Experts often suggest a 20% down payment , a 3-year financing term , and keeping total car expenses under 8% of your monthly income .
Before falling in love with a car, nail down what you can actually afford. find a used car to buy
Searching for a used car can feel like a high-stakes scavenger hunt, but with a bit of strategy, you can find a reliable ride without the "sticker shock" of a new one. Whether you are scouring Facebook Marketplace for local private deals or browsing large inventories on sites like CarMax , the journey involves a few key milestones to ensure you don't end up with a "lemon". Step 1: Set a Realistic Budget Experts often suggest a 20% down payment ,
Remember that the purchase price isn't the only cost. Factor in higher interest rates for used car loans (averaging around 12%) and potential maintenance for older models. Step 2: Do Your Homework Narrow your search to models known for longevity. Whether you are scouring Facebook Marketplace for local
For 2026, consistent favorites for reliability and value include the Toyota Corolla , Honda Civic , and Subaru Outback .
Use the Kelley Blue Book (KBB) or Edmunds to find the fair market value for the specific year and trim you want. Red Flags vs. Green Flags When Shopping for a Used Car