Step 1: Crunch the numbers
If you’re paying with cash, you already have a budget in place. If you’re taking out an auto loan, get your pre-approval before visiting the dealer’s lot.
Step 2: Create a target list of makes and models
Narrow down your choices to three or four model cars.
Step 3: Research
Look for listings of your vehicles of choice. When you have some options to consider, obtain their vehicle history reports from Carfax.com.
Step 4: Contact the seller
Verify the information you’ve learned about each car and see if it’s still in stock. If everything checks out, set up an appointment for a test drive.
Step 5: Test drive
During the test drive, pay attention to the acceleration, legroom and visibility of the car.
Step 6: Have it inspected
Take the car to a mechanic for a professional inspection.
Step 7: Negotiate
Make an opening offer based on what you have determined to be the average price for your car.
Step 8: Make it official
Read the contract carefully before signing and be sure to get insurance.
You’re all set to take your new car for its first spin!
