May 21, 2013 11:21 AM EDT
Top Tips to Consider When Buying a Used Car Revealed by Loan Comparison Site

QuickLoansBadCredit.org has published a new tip sheet to help consumers research, find and purchase a used car. The tip sheet is available for free from the website according to a company press release.

The new piece is called "Top Tips for Buying Used Cars" and offers advice and links to websites for searching and buying used cars.

The site has been motivated to produce this guide in order to facilitate mindful and affordable car purchase decisions by consumers reading the tips.

"As used cars represent a more affordable way for many consumers to enjoy the benefits of a newer vehicle without the prohibitively high cost associated with new cars, we decided to publish a guide full of great tips on how to go about searching for a used car," said Sam Milo, spokesperson for QuickLoansBadCredit.org.

Among the used car tips the study mentions includes:

  -Checking out big chains

  -Checking the odometer

  -Getting the vehicle checked by a mechanic

  -Making sure the vehicle is registered

Click here to read the complete tip sheet.

Studies show that used cars three years or older are average between 30 to 40 percent cheaper than new vehicles, when carefully selected.

"It is important to treat the search for a used car as a serious undertaking, as a car is often one of the biggest expenses that a consumer has, beyond their rent or mortgage. We invite consumers to read the tip sheet and hope that it is useful for their search," said Milo according to the company press release.

The site is capable of connecting a number of competitive lenders that offer auto loans. Accepted and approved loans can be paid into bank checking accounts as soon as 24 hours after approval in most cases according to the company release.

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