ABC News offers a variety of car-buying tips focusing on negotiation strategies, budgeting, and inspection to help shoppers avoid common pitfalls like overpaying or taking on unmanageable debt.
: Be wary of 72-month or 84-month loans. While they lower monthly bills, they increase total interest paid and keep you "underwater" (owing more than the car is worth) for much longer. abc news car buying tips
: Request a vehicle history report and check the VIN at safecar.gov for open recalls or title issues. ABC News offers a variety of car-buying tips
: Experts recommend putting 20% down , limiting the loan term to 4 years , and keeping total vehicle expenses under 10% of your monthly income . : Request a vehicle history report and check
: This is a buyer's most powerful tool. Dealers want your money and often hate the idea of a competitor getting the sale.