Car Hunting With a Mechanic So you are in Seattle and so are looking for a high quality car. You have the money but believe that buying used is the smart move to make in this tough economy. Lets say youll need a Honda Civic. With hundred plus car dealerships in a very an hour drive or less radius across the Seattle area there are probably five thousand Honda Civics all in your price range. You need to produce a plan. First, you should choose how long you will maintain the car. If its going to be long haul, you can purchase a newer car, say 2007 or newer. This insures that you will get the top mileage and perchance warranty about the car. No matter what your plan, the biggest factor to deciding what car to purchase could be the mileage about the car. The lower the mileage, by way of example 30,000 miles or less, the greater condition the engine come in. Also, if you undertake turnaround and sell the car inside a year or two, the reduced the mileage for the car, the easier it will be to market. To calculate monthly payments you need to know total price (including taxes and registration), the downpayment, monthly interest and term of ones loan. If you are having difficulty staying in that 20% range youve options. You can raise your advance payment, thus reducing the amount of your respective loan. A $20,000 loan for 4 years at 5.5% interest will cost you $465 a month. If you are able to provide $2,000 for a advance payment your payment amount will visit almost $50. A way to raise your deposit is usually to sell your motor vehicle by yourself, cheap insurance for new drivers rather than trade it in. Another option is that you may request that loan having a long term. Extending that $20,000 loan at 5.5% interest from 4 years to 5 years will shave over $80 off your payment per month. Extending it to 6 years is going to take another $47 off your payment amount. One thing you should bear in mind if youre considering this really is the longer the definition of from the loan is, the larger your interest might be. Generally 4 and 5 year loan terms will have the identical interest rates, but 6 year terms will carry higher rates. Deciding which car to purchase is definitely an emotional decision high are many factors that go in it. Once you are actually exploring the vehicles you may be easily swayed by a remarkable engine or svelte aesthetics. It is fine to obtain the car you truly want, but you would be wise to refer returning to that original list you have made of necessary features. You must do my way through your capability to ensure the car influences greatest condition. Check for water damage inside, odd smells, scratches, dents, and anything bad looking. Get beneath the car and inspect it for damage or something that they just dont would like you being aware of. Buying certified is the best strategy to use. If the CarFax can be acquired for that car, definitely have a lot and examine its history. You may have to do that for 25 cars prior to deciding to find the correct one. The key is to take your time and effort and make use of the resources on hand. So do your quest and you will be rewarded. Happy car shopping. When you finally pick the car that you might want, do what you can to make the financing cover as short an amount of time as is possible. It is never worth every penny to drag out your financing process, because you usually find yourself paying more cash than you should. Be smart in terms of financing and loans, and you will probably likely save a lot of cash.