It may seem like it's never the right time to make a big purchase. Maybe you've had some expensive surprises pop up, your personal financial outlook looks brighter in the future, or experts have said to hold off. Those are all valid reasons for waiting, but sometimes you need to spend money – such as when you need to replace an older, broken-down vehicle. Luckily, the current economic landscape is one that's ideal for acquiring a used car. 

Why should you look to buy a used car now? Here are a few reasons the time may be right. 

1. Interest rates are low
WalletHub.com recently reported that interest rates for used cars are at one of the lowest points in years. While you may need to stretch out the payments, the longer loan terms could be ideal for anyone who is focused on sticking to a monthly budget. All you have to do is shop around for the right deal. 

2. Used cars for sale are high quality
Purchasing a used car doesn't mean you're buying a low-quality vehicle. In fact, many options are only a few years old, and as a result, they offer plenty of valuable features that make your driving experience better. Many boast impressive fuel efficiency as well, ensuring you can spend less at the pump throughout your time as an owner. 

3. You don't have to wait for credit 
Even if you need special financing to purchase a used car, you don't have to wait long to complete the process. In fact, locations like New Jersey State Auto Auction offer same-day credit approval for any buyer. You can even start the paperwork online before heading to the car lot to choose your ride, sign your name and start driving. 

4. There are other ways to save
Spending a little more money to get a car isn't the end of the world – especially with so many other ways to save. In addition to negotiating the right financing option, you can also take advantage of low gas prices to stick to a budget. Brushing up on some knowledge relating to maintenance and repairs can also help keep cash in your wallet, as you won't be spending as much for oil changes and other types of routine work.