Instead of buying a new car, opting for a used one can be a smart way to save money. Not only will you save money on the car’s cost, but other expenses such as car insurance, registration, taxes, and more will also become affordable. Additionally, buying a pre-owned car allows one to reap the benefits of depreciation borne by the first owner. If you plan on buying a used car, here are a few tips to consider. Set a budget before buying the car While a pre-owned car is often cheaper than buying a new car, there is still the possibility of overspending. This is because sometimes people end up liking a late-model used car, which can be considerably more expensive than a new car. Therefore, it is advisable to limit one’s options by setting up a budget. List your requirements (features of the car) When buying a used car with a fixed budget, it can be overwhelming and confusing to choose from the numerous available options. To simplify the process, it is essential to identify the features that are essential for your travel needs. For example, if you require a family car, you should look for models that have a roomy cabin with sufficient cargo space.