Do your homework before you start looking for a specific car. Develop a budget and research cars online to find the right make model and year.
Don’t get hung up on the new car smell! Buying a great used car can save you thousands of dollars.
Use online tools like TrueCar or Carfax to establish an average price and service record for the car or cars you have chosen.
Next, gather up your taxes for the last couple of years, your last two pay stubs, and talk to your bank or credit union about the rate and terms. Have your lender prequalify you for an amount that matches your budget.
It’s time to find a car. Look online or head to a dealership to find the right car for you. Don’t fall in love, stick to your budget. If the dealer can’t beat your rate stick with your pre-approved deal.
The sticker price is not the sale price, negotiate to get the best deal. Rely on the research you’ve done and do not let anyone pressure you.
It’s just like school, do your homework. Go online to Kelley Blue Book or NADA and list your car’s make, model, age, and features to get a retail value and a trade‑in value.
It’s usually best to sell your car on your own, but you can use tools like Carvana and Vroom to see what they will give you for your car.
If you are going to sell the car on your own clean it up inside and out and repair the things that make sense to repair. You would be surprised how important a clean functional car is to a potential buyer.
Advertise it in places like Facebook Marketplace, Craigslist, and local/regional online want ads.
Be patient, if you don’t have to sell your car tomorrow it takes a lot of stress out of your life.
Buying a Car:
It’s just like school, do your homework. Go online to Kelley Blue Book or NADA and list your car’s make, model, age, and features to get a retail value and a trade‑in value.
It’s usually best to sell your car on your own, but you can use tools like Carvana and Vroom to see what they will give you for your car.
If you are going to sell the car on your own clean it up inside and out and repair the things that make sense to repair. You would be surprised how important a clean functional car is to a potential buyer.
Advertise it in places like Facebook Marketplace, Craigslist, and local/regional online want ads.
Be patient, if you don’t have to sell your car tomorrow it takes a lot of stress out of your life.
Auto Insurance 101:
Watch this video to get additional information about the types of things you need to be aware of when purchasing auto insurance.
Important: The information contained on this website is provided for informational purposes only. All articles, charts, brands, logos, names, or other information used is the sole property of the parties cited or referenced. The information on this website should not be construed as investment, legal, or tax advice. M3 Wealth is in no way attempting to provide investment advice. Any use of this information is the direct responsibility of the reading party and should be reviewed and discussed with their financial advisor, attorney, or CPA prior to implementation and/or use. The information contained on this website cannot be used, altered, or distributed, without the express written consent of M3 Wealth.
