiate the price. You can ask the seller to lower the cost or make the fixes before the sale if repairs are needed. Once you’ve agreed on a price, complete the title transfer so you may register the vehicle at your local DMV. Don’t forget to insure the car before driving it home.
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Bonus tips for a smooth purchase
Be patient: Don’t rush into buying the first car you like. Take your time to evaluate all options.
Research common problems: Search online for known issues with the make and model you’re considering.
Bring a friend: A second pair of eyes can help you catch details you might miss.
Have your paperwork in order: You’ll need your driver’s license and proof of income, address, and insurance to complete a purchase. Bring the title and vehicle registration if you’re trading in your vehicle.