Buying Used Cars Tips and List of Best Current Cars to Buy Used

The main "ups" of buying a used car are the lower initial purchase price, as well as lower property taxes (where applicable) and insurance costs. The main "downs" of buying a used car are that it's a used car, not new -- so there's no new car warranty and you are more vulnerable to used car problems that could cost you money, as well as aggravation.

To reduce your risk of exposure when you buy a used car, there are a number of precautionary steps you can take when shopping for a used vehicle.

These tips to buy a used car include:

Shop for newer used cars that still have at least a portion of their original manufacturer's warranty remaining: Most late model used cars have at least three-year/36,000 mile basic warranty coverage (and often longer "powertrain" coverage on the engine and transmission). This means you'll get at least a year or so of peace of mind if you buy a used car that is less than three years old. (Important: Be sure to confirm the used car warranty is fully transferable.)

Check into Certified, Pre-Owned (CPO) vehicles: These are late model used cars and trucks that typically have less than 50,000 miles and have been given multipoint inspections...Continued