What’s Your Car Budget? Tips to Figure Out What You Can Spend

With 17.5 million Americans buying cars in 2016, it’s clear that the auto industry is alive and well. 

With 17.5 million Americans buying cars in 2016, it’s clear that the auto industry is alive and well. 

For those on the lookout for a new or used car, countless new options flood the market these days. Toyota and Honda have released 2018 and 2019 updates on the body designs of their best selling sedans, electric cars like Tesla are now mainstream, and hybrids continue to save car owners on gas.

If you’re ready to buy, you will need to know how much your car payment should be, and we’re here to help. We’ve got some tips to help you set a realistic car budget, no matter what kind of ride you want!

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7 Things to Consider When Buying a Used Car

Buying a car is a big investment. Be sure you know the things to consider when buying a used car, which are highlighted here.

A record-breaking 39.2 million used cars were sold in the US in 2017.

2017 also saw a $63 million jump in the amount of money defrauded from Americans. People in the US lost $905 million thanks to scam artists.

Of course, not all of that money would have been lost through car scams. However, you could see how it might have contributed.

Likewise, scams are just one example of something a used car buyer must be aware of. In reality, there’s a lot to think about when buying a second-hand vehicle. And there can be significant problems when buying a car without due consideration.

Keep reading to learn 7 things to consider when buying a used car.

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