What to consider before buying a used car
A survey from Ally Financial and conducted online by The Harris Poll found that 69% percent of Americans would be likely to consider a used vehicle for their next auto purchase.
Matthew Arnold, senior regional vice president of Auto Finance at Ally Financial recommends the following steps when researching used vehicles:
• Get a vehicle history report. The minimal cost is worth the investment, and some car dealers will provide it for free upon request.
• Consider buying certified pre-owned. CPO vehicles are backed by the manufacturer and are a good option for used car buyers concerned about reliability.
• Give yourself peace of mind. Vehicle service contracts can help cover unexpected repairs and replacements parts.
• Do your homework. Go online and check independent sources on vehicle reliability and dealership reviews. You can also check the local market value for a specific model based on its mileage and condition. To get savvy about car buying and ownership in general, visit Ally.com/do-it-right/car