If you are in the market for a used vehicle, it is important to be an informed buyer. Here are five key items to research before buying a car:

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Blue Book Value

Whether you are buying from a dealership or a private seller, make sure you are getting a fair price by looking up the "Blue Book Value." With our First Time Car Buyer program, we'll lend up to the amount of the "clean retail" value stated by NADA Guides.

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Vehicle History Report

It is important to know the history of a used vehicle before purchasing it. Members of our credit union can request a free CARFAX report online. Or call us at (313) 581-2002 to request your CARFAX report today!

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Consumer Reviews

Do some research online to see what current and past owners have to say about their experience with the vehicle. Try to avoid makes/models/years that have a trend of experiencing issues.

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Insurance Rates

Before buying a vehicle be sure to request a quote from your insurance agent. Some vehicles are more expensive to insure than others. This is especially important for First Time Car Buyers.


If you don't have an agent, there are many online insurance companies that can generate a quote for you. Keep in mind, if you have a loan against the vehicle, you will be required to have full coverage insurance. 

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Operating Costs

Be sure to factor in the ongoing costs of operating your vehicle such as gasoline, oil, tires, maintenance and repairs. It would be wise to look up the vehicle's fuel efficiency (MPG) and maintenance schedule.


Keep in mind, newer vehicles with fewer miles are (generally) less likely to need costly repairs in the immediate future.

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To learn more about purchasing your first car, call us today (313) 581-2002. You can apply online for your First Time Car Buyer Loan anytime 24/7.


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