1. either save money or pay cash
Join local credit unions and establish credit relationships with them. Usually it’s only $25 to join. Let them help you improve your credit rating so you can get the best car deals. Most credit unions offer financial consulting courses and are willing to help members improve their credit ratings. Sometimes, a simple step, such as transferring the balance, can improve your score and save you a lot of money.
How to get the best car deals to finance a car, even if you have bad credit.
Note: if you buy a new car close to it, you may get a lower interest rate!!
If you loan, you must borrow money from the credit union or bank you trust. Don’t borrow money from dealers!! Even if dealers say in advertisements they can help you find “best” rates, they tend to raise interest rates after you sign a contract – a dirty practice known as “Yo Yo” financing. Many dealers also fake loan applications after customers sign up, allowing consumers to get loans they can’t afford, and then take back cars when buyers default on payment. It will leave you with no wheels, huge debt and bankruptcy credit, making your life harder in the next seven years.
What is the safest way to get auto financing? Get a credit qualification from a trusted lender, such as your own bank or credit union, before you buy a car. In this way, you will have a good, realistic idea that you can afford any car and not exceed your budget.
2. find the best car deal within your price range. Here is a list of used cars recommended by the consumer report, ranging from $5000 to $30000:
The price of used cars recommended by consumer report is less than $30000
In addition, adolescents are at a high risk of injury in car accidents: consumer reports and IIHS recommend the best cars for teenagers, priced below $20000
3. select a car to be sold by the owner. Check the “by owner” ads for your model online or in local newspapers… Be careful of “roadside customers” – disguised as shopkeepers, but actually the drug traffickers’ black screen drug dealers. Avoid car dealers. Buy locally. Avoid cars that have not been seen or sold in other states. Insist on having the owner show you his or her identity and ownership of the car. Make sure the name and address match. Keep in mind the past service records and check the maintenance of the vehicle. Contact the previous repair shop and ask if they know any major repairs that need to be done.
4. get the VIN of the car you want to buy from the seller. This unique number is like a fingerprint of a car, and it is the key to opening a treasure house of information about the state and history of the car. Vin is available in many places, including on the metal panel on the instrument cluster, on the sticker on the door frame of the driver’s door, on the ownership of the car, on the maintenance documents, so it should be easy for the seller to find it and send it to you.
5. check the safety recall. It’s necessary. Why? According to cafax, more than 36million vehicles on the road are recalled for safety reasons. There is only one reason the manufacturer recalled the products. That’s because they’re not safe. Typical defects include traffic jams, steering failures, broken axles, airbag explosions and shot shrapnel at the driver’s face, seat belt failure when crashing, wheel shedding, and the car firing without warning.
6. check whether the vehicle is scrapped due to accident or flood.
View the federal database of lost and stolen vehicles, the national motor vehicle ownership information system (nmvtis). It is the best place to start a vehicle history search because it is the only database in which self insurers, car recyclers, waste dump, waste recycling pools and car rental companies, such as insurance companies, car recyclers, waste dump, waste recycling pools and car rental companies, are required to report all the losses of each vehicle they declare. It should cost less than $10, and you can do it online.
