• 목록
• 답변
• 글쓰기
• 게시판 리스트 옵션
  • 수정
  • 삭제

Open navigation Main Menu Mortgages

Financing your home purchase or refinancing your current loan Finding the perfect lender Additional Information
Looking for a financial advisor? Take our 3 minute quiz and match with an advisor today.



Main Menu Banking

Compare Accounts Use calculators Get advice Bank reviews
Looking for a financial advisor? Take our 3 minute quiz and connect the advisor you want today.



Main Menu Credit cards

Compare with other categories Compare with credit requirements Compare with the issuer
You're looking for the ideal credit card? Narrow your search with CardMatch(tm)



Main Menu Loans

Auto Loans Loan calculators
Find a personal loan within two minutes or less Answer some questions to get offers--with no effect on your score on credit.



Main Menu for Investing

Best of Brokerages and robo-advisors . Learn the basics Additional information
Looking for a financial advisor? Try our three minute test and match the advisor you want today.



Main Menu Home equity

Find the most competitive rates Lender reviews. Use calculators. Knowledge base
Looking for a financial advisor? Do our 3-minute quiz and match to an adviser today.



Main Menu Real estate

Home selling or buying a home Finding the right agent Additional information
Looking for a financial advisor? Try our three minute test and then match up with an advisor today.



Main Menu Insurance

Car Insurance Homeowners insurance Other Insurance Company reviews
Looking for a financial advisor? Do our 3-minute quiz and then match up with an advisor today.



Main Menu Retirement

Retirement accounts and retirement plans Get the basics of retirement calculators Other Resources
Looking for a financial advisor? Try our three minute test and then match up with an advisor today.



The search is open and closed.

Submit


Is now a good moment to buy a secondhand car? Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our mission is to help you make better financial choices by providing you with interactive financial calculators and tools, publishing original and objective content. This allows users to conduct research and compare information for free to help you make informed financial decisions. Bankrate has agreements with issuers such as, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make Money The deals that are displayed on this website are provided by companies that compensate us. This compensation could affect how and when products are featured on the site, such as, for example, the order in which they may appear within the listing categories in the event that they are not permitted by law for our mortgage, home equity and other products that lend money to homeowners. But this compensation does have no impact on the information we provide, or the reviews appear on this website. We do not include the vast array of companies or financial offerings that could be accessible to you.



SHARE:

On This Page on This Page
Prev Next







Kali9/Getty Image
4 min read. Published September 30 2022
Written by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers with the ways and pitfalls of using loans to buy an automobile.







Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since the end of 2021. They are passionate about helping readers gain the confidence to control their finances with precise, well-studied information that breaks down otherwise complex topics into digestible chunks.









The Bankrate promise
More details
At Bankrate we are committed to helping you make smarter financial decisions. While we adhere to strict ethical standards ,
This post could contain references to products from our partners. Here's how we make money .

The promise of the Bankrate promise
Established in 1976, Bankrate has a long track experience of helping customers make smart financial choices.
We've been able to maintain this status for more than 40 years by making financial decisions easy to understand
process and giving people confidence in which actions to do next. Bankrate follows a strict ,
So you can be sure you can trust us to put your needs first. All of our content is created by and edited by ,
who ensure everything we publish ensures that everything we publish is accurate, objective and reliable. Our loans reporters and editors focus on the things that consumers care about most -- various kinds of lending options and the most competitive rates, the most reliable lenders, ways to repay debt, and many more, so you can feel confident when making your investment.



Integrity in editing
Bankrate has a strict policy standard of conduct, which means you can be confident that we're putting your interests first. Our award-winning editors, reporters and editors produce honest and reliable content that will assist you in making the right financial decisions. The key principles We respect your confidence. Our aim is to offer readers reliable and honest information, and we have standards for editorial content in place to ensure this happens. Our editors and reporters thoroughly verify the truthfulness of content in order to make sure the information you're reading is correct. We keep a barrier between our advertisers and our editorial team. Our editorial team doesn't receive any direct payment from our advertisers. Editorial Independence Bankrate's team of editors writes for YOU as the reader. Our aim is to provide you the most accurate advice to help you make smart personal financial decisions. We adhere to strict guidelines in order to make sure that the content we publish is not affected by advertisements. Our editorial team receives no directly from advertisers, and all of our content is verified to guarantee its accuracy. So, whether you're reading an article or a review, you can trust that you're getting credible and dependable information.



How do we earn money?
There are money-related questions. Bankrate has the answers. Our experts have helped you understand your money for over four years. We are constantly striving to provide consumers with the expert advice and tools needed to make it through life's financial journey. Bankrate adheres to a strict code of conduct standard of conduct, which means that you can be sure that our information is trustworthy and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial team is factual, accurate, and not influenced through our sponsors. We're open about the ways we're in a position to provide quality content, competitive rates, and helpful tools to you by explaining how we earn our money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We receive compensation for the placement of sponsored products and services or when you click on certain links posted on our site. So, this compensation can influence the manner, place and when products appear within listing categories, except where it is prohibited by law for our mortgage, home equity and other products for home loans. Other factors, such as our own rules for our website and whether a product is offered in the area you reside in or is within your self-selected credit score range can also impact the manner in which products are featured on this website. While we strive to provide a wide range offers, Bankrate does not include specific information on every financial or credit product or service.



Buying a comes with many advantages, such as a slower depreciation, lower costs and a lower upfront cost. The current situation of the car market is a further proof of the previous point -- new vehicles have reached record levels in the last week of summer. This makes now a good time to consider purchasing a used car. The current state of used vehicle market summer ended with high prices. The average used vehicle was sold for $28,219 during July and similarly at $29,061 during August according to Kelley Blue Book. However, used cars are considerably less expensive than what is offered at new car dealerships. Since the start of the epidemic, the automobile market has been a dramatic shift away from normalcy, and has been inching back towards normalcy without much success. But this isn't all bad news. Although we're not yet at 2021's levels of used price and availability however, it is a great location to buy secondhand according to Chris Frey, Cox Automotive's director of economic and industry analysis. However, the cost of financing, purchasing and maintain vehicles is in the midst of record-high prices. made by the Federal Reserve make the cost to finance your vehicle more expensive , and gasoline prices fluctuate as well. However, financing a used vehicle is still cheaper than buying new at $515 per month versus $667 in the second quarter of 2022 according to . Therefore, by opting for buy a used, less costly vehicle you can save money on your monthly installment. The prices of used cars are slowing, but only a little In general, used prices are falling as per Henry Hoenig, a data journalist at Jerry but not by much. The Jerry team reviewed the best selling vehicles of 2022 and compared them with 2021 models that were lightly used and concluded that "As as of August, just seven out of the 10 cars were worth more than the cost of the previously owned cars." This implies that prices for used cars remain higher than they have been historically, but on par with the current market volatility. The used car inventory also remains much larger than it was, because dealers are still struggling to catch in the supply chain. While prices might be higher than they had been in the past, the inventory of used vehicles is higher than that of brand new cars. The inventory of used cars is up 10 percent compared to the same time last year, according to Cox Automotive's 3rd quarter industry insights, a positive sign for the upcoming year. "Prices remain high due to the fact that there aren't enough vehicles," Hoenig says. "It's important to be aware that this isn't the same as the other COVID-related shortages we experienced." Although manufacturers of other products used in daily life were able to pick back up fairly quickly, cars are much more difficult to manufacture. It's important to be aware that the market for used cars is based on drivers quitting their cars which is why if there aren't so many people who are buying new vehicles, there could be an effect that will affect the availability of used cars down the road. Due to these two elements, you could find yourself facing increased competition and slightly higher prices for used vehicles however that doesn't mean buying a used vehicle an undesirable option. Do I need to buy a used vehicle? The issue of purchasing a second-hand car boils down to the need. There is no perfect and there are many macro-environmental impacts increasing costs. While experts say that the inventory of new vehicles will return to normal by spring 2023, most drivers do not have the luxury of waiting for prices to drop. If you are looking to purchase a car buying used over new can mean money saved. The combined factors of high new vehicle demand and lower inventory, coupled with the usual high rates of interest make vehicle costs more expensive either way, but purchasing used vehicles is significantly cheaper. Top 5 questions to ask when purchasing a second-hand car . Although it is reduced price, it may also bring additional fear that comes with a vehicle's history that is not known. To mitigate these feelings, ask the right questions to gain an understanding of the background of the new set of wheels. 1. What is the ownership history of the vehicle? A vehicle that has many owners is not always good news, but it could mean that the car was plagued by major problems that drivers were trying to avoid fixing or couldn't fix. Ask the dealer how many owners it had as well as the length of time each driver had it. A lot of owners with short spans of time should cause anxiety. Bankrate tip
You should think about purchasing a vehicle. These vehicles must meet additional specifications set by the manufacturer. They must also be covered against any vehicle defects.


2. Did the vehicle have any accidents? While it is easy to check a vehicle's accident history on sites like Carfax or AutoCheck, it is best to speak with the dealer in advance. Even if the collision was minor , it's crucial to understand how the damage was handled and if you'll have to take care of any repercussions during ownership. 3. Are there any maintenance logs? Most authorized vehicle dealerships will have records of maintenance performed on a vehicle, but having a conversation with the dealership directly is an excellent way to assess the vehicle's care. It is best to avoid purchasing an automobile that hasn't been through regular maintenance because it could mean higher costs down the road. 4. Do you have a clear car title? A clear vehicle title states that the car doesn't have any remaining disputes with the ownership of the vehicle and also confirms that the car does not carry any restrictions that hinder the possibility of selling it. If the seller cannot present a clear vehicle title, take this as a red flag and walk away from the transaction. 5. May I take the car out for a test drive? It is essential to get a feel for the vehicle before you sign on the dotted line, especially when it is the used car. Take your time when test driving and try to get a feel for the car's handling and condition. of the car. This is also a great opportunity to speak in a relaxed setting and ask salesperson questions about the car. Following steps: Buying used is a great opportunity to take the wheel of a fairly new car and still save money. And while yes, prices may be higher today but buying used is less expensive than buying a brand new alternative. The trick to getting the most affordable used car comes down to asking the right questions and negotiating the best financing deal. Find out more


SHARE:
Authored by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers with the ways and pitfalls of taking out loans to buy a car.



Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since the end of 2021. They are passionate about helping readers gain confidence to control their finances by providing precise, well-researched and accurate information that breaks down otherwise complex topics into manageable bites.






Auto loans editor




Related Articles Auto Loans 5 min read Mar 02, 2023

Auto Loans 6 minutes read Dec. 1 2022

Auto Loans 3 min read on Nov 21, 2022

Auto Loans 5 min read Sep 27, 2022






About
Help
Legal Cookie settings Do not sell my info
How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our website. Therefore, this compensation may impact how, where and in what order items are displayed within the categories of listing, except where prohibited by law. We also offer mortgage home equity, mortgage and other products for home loans. Other factors, such as our own website rules and whether or not a product is available in your region or within your self-selected credit score range can also impact the way and place products are listed on this website. Although we try to provide the most diverse selection of products, Bankrate does not include details about every credit or financial product or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |
|

(c) 2023 Bankrate, LLC. It is a Red Ventures company. All Rights reserved.

For those who have almost any questions with regards to wherever and also the way to use same day payday loan online bad credit, you'll be able to e-mail us in the webpage.