 TITLE: How to Buy a Used Car CONTENT: Things to Watch Out for When Buying a Used Car\n----------------------------------------------\nThe real cost of a used car is more than just your monthly payment. Remember to factor in expenses such as maintenance, gas and insurance, keeping in mind that an older car is more likely to need costly repairs than a new one.\nBe wary of any dealership or seller that isn't completely honest with you. Sellers should be willing and happy to show you the vehicle's service reports, let you take it to your mechanic for inspection, and answer any questions. A seller that won't do these things probably has something to hide.\nFinally, watch out for \"buy here, pay here\" (BHPH) auto dealerships. Traditional dealerships pass your purchase contract on to an auto lender that provides a loan. BHPH dealers finance your purchase themselves. Because their lending criteria are looser, BHPH dealers primarily appeal to people with bad credit who can't get auto loans anywhere else. That also means they charge very high interest rates—often up to the maximum your state allows—and may also pile on additional fees. If you're having trouble getting an auto loan, there are better ways to get a car with poor credit than a BHPH dealership. END