The 8 Biggest Mistakes – #4

Buying a used car can be one of the most stressful things that you’ll do this year. Yet, here are specific steps to:

• make the buying process easier
• ensure you get more than a good deal
• find a vehicle that will last you for years to come

 I have compiled a list of the most common mistakes my customers have made when buying used cars. Making any one of these mistakes can cost you hundreds – even thousands of dollars more than necessary. Finally, you can get ahead of the learning curve and buy your next car with confidence.

Mistake #1 – Not test driving early in the buying process.

Mistake #2 – Not checking the CARFAX report.

Mistake #3 – Not looking at the vehicle inspection report.

Mistake #4 – Ignoring fuel consumption.

If you are looking for a commuter car and are concerned about rising gas prices, don’t get sidetracked by a car you can’t afford to drive day-in and day-out. Pay attention to the gas mileage of each vehicle that makes it onto your short list – and compare.

INSIDER INFORMATION – Know the MPG rating for each car you are looking at.

I use www.fueleconomy.gov to get accurate gas mileage figures on any pre-owned vehicle. It’s a user-friendly, federal government website. However, beginning with 2008 the EPA rating changed the way it estimates MPG. It now takes into account:

• faster speeds and acceleration
• air conditioning use
• colder outdoor temperatures

This means that every 2008 model has a lower MPG. This website can give you the old rating – or convert to the new ones. Be sure that you compare the cars you are interested in “old rating to old rating,” or “new to new.”

Of course, the your actual mileage will vary based on traffic conditions, driving habits, and where you drive.

See the next article in this series:

Mistake #5 – Ignoring Certified cars (CPOs) or extended warranties.