How much down payment do I need for my car loan? Until recent times, it was standard for car dealers and finance companies to require at least 20% down payment on the purchase of a car. It was for a good reason. Because cars depreciate in value from the moment they are driven off a […]

What is the car trade-in process? Do I lose money by trading? Here is how a car trade works. Car dealers buy your old car from you and give you credit toward the price of a new car. The trade-in credit is like a down payment and reduces the price of your new car, making […]

What to Pay for a Car — What’s a Good Price? What to Pay For a New Car All new cars have a window sticker that displays the manufacturer’s suggested retail price (MSRP). It may also include destination charges, dealer-installed option prices, and other miscellaneous charges. The total of these charges is the price you would pay for that vehicle, […]

When buying a car, everyone knows you don’t pay the asking price or sticker price. Right? Right. The process of buying a car in the United States is unusual in that it’s one of the very few times when we actually negotiate or “haggle” over prices. We don’t do it when buying a refrigerator at […]

First-time car buyers are often unaware of everything that’s involved in the process. It’s not surprising because it’s not simple and not like buying anything else that we normally buy, even a house. We’ll explain it all in this quick guide to buying a car. Further details can be found in the various articles posted […]

Buying a car for the first time can be an overwhelming experience. There’s so much to know and how to know what’s important. With this article, we’ll take some of the mystery away from the car buying process. We’ll focus on the car itself in this article because we’ve already covered topics such as new […]

There’s nothing worse than spending your hard-earned money for the perfect used car and finding out after the sale that it has serious problems that are going to cost a fortune to repair. It’s even more disappointing when you discover that used cars are sold “as-is”, which means that you have no legal grounds to […]

Car buyers are being cheated every day by a common scam that is usually associated with Craigslist, as well as other online car-for-sale web sites. Craigslist even posts warnings on their site about it but many buyers are so focused on the “deal of a lifetime” they’ve found that they don’t read the warnings. It […]

Cheap cars can be found in many places — if you know where to look. Following are just some of the places you might find cheap cars: Independent Used-Car Dealers – Independent used-car lots are a potential source of affordable cheap second hand cars. Many lots have older vehicles that can be real bargains, but […]

Your First Car – Making Your Decision Most of us get our first car as teenagers. It’s the car we’ll always remember. Let’s take a look at some of the important questions you’ll want to consider when deciding about what you’ll buy as your first car, how you’ll pay for it, and how to go about […]

This is the kind of question we see posted on question-and-answer web sites every day. The details might vary but the basic question is always the same. The askers of the question seem to understand that $3000 (or $1000, or $2500) is not a lot of money for a car and they are asking how to […]

Should I keep my old car and fix it up, or buy a new car? Expressed another way, the question is this: Is it smarter, more practical, and more economical for me to keep and fix my old car than to buy another car, new or used? This is always a tough one to answer. Generally, […]

We have been an expert participant on the Yahoo! Answers web site for many years, particularly in the Cars and Transportation section, Buying & Selling sub-section. We answer questions and provide advice about a wide variety of topics related to automobile buying, selling, insurance, maintenance, and car brands. Although the Answers site is open to anyone, […]

Better to Buy Pre-Owned Car, or New Car? First time car buyers have a choice of buying a brand new car, or buying a used car. Which is better? There are advantages and disadvantages to either choice. Most people would rather have a brand new car with its new-car smell and latest style, but there […]

Used Car Inspection Checklist Use this handy 50-point checklist when buying and inspecting a used car. Print it and take it with you.   Wheels and Tires Are tires worn to unsafe level (less than 2/32″ tread depth at lowest point)? Tires with less than 2/32″ tread depth at lowest point are unsafe and should […]

How do I buy a car from an individual private seller — not a dealer? When you buy a car from an individual, you pay with cash, a money order, or a bank cashiers check. The money can come from savings, a checking account, a family loan, or a loan from a bank or financial […]

How do I know what price to pay for a car? Let’s say you see a nice used car that you like on a dealer’s lot that is priced at $14,000. Is it a good price? Can I talk the dealer down to, say, $12,000? How much discount can I expect to get? These are […]

We hear the question all the time, “Where can I find a good cheap reliable car?” The people who ask this question obviously have limited funds but are looking for the best car that can be purchased with the least amount of money. Unfortunately, finding a car that’s inexpensive AND good AND reliable can be […]

Are certified used cars good deals or not for first car buyers? Many car dealers sell “certified” pre-owned cars. How are these cars different from other used cars? Are they more expensive? Are they worth considering as a first car? Most major automobile manufacturer’s dealers now offer “certified” used cars. A certified car has been […]

Buy-here-pay-here car dealers provide auto loans to people with bad credit. Most car dealers do not directly finance loans on cars they sell. They work with outside banks and finance companies to provide loans for their customers. It’s up to those banks and finance companies, not the dealer, to approve and provide customers car loans. However, […]