When the time comes to close the used-car sale, there are a few important items to take care of. Have the seller get a smog test for the car if your state requires one. Check the registration to ensure it is current. Make sure the seller gives you the title (also called a "pink slip"). If the owner still owes money on the vehicle, you may have to contact his or her bank or credit union to complete the transfer of ownership. Some states require the seller and buyer to complete a bill of sale. This document is good to have in case you are pulled over and haven't yet registered the vehicle. To prevent any hassles like that in the first place, go to the Department of Motor Vehicles as soon as possible to register the vehicle in your name and pay any appropriate taxes.
Cars, trucks, motorcycles and other vehicles are available on this classic bidding site. You can either bid on a vehicle or, if available, buy at the set price. You can also look at satisfaction ratings to see if a seller has a history of satisfied customers and is legitimate. Daily deals on car parts and other accessories also provide opportunities for savings.
Cons: While buying new might be the most satisfying way to buy a car, it's also the most expensive. Some cars depreciate faster than others, but no matter what you're buying, your new car is going to experience depreciation the minute you drive it off the lot. That's not to say buying a new car isn't a good value, but it's a financial hit you should keep in mind if you're shopping for a new car. Consider doing a little homework on the depreciation rate of the car you have your eye on before pulling the trigger.