Tampa Used Cars For Sale and Your Budget

TAMPA, Fla. - March 21, 2013 - PRLog -- The used car professionals at BidOnMyAuto.com issued an informative statement to potential buyers shopping for used cars for sale, covering the basics of determining available finances for a used car; depreciation; car condition and ongoing car expense.

BidOnMyAuto.com explained that people in search of a used car for sale frequently ask how to find the right used car for sale; how high is it safe to go for mileage and what else needs to be considered when searching?  The used car search site explained that there is no subject that is more important than the finances of a potential buyer, as finances are involved in every aspect of automobile ownership.

BidOnMyAuto.com explained that people using the site to search for used cars for sale must first look at the ratio of debt to income, to determine if a monthly auto payment is truly capable of being factored into the budget.  The search site explained that total payments on debt should not exceed thirty-six percent of the pre-tax income for a potential used car buyer.

BidOnMyAuto.com explained that after reviewing the state of financial affairs, a buyer will want to tighten the used car search based upon factors like reputation; reliability and how quickly a used car for sale will suffer from depreciation.  It is best to choose a car that is three to five years old, as most cars lose fifteen to twenty percent of their overall value within three years of rolling off the dealer lot.  In addition to ensuring that a buyer does  not take the hit for depreciation, it is recommended that a buyer search for a car that has been well-maintained and that there have been no major mechanical problems with the car engine

Beyond trying to verify engine condition with maintenance records, a buyer will want to attain a CARFAX® Vehicle History Report™ detailing the history of the used car.  

When verifying the make and model of a used car for sale to purchase, it is also recommended that buyers stay away from luxury used cars.  Automobiles that fall in the luxury category will typically boost the monthly obligation beyond budgetary means for a used car.

BidOnMyAuto.com launched widely as a resource for purchasing Tampa used cars in May 2010.  The online auto purchasing site has steadily worked to build its online presence during the nearly three years since its launch, using the site to list Tampa used cars and provide buyers a credible location for purchase.  BidOnMyAuto.com currently lists 15,000 cars for sale, and invites Tampa residents to check-out how the site works by visiting http://www.bidonmyauto.com online!