Score a deal. Avoid lemons.
Let the buyer beware
Buying a used vehicle can be a good investment because you avoid the rapid depreciation of new cars. Be strategic to avoid problems down the road.
Research is not optional
Get the vehicle history
Obtain the vehicle’s VIN number, the manufacturer’s 17 digit serial number. This can usually be seen by looking through the windshield on the driver’s side. Another common spot is inside the driver’s door.
Navigate to Carfax. Reports begin at $39.99 each. It’s not free but it could save you a bundle. The history report will tell you:
- if the vehicle was totaled in an accident and then salvaged
- if the vehicle has suffered flood damage
- if the odometer has been rolled back
- if this vehicle has a history as a “lemon”
- if there are any junked titles or lien activity on this vehicle
- how this vehicle has been used (taxi, rental, lease)
Take a test drive and kick the tires
Check for these common problems
- Make sure all door and hood joints line up evenly.
- If the oil is black and thick, it’s a fair bet that the vehicle has not been maintained properly
- Check the tire tread for uneven wear. That could indicate an alignment problem.
- Hear knocking or creaking noises when going over bumps? It might be a bad suspension.
- On a test drive, remember to drive at a high enough speed to allow you to shift into overdrive.
- When accelerating during a test drive, look for smoke in your rear view mirror
- Check for oil spots under the vehicle after the test drive
- Never buy a vehicle without an inspection sticker
See today’s vehicle loan rates
Model Year |
Loan Term |
Interest Rates (APR*) |
---|---|---|
Model Year 2023 |
Loan Term 1 - 84 months |
Interest Rates (APR*) 5.00%* to 16.25% |
Model Year 2022 |
Loan Term 1 - 84 months |
Interest Rates (APR*) 5.00%* to 16.25% |
Model Year 2021 |
Loan Term 1 - 78 months |
Interest Rates (APR*) 5.25%* to 16.50% |
Model Year 2020 |
Loan Term 1 - 72 months |
Interest Rates (APR*) 5.35%* to 16.60% |
Model Year 2019 |
Loan Term 1 - 66 months |
Interest Rates (APR*) 5.45%* to 16.70% |
Model Year 2018 |
Loan Term 1 - 60 months |
Interest Rates (APR*) 5.55%* to 16.80% |
Model Year 2017 |
Loan Term 1 - 54 months |
Interest Rates (APR*) 5.65%* to 16.90% |
Model Year 2016 |
Loan Term 1 - 48 months |
Interest Rates (APR*) 5.75%* to 17.00% |
Model Year 2015 |
Loan Term 1 - 42 months |
Interest Rates (APR*) 5.85%* to 17.10% |
Model Year 2014 |
Loan Term 1- 36 months |
Interest Rates (APR*) 5.95%* to 17.20% |
Model Year 2005 - 2013 |
Loan Term 1-36 months |
Interest Rates (APR*) 7.70%* to 17.99% |
How much will my payment be?
Research finished? Apply for an auto loan today.
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