Tips for buying used cars

Purchasing a used car can be tricky, but there are a few ways to improve your chances of getting a good deal on a vehicle. The first step is to determine a budget. If you think you will need to borrow money but have poor credit, you can apply for a bad credit car loan.

If you choose to buy a used car at a dealership, you should be cautious of advertisements that claim they will provide low financing rates, as this may be a tactic to draw you in, especially if you have less than perfect credit, The Salt Lake Tribune reports.

Once you have narrowed down your choices, you should research the resale value of the cars you are considering, according to The Financial Express. If a car is projected to drop in value rapidly, it could be difficult for the owner to recoup any of their expenses if and when they decide to get rid of the vehicle.

Opting to buy an economical car with a smaller engine instead of, say, an SUV or a sports car, can help you save money on car expenses. The Boston Globe states that a small sedan can cost an average of $6,758 per year and the expenses increase for larger cars.