SmartMoney Podcast: "Tips on how to purchase a used automobile?"

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Welcome to the NerdWallet SmartMoney podcast, the place we reply your questions on actual cash – in 15 minutes or much less.

This week Sean and Dayana settle a debate that they had: what’s the easiest way to purchase a used automobile? Sean's is in search of Craigslist, whereas Dayana is following a extra conventional route.

Our recommendation

Earlier than you store, set your price range. Try to take care of the whole price of proudly owning a car upkeep, gasoline and insurance coverage prices included in 20% of your web month-to-month wage.

Discover the way in which to purchase a automobile that fits you finest. If you’re an expert haggler, you might be able to discover an settlement on Craigslist. CarMax, in the meantime, provides a extra informal automobile shopping for expertise that doesn’t contain buying and selling. New choices, like Carvana, help you purchase a automobile from the consolation of your couch and have it delivered to you.

Know management a used automobile. Look at the Car Historical past Report for any automobile that pursuits you, in search of severe accidents and variety of homeowners. And take into account the mileage of the automobile; about 12,000 miles a yr is typical.


Monitor your automobile bills and discover the easiest way to avoid wasting.

Be taught extra about shopping for automobiles on NerdWallet

Tips on how to purchase a used automobile

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Your guidelines for the acquisition of a automobile

You could have a query of cash? Textual content or name us at 901-730-6373. Or you’ll be able to ship us an e mail at [email protected] . To listen to earlier episodes, return to the podcast residence web page.

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