Notice: We are currently experiencing intermittent connectivity issues.  Online Banking and Mobile Banking are currently unavailable. Thank you for your patience as we work diligently to resolve this issue.
Notice: Campbell Branch is currently closed due to building maintenance. We apologize for the inconvenience and appreciate your understanding.
Find the nearest branch or ATM.
Notice: Due to an outage, our phone system, ATM's, Branches, Online Banking and Mobile Banking are currently unavailable. Thank you for your patience as we work diligently to resolve this issue.
System Maintenance: On Thursday, February 15th, we’ll be performing a scheduled maintenance starting at 10 p.m. PST and ending at 2 a.m. PST on Friday, February 16th. During this time, Phone Banking will not be available. Thank you for your patience as we update our systems to better serve you.
We’re experiencing technical difficulties with our phone system. We apologize for the inconvenience.
Find the nearest branch or ATM.
County Federal will never call, email or text you to ask for information. Questions? Dial us directly at 800-282-6212 - we’re happy to help.
Find the nearest branch or ATM.
All County Federal offices and branches will be closed on May 27th, in observance of Memorial Day.
Find the nearest branch or ATM.
Are you impacted by the severe weather? Contact us today to apply for our Emergency Relief Loan.

What do I Need to Know Before Buying a Used Car?

woman in car

What do I Need to Know Before Buying a Used Car?

Q: I’m in the market for a used car, but I’m nervous about getting the raw end of a deal. What do I need to know before buying a used car?

A: Purchasing a used car can be a daunting task, but we can help! Here’s what you need to know before buying a used car.

Set a budget

Review your expenses and income to determine how much you can afford to pay toward your car each month. When researching vehicles that fit within your budget, be sure to include costs like insurance, taxes, registration and ongoing maintenance along with the cost of the vehicle.

Determine your needs and preferences

Next, identify your personal needs and preferences in a used car. Consider the vehicle’s size, engine type, fuel efficiency, features, mileage and age.

Secure funding

It’s best to get funding lined up for your used car before you start your search. Reach out to private lenders or financial institutions and start comparing their loan options and interest rates. When you’ve chosen your lender, consider getting a preapproval for your loan. This will make the actual car-shopping quicker and smoother.

Shop for a car

You’re ready to start car-shopping! Be sure to stick to your budget when looking for a car, and to keep your feature preferences in mind as well.

Next, visit Carfax or AutoCheck, where you can obtain a vehicle history report of the cars in question using the Vehicle Identification Number (VIN). This will provide you with information on the car’s title status, accident history, any recurring maintenance issues and more.

Inspect the car

If you’re familiar with car mechanics, you can inspect the car yourself. Otherwise, consider hiring a professional mechanic to perform the inspection.

If the inspection shows some issues, you may want to walk away. Alternatively, you can use the findings as leverage to negotiate a lower price.

Take a test drive

This is your opportunity to get a feel for the car’s performance and handling. Pay attention to the car’s acceleration, braking, steering and handling, noise levels and visibility.

Negotiate the price

Do some research on the market value of the car you’re interested in, and consider any imperfections that were identified during the inspection. Then, make an informed offer and be prepared to negotiate for a lower price.

Review the paperwork and obtain insurance

Before finalizing the deal, carefully review the title and ownership papers to verify everything is in order. You’ll need to sign a lot of documents at this time, and ensure that your vehicle is properly insured.

Finalize the sale

Use the funds secured through your auto loan to pay for the purchase and the car is yours!

If you’re in the market for a used car, consider an auto loan from County Federal. Our auto loans offer competitive rates and various terms to choose from. Call, Click, or stop by to get started or discuss available options.

Content Source: CUContent

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
Equal Housing Lender
Certified - CDFI - US Department of the Treasury