How much is your spending limit on your car ?

Make sure you have a clear idea how much you want to spend on the used car and whats your limit.

• How much down payment can you make?

• What amount you can handle as a monthly installment ?

If you are planing to make the payment in cash then no issues but if not then it's a good idea to get pre-approved for financing up front.

Then you'll have a fair idea how much and where you can spend. Keep in mind, the interest rate on a used car will most likely be higher than a new-car loan.

See How do I get the best deal? below to learn more about your financing options.