Here are 4 red flags to watch out for when buying a car

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Here are 4 red flags to watch out for when buying a car. (via CNBCMakeIt)

With those prices, it's not surprising that almost half of Americans think owning or leasing a car is becoming too expensive, according to aof over 3,000 recent car buyers. And yet that same survey found that Americans are spending less time shopping around for the best deals and making the decision to buy faster.

Making a snap decision on a car is never a good idea, according to experts. You could end up missing red flags that would help you avoid paying too much, or worse, getting scammed.1. A price too good to be true Everyone wants to score a deal, but if you've done the research, and the car is dramatically underpriced, you should be a little skeptical.flags as particularly egregious. A seller will post a listing for a vehicle, typically a classic or luxury car, that is priced way below market value. When an interested buyer contacts the purported seller, they're told the car is outside the country, but that it can be shipped to the U.S. if the buyer wires the money.

Trust your gut, as the saying goes. "If a deal feels 'fishy' or sounds too good to be true, it probably is," according to the NCL.

 

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