The perks of purchasing a used car are the low initial price, property taxes, and insurance costs.  The “downs” are that it isn’t new, which means there’s no auto warranty and you are more vulnerable to car problems.  However, you can reduce your exposure to risk by taking these precautionary measures.

First, shop for used vehicles that are newer, which might still have a portion of their new car warranties left.  Most late model cars have three-year/ 36,000-mile basic auto warranty coverage, so you could get a year of coverage if you look for cars less than three years old.  Otherwise, you should purchase an auto warranty to cover your used vehicle.

Next, check the background of the make and model car that you are looking at.  Go to the National Highway Traffic Safety Administrations website to check out recall and safety information.  Also, it never hurts to take a look at Consumer Reports to see if the particular car you like is problematic.

Also, you should always have a mechanic look at the car you are thinking of buying.  This will let you know if the vehicle has been well maintained or has any major problems.

Used cars are a great option for people who don’t want to pay for the instant depreciation associated with new cars.  Just make sure to protect yourself by doing your research and purchasing an auto warranty.