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Welcome to NerdWallet's 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.
Earlier than you store, set your price range. Goals to maintain the complete price of possession of a automobile, together with upkeep, gasoline and insurance coverage, as much as 20% of your internet wage.
Discover the automobile buy route that fits you greatest. If you’re knowledgeable haggler, you could possibly discover an settlement on Craigslist. CarMax, in the meantime, gives a extra informal automobile shopping for expertise that doesn’t contain buying and selling. New choices, like Carvana, make it simple to purchase a automobile within the consolation of your couch and will let you have the automobile delivered.
Know the way to test a used automobile. Look at the automobile historical past report no matter automobile you have an interest in, in search of severe accidents and the variety of house owners. And take into account the mileage of the automobile; about 12,000 miles a yr is typical.
The prices of the automobile on the map?
Observe your automobile bills and discover the easiest way to avoid wasting.
Study extra about automobile shopping for on NerdWallet
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Your guidelines for the acquisition of a automobile
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