What To Know Before Buying A Used Car May 2026

Aim for a 20% down payment, a three-year financing term, and total car expenses (including insurance) that equal 8% or less of your monthly income.

Set aside approximately $1,000 for immediate repairs, as many previous owners defer maintenance right before selling. 2. Research and Verification what to know before buying a used car

Knowledge is your best leverage during a used car transaction. Aim for a 20% down payment, a three-year

Factor in "hidden" costs beyond the purchase price, such as registration, higher maintenance for older vehicles, and insurance premiums. Aim for a 20% down payment

Perform these checks during daylight to spot potential red flags.

Before looking at cars, establish what you can truly afford.

Use the Kelley Blue Book to find the fair market value so you don't overpay. 3. DIY Physical Inspection