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Do not assume your first step in the process of buying a vehicle is to head down to various used car dealers just to browse through the inventory on hand. If you do this unprepared, chances are you will either leave without a vehicle, or with a bad deal and be full of regret. There are a few steps that you should consider before you contact the seller that will save you time and money. Check Your Finances The general rule of thumb is that an auto payment should not exceed more than 20 percent of your income. This is, of course, 20 percent of your income after mortgage or rent is paid. Another item that should be taken into account is insurance cost. Insurance cost is typically 5-8 percent of the vehicle's purchase price, but can run as high as 12 percent. Be aware that insurance costs will vary and depend heavily on the model of your vehicle and your location. Select a Less Popular, but Still Reliable Brand When searching for used car dealers, consider a less popular auto brand. Many think more about their dream vehicle when they first sit down to consider purchasing a vehicle, but this isn't always the best thought process. There are many less popular, but reliable auto brands out there that you can choose from that will save you a considerable amount of money, and will provide you with the reliability you need. Research and find at least three different auto brands that you'd be interested in purchasing. Locate Used Vehicles Online There are various sites online that can assist you in finding used car dealers. You can conduct your search online before taking a road trip. Once you've decided on the dealership you would like to use, you can then visit the dealership and make your purchase. Check the Vehicle's History Report By no means ever should you purchase a vehicle from used car dealers without first obtaining a copy of that vehicle's history report. In fact, a negative report alone should be removed from your list of contenders. A history report can reveal vital information about the automobile including the number of accidents it has been involved in. Be Aware of Your Financing Options It is always good to know your credit score before looking into financing options for a vehicle. A credit score of at least 680 can potentially give you the lowest interest rate on an auto loan. It is also important to know that many banks will not finance used cars that are more than four years old. When you are selecting your vehicle from used car dealers, be sure you have all your checklist items in place. If you are prepared and knowledgeable, you will find the perfect vehicle for you. These five tips will give you the opportunity to go into a dealership fully prepared and ready to make an intelligent purchase. When considering used car dealers in Gulfport, MS residents visit Turan Foley Chevrolet Cadillac Buick. Learn more at http://www.turanfoley.com/VehicleSearchResults?search=preowned.
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