Buying a new car is a huge investment, so knowing how to make the best decision for your vehicle and wallet is important. Here are the top tips to help you look for the perfect used car.

1: PRICE

In the current economy, you must rely on what you can afford. If you can afford more, then buy more. If you must budget, tell yourself that your next vehicle will last approximately the same time as the rest of your family’s vehicles. That way, you don’t feel like you’re putting yourself in debt.

2: CREDIBILITY OF SELLER

When buying a car from a used car lot, be sure the salesperson is truthful. Ask the salesperson where they got the car and have him or her show you the title. If any of the information on the title is different than what he or she said, walk away. Also, know your state laws regarding receiving a copy of them when purchasing a vehicle and make sure they follow them.

3: WARRANTIES

Is the car close to an expiration date on any of its factory-backed warranties? Does it have a third-party warranty? Do your research, and you might get a better deal on one or both of them if the car is under their terms.

4: SERVICE CONSULTANT AT DEALER

When you buy a car at a dealership and ask for a service consultant, you will most likely get one trying to sell you something. If they do not know what they are talking about, ask for someone who does. Also, if you have your mechanic that can prove something he fixed was already under warranty, kindly let the service consultant know that.

5: CONDITION OF THE VEHICLE

Take a look around the car, and get to know the insides. Look for any items in odd places, like accessories attached to something else or batteries hidden under seats.

6: PREVIOUS OWNERSHIP RECORDS

How many owners did the car have? The more owners, the more likely there will be problems. If a car has only one owner, that’s a good thing. If the owner sold it to a dealership, you might want to ask why he or she would do that. Find out if the owner kept up with the vehicle’s maintenance and ask for records proving as much. Make sure all these records are in your possession before purchasing the vehicle.

To spend a little money to reduce the risk of losing a lot of money is worth it. The last thing you want is to buy a car that becomes your biggest nightmare. Remember to make careful choices for your family and budget for any problems. Your next car could be the one that lasts you the longest and has the best reliability.