If you're looking to buy a new car on a modest budget, you may find your options limited to entry-level models. However, expanding your search to the used market should bring you more desirable and feature-rich options.

If you're looking to buy a new car on a modest budget, you may find your options limited to entry-level models. However, expanding your search to the used market should bring you more desirable and feature-rich options. Of course, what should you keep in mind when buying a used car? The older the vehicle, the greater the likelihood of mechanical problems.

While there are risks associated with buying any vehicle, understanding the used car market can go a long way in helping you make an informed decision.

Here's a summary of everything you need to know about the most popular avenues for buying used cars to help you choose the right option for your specific needs.

Buying from a Dealer

Dealers typically prepare used cars before showing them to help ensure they meet the expectations of potential buyers. This may include running diagnostic tests to verify the vehicle is in good working order, installing replacement parts (if necessary), and cleaning it.

Buying from a Private Seller

If you buy from a private seller, you may end up paying less for a particular model than if you bought from a dealer. There's usually more room for negotiation when buying a car from a private seller.

However, if you buy from a private seller, you may not have the same level of consumer protection as if you bought from a dealer. If buying a used car is a long-term investment, paying for a professional inspection can help prevent costly repairs in the future.

What Should You Check When Buying a Used Car?

There are many factors to consider when buying a used car:

· Mileage – Mileage affects value. If a car appears to have good mileage compared to used cars, you should investigate whether the mileage is genuine.

· Accident Damage – Check for signs of accident damage and watch for evidence of substandard repair work, such as mismatched paint or panels.

Safety – Checking that your tires, seatbelts, and airbags are in good condition will help you avoid any nasty surprises in the future.

Test Drive – A test drive will allow you to experience the vehicle's handling in various road conditions. You'll also want to note whether any dashboard warning lights remain illuminated when you start the vehicle.

Engine – Does the engine make any concerning noises? Or does the oil warning light illuminate when the engine starts?

Locks, windows, and vehicle controls – Are they functioning properly? Otherwise, you could face significant repair bills in the future.