Posted on 6/27/2025
Buying a used car seems like a smart financial move, and it often is—lower purchase price, slower depreciation, and potentially lower insurance rates make used vehicles attractive. But those savings can quickly vanish if you're not prepared for some of the hidden costs that come with buying pre-owned. To make the best decision, it's helpful to look beyond the price tag and consider all factors that can impact the true cost of ownership. Here's what you should be aware of before signing the paperwork. Inspection and Repair Surprises One of the most common and costly mistakes is skipping a pre-purchase inspection. A car may look fine and drive well during a test, but unseen issues like oil leaks, worn suspension parts, or fading brakes might surface soon after you bring it home. Even used cars sold through dealerships that claim to inspect vehicles may still have underlying issues. Obtaining an independent inspection may incur a small up ... read more