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Where to Start When Selling & Buying a Used Car

Selling and buying used cars is something most of us do probably once every five years. Whether it’s your first time buying or selling a used car (or your 50th) take a moment to brush up with this handy advice.
Used Car Inspection That Works Every Time
You can quickly learn the skills to adequately inspect a used car. Your mechanic should inspect it but knowing what to look for can save you that costly second opinion. Get your hands and knees dirty. Look underneath the car. Test its belts and hoses. Check the oil. Stick your nose in every nook and cranny of the vehicle. Pack an old rag in your pocket. Take good notes. Write down your likes and dislikes. It will help make your decision. It also tells your mechanic where to look for problems.
10 Steps to Buying a Used Car
Edmunds.com, one of my favorite websites for used and new car information, has 10 steps you want to consider when buying a used car. The steps will tell you how to locate, price and negotiate to buy the used car you want.
Get The Paperwork Right
Here’s a complete list of state Department of Motor Vehicle websites (as well as Canadian sites) where you can find out all your needs for selling your used car properly. This is especially important if you selling your car to another individual. Most dealers can handle the paperwork for you.
Replace a Missing Owner’s Manual
It’s reassuring for potential buyers if you can present them with the owner’s manual for the vehicle you’re selling. Heck, you can even find a manual for a 1969 AMC Rambler at this site. (Don’t laugh. My grandmother owned an AMC Rambler.)
When Your Loan Outstrips Your Car’s Value
Miriam Caldwell, who writes about Money for folks in their 20s for About.Com, offers advice that’s good for anybody regardless of age. In a few weeks time she says it’s possible to sell your car even if you owe more than it’s worth.

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