fbpx Launch Icons SVG sprites for Launch site navigation The HomeAdvantage Home Buying Center Zero Checking Low Loan Rates Low Loan Rates App Store Google Play
Launch will be closed Monday, May 26, for Memorial Day.   Learn More

The Guide to Buying a Used Car

Updated: December 15, 2023

If you’re in the market for a used car, you are not alone. There are millions of used cars exchanged annually. With such a large number of used vehicles on the market, how do you go about choosing the right one for you? This guide will provide you with information to help alleviate some of the stress associated with buying a used car.

1. Know How Much You Can Afford

Before you start shopping for a used car, it’s important to know how much you can afford. Utilize our car affordability calculator to help you determine this. Also, get pre-approved for vehicle financing before you visit the dealer to save time and money!

2. Research the Make and Model

Picking the right make and model is essential. There are many resources available that can help you determine the best car for your specific needs. Sources such as Edmunds Reviews and Consumer Reports are great places to start.

Couple using a laptop and calculator
Toy car on top of coins

3. Do a Price Check

Before you begin shopping, do some research to determine the market price of the vehicles you like. A car model-pricing guide such as Kelley Blue Book is a great resource to help you accomplish this. To get an accurate estimate, make sure to include these features when utilizing a pricing tool:

  • Year, build, and model
  • Vehicle options
  • Mileage
  • Condition level

4. Examine the Vehicle

Examining a vehicle is essential. Make sure to thoroughly examine the exterior of the car, as well as the tires, engine, suspension, brakes, and vehicle’s steering components.

5. Take it For a Test Drive

Before you purchase a car, take it for a test drive. A vehicle may appear pristine on the outside, but a test drive could uncover hidden issues. Plus, you want to make sure that you like the way the car handles.

Person giving a thumbs up inside a car
A couple signing papers at a car dealership

6. Check The History Report

Never buy a vehicle without checking the vehicle’s history report. Reviewing the history report helps to identify odometers that have been rolled back, salvaged titles, and even accident history.

7. Don’t Be Afraid To Negotiate

Utilize the information you gathered during your research as ammo at the dealership. Compare the dealer’s asking price to the average market price you found online. In many instances, you will see that the seller is asking more than the market price of the vehicle. Remember, it’s okay to walk away if you are unable to negotiate a price that makes you comfortable.

Related Posts

May 2, 2025
Moving Soon? Avoid These Common (and Costly) Mistakes If you're moving soon, make sure to avoid these common pitfalls. We want your move to be as stress-free as possible!
April 24, 2025
Beware of These Travel Scams When booking your next vacation, watch for these common travel scams that can cost you time, money, and peace of mind.
March 26, 2025
Financial Capability Month Challenge: 30 Days to a Better Budget April is Financial Capability Month. Join Launch CU's 30 Days to a Better Budget challenge and take control of your finances this month!
Visit any branch location to open your account. For questions call 321-455-9400 (inside Brevard) or 800-662-5257 (outside Brevard).
Back to top