09/17/2026
Buying a used car goes better when you do things in a specific order.
Most of the expensive mistakes come from doing step 5 before step 4.
Step 1 is the VIN. A history report from Carfax or AutoCheck runs $30 to $45 and covers accidents, title problems, odometer rollback, and owner count. Then run the same VIN through NHTSA's free recall lookup. Any open safety recall gets repaired free at a franchised dealer, no matter how many times the car has been sold.
Step 2 is the model year specifically. Consumer Reports rates reliability by model and year, and the same nameplate can be excellent one year and a problem the next.
Step 3 is the market price. KBB, Edmunds, and CarGurus will show you what the car actually sells for near you, which is a different number than the one on the windshield.
Step 4 is the inspection, and it's the one that pays. An independent mechanic, chosen by you, runs about $150 to $300 in most markets. If the seller won't allow one, you already have your answer.
Step 5 is the out-the-door price. Settle the total number first, then talk financing. Get pre-approved at a bank or credit union beforehand so you have a rate to compare against whatever the dealer offers.
Two small things people forget at signing: ask how many keys come with the car, and check that the spare tire or repair kit is actually there. A replacement key fob for a modern car is not cheap.
Which step would you have skipped?
P.S. Once a week, I email the best money article I read, with my take on this week's top Facebook posts and what's new on the Ways to Wealth blog. It's free, and you can sign up on the Ways to Wealth home page.
R.J. Weiss, CFP®
The content shared here is for educational and informational purposes only. It is not personalized investment, tax, legal, or financial advice. Consult a licensed professional before making decisions based on your specific situation.
