Buying My First Used Car Apr 2026

: Alternatively, keep your monthly car payment under 15% of your monthly income.

Never skip a thorough vetting process to avoid "buying someone else's problem." Buying a Used Car From a Dealer - FTC Consumer Advice buying my first used car

Experts recommend several formulas to determine what you can realistically afford: : Alternatively, keep your monthly car payment under

: Budget for more than just the purchase price. Factor in taxes, registration fees, insurance, gas, and maintenance . : Put down 20% , finance for no

: Put down 20% , finance for no more than 3 years , and keep total car expenses under 8% of your monthly income.

Buying your first used car can be a complex process involving financial planning, technical inspections, and negotiation. Below are the key steps and "rules" to follow, as outlined by experts and reputable consumer resources. 1. Establish Your Budget

: Be aware of the 30-60-90 rule , which highlights major maintenance needs at 30,000, 60,000, and 90,000 miles. 2. Research and Inspection