The cost of the average used car has risen 16 percent over the last several months, but experts say with a little research, consumers can still get a good deal, Consumer 10's Kurt Ludlow reported on Thursday.
Sarah Kebe's shopping for her first car and with a budget of $7,000 or less, she must get the right car at the right price.
"I'm looking for a car that will get me through four years of college," Kebe said. "Get what you need, not what you want."
Paul Hinterschied's College Car Company has been in business for 26 years.
Hinterschied said he prefers customers like Kebe and her dad, who come prepared.
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"I think they're a lot more educated than they were 10 years ago but there is still some things everybody should know," Hinterschied said.
Hinterschied suggests anyone in the market for a car find a dealer with a good reputation, and rating from a consumer group like the Better Business Bureau.
"Do your research first," Hinterschied said. "An educated consumer is an effective one."
Michael Sacks is a car-buying expert who works for LemonLaw.com, a Web site dedicated to helping consumers.
"You know, used cars are wonderful bargains because the minute you drive a new car off the lot, it depreciates so much," Sacks said. "So I agree with used cars, I've bought used cars myself. But you need to ask the right questions."
Sacks said one of the most important questions is about the car's history.
"Was the car in an accident? They don't have to tell you if you don't ask," Sacks said.
You can run a Carfax or Autocheck report for about $30 that will provide information on frame damage, flood damage, and whether it has been deemed a lemon, Ludlow reported.
Hinterschied said most used cars are sold "as is," meaning there is no warranty.
Some cars come with a manufacturer's warranty, but warranty or not, buyers should insist on taking the prospective car to a mechanic and ask the dealer to split the cost 50-50, Ludlow reported.
"If that dealer says 'No I'm not interested,' that's a red flag, no matter how nice that car may be, that's a red flag," Hinterschied said. "If something feels wrong, it's wrong. Trust your gut."
Car dealers said a simple checklist can help keep the buying process organized.
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