SeaComm Federal Credit Union OFFICIAL BLOG

Tips for Buying a Used Vehicle

car buying tips

There are plenty of incentives to buy used instead of new. Continue reading for tips to help you find a good used car that meets your needs and fits your budget!


car shopping

Start your search online. SeaComm’s online auto buying center, Garage Gizmo, allows you to browse through a variety of new and used vehicles in your area. You can narrow down your search by year, make, model, fuel type, drive type and more!



Learn the car’s history. Once you’ve found a used vehicle you are interested in purchasing, run a history report. This is the most important step to follow when shopping around for a used car. With Garage Gizmo, you have access to FREE Carfax reports and Kelley Blue Book vehicle evaluations!



car shopping2

Negotiate the price. Before you visit the dealership, research the market value for the car you want. It is important to keep emotion out of the transaction, and negotiate each part of the transaction separately. Experts suggest that if you are taking out an auto loan to pay for your next vehicle, your monthly payment should not be more than 20 percent of your take-home pay. With Garage Gizmo, you can calculate your loan payment based on the price of the vehicle you would like to purchase, the trade-in value of your current vehicle, and the down payment you can afford!




As a SeaComm member, you might already be pre-approved for a new or used auto loan! With SeaComm’s loan pre-approval program, LoanEngine™, you can view and accept loan offers specifically designed for you. If you qualify for a pre-approved offer, you’ll be presented with it through our SeaComm Mobile 4.0 app or NetTeller in the “My Offers” tab, via email, and/or a letter through the mail. Click here to login to your NetTeller™ to view your current offers! If you don’t have any offers at this time, be sure to check back every 60 days.

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