Buying your first used car can be a complex process involving financial planning, technical inspections, and negotiation. Below are the key steps and "rules" to follow, as outlined by experts and reputable consumer resources. 1. Establish Your Budget
Never skip a thorough vetting process to avoid "buying someone else's problem." Buying a Used Car From a Dealer - FTC Consumer Advice buying my first used car
: Be aware of the 30-60-90 rule , which highlights major maintenance needs at 30,000, 60,000, and 90,000 miles. 2. Research and Inspection Buying your first used car can be a
Experts recommend several formulas to determine what you can realistically afford: Establish Your Budget Never skip a thorough vetting
: Alternatively, keep your monthly car payment under 15% of your monthly income.
: Put down 20% , finance for no more than 3 years , and keep total car expenses under 8% of your monthly income.