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12 Things To Look for When Buying a Used Car
WendellandCarolyn / Getty Images
WendellandCarolyn / Getty Images

The market for used cars is looking up as Cox Automotive reports a downward trend in prices.

As new car prices have brought loan payments to $766 a month, used cars are cheaper than new vehicles and can be an excellent choice for drivers in need of saving some money.

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The trouble is that sometimes used cars come with expensive issues, and many of them may be unnoticed by consumers who don't know what to look for.

With the help of auto experts, GOBankingRates compiled a list of what to check when buying a used vehicle to avoid costly repairs later on.

Maksim Shchur / Getty Images/iStockphoto
Maksim Shchur / Getty Images/iStockphoto

The Vehicle's Inspection Report

"You should always request to see the vehicle's inspection report before making the purchase to ensure the previous owner performed routine maintenance," said Moshe D. Pourad, CEO and co-founder of 26 Motors.

"The inspection report will also provide information about how many previous owners the vehicle has had. A vehicle with fewer owners is preferable as different people have different driving habits, which can affect the wear and tear on the vehicle. A well-maintained vehicle will preserve the engine's performance and the life of the vehicle."

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Mikhail Dmitriev / Getty Images/iStockphoto
Mikhail Dmitriev / Getty Images/iStockphoto

Leaking Fluids

"Park the vehicle on flat ground pavement and have it run for at least 10 minutes," said Edward Cole of Vehicle Unleashed. "This allows the vehicle to pump all fluids throughout. Next, move the vehicle and see if any fluids are leaking where the vehicle sat over. Inspect any fluid puddles... You'd be on the lookout for red, blue, black or green fluids. Not a good sign if they are present."

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Mumemories / Getty Images/iStockphoto
Mumemories / Getty Images/iStockphoto

Mileage

"The odometer of an 8-year-old car should have more than 20,000 miles, while that of a 1-year-old car shouldn't have over 50,000 miles," said Ian Lang, senior car advice editor at Bumper. "There may be a problem if the mileage averages out to less than 8,000 or more than 20,000 miles per year."

zssp / Getty Images/iStockphoto
zssp / Getty Images/iStockphoto

Smog Check Certificate

"A smog check is required in at least one county in 33 states," Lang said. "If your state requires an emissions test to register a car, ask if the vehicle has already been certified. You might want to make the test a condition of the sale if it hasn't already been done."