 TITLE: How to Buy a Used Car CONTENT: Impacts to Your Credit\n----------------------\nLike any other type of loan, a car loan can impact your credit either positively or negatively, depending on how you handle it. Your lender will alert the major credit bureaus of your new loan and report your payment history. Making your payments on time will help improve your credit score; missing a payment will hurt it. Miss too many payments, and you'll be back to taking the bus or bumming rides from friends when your used car gets repossessed.\nBuying a used car can be a more affordable alternative to buying a new car. The key is to take your time. Assess your budget, arrange your financing and inspect the car thoroughly before you make an offer. By educating yourself and being prepared, you can find the car of your dreams at a price that won't drive you into the red. END