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Internet resources on buying cars
Below is a short sampling of Internet resources that will help you get through the process of buying a new or used car step-by-step:
- Edmunds
: A great site for information on all kinds of new and used cars, excellent reviews and how-to-buy guides. - Kelley Blue Book: An excellent place to look up used car prices, and also has lot of other information on both new and used cars.
- CarBuyingTips: A definitive source for tips for buying new and used cars.
- Samarins: Another source of car buying tips that is my favorite.
- CARFAX: The place to visit for used car history.
- Buying a used car: A Federal Trade Commission site offering facts for consumers.
Checking the car out
(This is the 6th post of the 8-part series An investing-friendly car buying guide.)
You have short listed 4-5 used cars in your neighborhood that you are ready to check out and test drive. Give yourself a weekend to complete this process (unlike most of our work places, car dealers are not only open on weekends, these are some of their busiest days).
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Picking a budget
(This is the 3rd post of the 8-part series An investing-friendly car buying guide.)
So you are going to buy a used car. Great! You have made a smart decision. The next step is to pick a budget – how much you want to pay for your car. This step is important, because your choice will decide how old a car you are going to get. From the depreciation graph, tweaking the budget by a couple of thousand dollars can mean getting a car that is few years newer or older.
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