3 Basic Tips to Buy Craigslist Used Cars

If you want to find a good and cheap car, you might want to check out Craigslist cars for sale. Just make sure to follow the basic tips below, and you should be able to find a used car that suits your needs. Always remember to exercise caution when buying from an owner or dealer and you can be assured of a good deal.

1. Do Your Research

You first step in buying from Craigslist used cars should be research. Take some time to figure out the actual sale value of the car that you are buying, and then take the time to research the average sale prices of vehicles on the site.

Craigslist used carsCraigslist tends to have hundreds of cars for sale at any given time, and most sellers tend to price competitively. Never buy an overpriced vehicle, but be cautious of any car that is priced far below resale value or the median value of cars on the Craigslist.

2. Talk to the Owner

Your next step should be talking to the owner. Before you do anything else, you need to make sure that he or she is legitimate. Owners that provide a phone number stand a better chance of actually being willing to make a sale, while owners that only provide an e-mail address may well be trying to conduct a scam.

If the owner is willing to meet in person, make sure that you meet in a public place and to bring a friend alone. Predators do take advantage of those that buy online, and you should do your best to be safe.

3. Test Drive

Finally, insist on a test drive. You may be buying on Craigslist used cars, but you still need to follow the old rules of buying used. If an owner refuses to let you drive the vehicle, you should walk away. A refusal to let a prospective buyer take a test drive is a clear indication that something is wrong with the car.

You should also make sure that you can have the car inspected as a condition of the potential sale; nothing is worse than driving a car away only to have major repair bills.

If you wish to buy from Craigslist used cars, make sure that you follow a few basic tips. Always do research to find a fair price, make sure that you can talk to the owner to make sure that the sale is legitimate, and insist on both a test drive and an inspection before you agree to buy the vehicle.

How to Get a Car Loan When You Have No Credit

car loan illustrationThese days, even though you possess poor credit scores, applying for a car loan is no more a difficult job. Here are some steps you have to do to get the auto finance when you have no credit.

1. Prepare your credit history

Loan companies take into accounts the credit history of the applicant for an auto loan while signing the loan document. Credit history determines the rate of interest that the loan seeker must have to bear. You should prepare credit history for an auto financing, such as copy of your bank statement, utility or phone bill, and proof of employment history.

2. Ask your family and friends for a loan

Your family and friends are a great option to get an auto loan with no credit. If they have the ability to give you the loan, they will ask the requirements and terms and conditions of the loan. Beside these, a friend will help you to calculate the cost, installment amounts and the relative interest rate.

3. Ask the bank or car dealer for a loan

There is another option available to ask for loan that may be a local bank, a car dealer or an online legitimate dealer. Some of the loan merchants offer unique financing services. The most common is the auto finance without any down payments. This kind of service is available for those people who have poor credit history.

In order to get them out of the worst situation, these financing institutions charge low interest rate, with easy installment policies and fast approval of loan. Also, these institutions offer the applicant to select his or her own make for the car.