How to buy a used vehicle

Step 1: Determine what vehicle you really need or want

Choosing the right car, truck, or sport/utility for your wants and needs should be the first step. Are you going to use it as a commuter, as a shuttle to haul kids or coworkers, as a reliable, dedicated work vehicle, or just to impress your neighbors? Really examine what you liked or didn't like about your last vehicle. If you're not sure which type and model best suits your needs, do a bit of comparative reading.

Motor Trend prides itself on testing and evaluating more vehicles than any other magazine, hands down. We print the "Road Test Review" in each issue. This compilation of vehicles we've tested lists powertrain configuration, price, power, torque, and performance figures, along with whether the test was a comparison between competitive vehicles. It also lists the reprint identification number so you can use our Electronic Reprint Service to order a copy of the most recent test by fax or mail. Some of this information is available on our Web site at www.motortrend.com.

Book stores and libraries also are good sources of information. Their automotive sections are peppered with books on cars' durability, safety records, real-world value, and some reviews.

Step 2: Figure out how much you can spend and how you're going to pay for it

Before you get your hopes up on that really cool Euro sedan, be sure you can afford it. In most cases, people don't have enough cash sitting around to buy a car outright. Therefore, you must determine how much money you can afford to borrow. Most banks and lending institutions offer car loans at rates lower than those of car dealers, and more recently, manufacturers' loan rates. Unfortunately, these bank loans are a little harder to qualify for than those of eager-to-sell car dealers. Find out the terms of a loan and even borrow the money before you go shopping. This way, you'll know exactly how much you have to spend, how much you'll owe, and when the money and interest need to be repaid.