Are you interested in purchasing a used or pre-owned vehicle? The benefits of buying a used vehicle nclude a lower purchase price and general lower insurance rates. Here are a few used car buying tips to help you find the right vehicle for your budget and lifestyle. Read Owner Reviews Reading owner reviews in addition to editorial or expert reviews will provide more insight into the vehicle's features and how it performs day to day. Reviews may provide insight into a vehicle's quirks which may not be obvious at first sight. Apply For Financing You may be able to obtain a favorable rate by applying for a used car loan through your bank or credit union. You may want to order a copy of your credit report from the three … more
Buying a year or two year old vehicle can save you thousands off of your next car purchase compared to buying the same vehicle new. The researchers at iSeeCars.com recently looked at records for 5 million 2014 model vehicles (nearly a third of the cars sold in 2014) to find which vehicles were most often sold after only a year, and are consequently the best deals.
What they found was that only 2.7 percent of those vehicles sold after one year, but some vehicles were being sold at more than double the average rate, making them great deals in the used car market. In order to find which vehicles were the best choices, the financial experts at CBS took this data combined it with reliability information from J.D. Power & Associates and … more