Acquiring a Pre-Accepted Auto Loan
The key to getting the best deal on your new car is to shop around and compare prices from multiple dealerships. Don't be afraid to walk away if you don't get a fair price. Some tips include:
- Research, research, research: Look up the Kelley Blue Book (KBB) or National Automobile Dealers Association (NADA) values of your desired vehicle to determine a fair market price.
- Don't fall for extras: Be wary of dealerships that include unnecessary fees, such as extended warranties or maintenance plans. These can add hundreds of dollars to the total cost.
- Check the vehicle's history report: Use services like Carfax or AutoCheck to get a detailed report on the car's ownership history, accidents, and any major repairs.
Inspecting Used Vehicles for Signs of Accidents or Repairs
A thorough inspection is crucial when buying a used car. Here are some signs to look out for:
- Check the dashboard and gauges: A slow engine, dim headlights, or warning lights can indicate major repairs.
- Examine the tires: Uneven wear, bulging tires, or unusual sound when rolling can be a red flag.
- Look for signs of damage: Cracked windshields, dented bumpers, or torn carpets can be costly to repair.
- Check the oil and coolant levels: Low fluids can indicate engine problems or worn seals.
