Steps to Buying a Used Car
 

If you've decided to buy a used car, you've already made a smart decision. You can get a car that's almost as good as a brand-new one, without suffering the depreciation that wallops new car buyers as soon as they drive the car off the lot. Used cars — even those that are only one year old — are 20 to 30 percent cheaper than new cars. But there are other good reasons to buy a used car:

• Buying a used car means you can afford a model with more luxury/performance.

• You'll save money on insurance.

• The glut of cars coming off lease makes finding a near-new vehicle, or "cream puff," easy.

• Bigger bargains are possible for the smart used car shopper.

Furthermore, the classic reasons to avoid used cars — lack of reliability and the expense of repairs — are less of an issue. Consider these related thoughts:

• Used cars are more reliable today than ever before.

• Some used cars are still under the factory warranty.

• Most new carmakers now sell certified used cars, which include warranties.

• The history of a used car can easily be traced using the VIN number.

• Financing rates for used cars have dropped in recent years.

True, you can't be the first one on the block with the trendiest vehicle. But your consolation will come with the knowledge that you got a great deal and made a smart financial decision. So read on, as we guide you along the road to used car happiness.