Each year hundreds of thousands of used cars change hands. Some deals are great buys; others are not so good. Follow these tips for buying a used car to help you get the best value for your money.
It is always better to find out whats wrong with a used car before you buy it rather than after you own it. Carfax vehicle history reports are a great way to get this information. Carfax collects information from around 5,000 different sources. But, remember the report is only as good as the information reported. If the car is in an accident but the accident is not reported, the information isnt going to be in Carfax. Thats why you still should have the vehicle inspected before purchasing it.
A mechanical inspection is the surest way to find obvious problems with the vehicle. The mechanic will easily be able to tell if there are leaks, corrosion, frame damage, hidden damage, brake or suspension problems, engine problems, and other obvious mechanical issues. The mechanics report however, will not tell you anything about the history of the car such as whether it has been in an accident.
Always take the car for a test drive. Make sure you dont just drive it on city roads. Take it out on the highway and get up to highway speeds to make sure you like the ride, how quiet the car runs, steering, and other elements like how good your visibility is and blind spots. Decide whether you are comfortable driving the car. If you arent comfortable, then its not the car for you.
You can save a great deal of money on your used car by shopping around for good financing. Some lending institutes offer better rates than others. There are many institutes that offer a hassle free online service thats as simple as filling out an online application. Once your financing is approved, they will send you the check to take to the dealer.
If you have the opportunity to purchase an extended warranty for your car, it can be a good investment. An extended warranty can protect you from breakdowns and save your pocketbook from some serious strain.
There are two types of coverage; bumper to bumper and powertrain. Bumper to bumper covers almost everything, while a powertrain warranty covers major breakdowns like engine and transmission. The cost between the two types of coverage can be significant, but depending on the age of the car and type of car bumper to bumper coverage can be worth the extra money.
There are several good website resources for finding out what a vehicle is worth. You can search by category, make, model, and price. If you do an Internet search for used vehicle prices, youll find several good resources.
If you cant find the car you want locally, buying a car online is another option. Just do your research to make sure the dealer is reputable. Its always a good idea to only put a deposit down and then pay the balance once youve inspected the car and it meets your expectations.
These tips for buying a used car will keep you stress free and help you make the best buy possible.
Tags: Blind Spots, Breakdowns, Buying A Used Car, Carfax Vehicle History Reports, Change Hands, City Roads, Extended Warranty, Frame Damage, Helpful Tips, Highway Speeds, History Of The Car, Hundreds Of Thousands, Leaks, Mechanic, Mechanical Inspection, Mechanical Issues, Suspension Problems, Test Drive, Tips For Buying A Used Car, Vehicle History ReportsRelated posts
Buying a car is one of the largest investments many people make in their lives-and more and more, people are bypassing new cars for used models. In fact, used cars have become big business in the U.S. and today, consumers have choices that stretch beyond the big lots and dealerships.
Just remember that when you’re buying a car-new or used-it’s important to get the facts first. Doing so can help you be more certain you’re actually getting the car you want at the price that’s right.
“Buyers should be sure to consider all the angles-from mileage, model and vehicle history, to warranties and financing,” says Brad Eggleston of AutoVantage. Here’s how to protect yourself:
• Check out the model’s repair record, maintenance costs, and safety and mileage ratings in consumer magazines or online. Check the National Highway Transportation Safety Administration’s Web site (www.nhtsa.dot.gov) to see if the car you are considering has any recalls associated with it.
• Get a vehicle history report from Experian Automotive (www.autocheck.com). It’s a cheap way to ensure you’re not the victim of odometer fraud and that the car wasn’t in a fire, flood or accident.
• Dealers are required by the Federal Trade Commission to post a Buyer’s Guide in every used vehicle offered for sale. Read it. This guide provides important information about the car and always overrules your sales contract.
• Consult the Kelley Blue Book to learn what a car is worth before going to the negotiating table. Be prepared to bargain for the best deal on your car. Also, visit a qualified mechanic for an automotive diagnostic and inspection before buying. Check the Car Care Council’s Web site (www.carcarecouncil.org) to find certified mechanics.
• Take a serious test drive. Test the acceleration and give the brakes a workout. Make sure the steering wheel doesn’t wander from left to right or shake. Drive up and down hills, down highways and through stop-and-go traffic.
• When financing, beware of advertisements offering tempting deals to folks with bad credit or first-time buyers. Find out the exact price you’re paying for the vehicle, the amount you’re financing, the finance charge, the APR and how many payments you’re up against.
Tags: Autovantage, Big Lots, Buying A Used Car, Car Care Council, Consumer Magazines, Dot Gov, Drive Test, Eggleston, Federal Trade Commission, Fire Flood, Highway Transportation, Kelley Blue Book, National Highway Transportation Safety Administration, Nhtsa, Record Maintenance, Sales Contract, Steering Wheel, Tips For Buying A Used Car, Transportation Safety Administration, Vehicle History ReportRelated posts
Tips For Buying A Used Car And Avoiding A Lemon
Do some homework before you start shopping for a used vehicle. Think about what your needs are, what your driving habits are, and what your budget is. You can learn about vehicle models, options, and prices by reading dealership ads in the newspaper as well as reading the classifieds.
There is also a host of information about used cars on the Internet. Enter the words USED CAR as keywords for searching and you will find information such as how to buy a used car, how to conduct a pre-purchase inspection, ads for cars available for sale, as well as other information.
Your local library and book stores are another source of good information. They have publications that compare car models, options, and costs; as well as offer information about frequency-of-repair records, safety tests, and mileage.
Once you’ve narrowed your car choices, research the frequency of repair and the maintenance costs on those models in auto-related consumer magazines. For information on recalls, contact The U.S. Department of Transportation’s Auto Safety Hotline at 1-800-424-9393.
When you find a vehicle you are seriously interested in, considering using one of the vehicle history services available online to find out what that vehicles history is. Some of the services available include an odometer check to help you make sure the mileage on the vehicle is accurate; checking the registration to find out if the vehicle was a rental, a lease, private party, or fleet vehicle; a title check; as well as finding out if the vehicle is a lemon, was in a major accident, was a salvage vehicle, or was ever reported stolen.
There is typically a fee for these services, but spending a little money to find out the exact history of the vehicle can save you serious money and headaches down the road. In order to use one of these services, you will need the VIN from the vehicle. Enter the keywords VEHICLE HISTORY in an Internet search engine such as Google or Yahoo. It will yield results for several organizations that offer these services such as http://www.carfax.com and http://www.autocheck.com
For financing you have two choices. One is to pay in full at the time of purchase. The other option is to finance over time. If you finance, the total cost of the vehicle increases because you are also paying for the cost of credit which includes interest and other loan costs. If you are going to finance, consider how much money you can put down on the car, your monthly payment, the length of the loan, and the annual percentage rate. Keep in mind that annual percentage rates are typically higher on used vehicles. The loan period is typically shorter on a used vehicle as well.
Dealers and lenders offer a variety of loan terms and payments schedules. Shop around. Compare offers. Negotiate the best deal you can. Be very careful about advertisements that offer financing to first time buyers and to people with bad credit. They typically require a big down payment and have a high annual percentage interest rate. If you agree to financing that carries a high interest rate, you might be taking a big risk. If you decide to sell the car before the loan is paid in full, the amount you receive from the sale of the vehicle may be far less than the amount you need to pay off the loan. If the car is repossessed or declared a total loss because of an accident, you could be obligated to pay a considerable amount to repay the loan even after the proceeds from the sale of the car or the insurance payment have been deducted.
If you decide to finance, make sure you understand the following aspects of the loan agreement before you sign any documents:
1) the exact price you are paying for the vehicle, not just what the monthly payments are
2) the amount of your finance charges (the exact dollar around the credit will cost you)
3) the annual percentage rate (APR)
4) the number of monthly payments and the amount of each monthly payment
5) the total cost of the vehicle (including tax, title, registration, finance costs, etc.)
Used cars are sold through numerous types of outlets: franchise dealers, independent dealers, rental car companies, leasing companies, used car superstores, private party sales and the Internet. Check with family and friends for recommendations on where to buy a vehicle. It is also a good idea to call your local Better Business Bureau and/or the State Attorney General office to find out if any unresolved complaints are on file about a particular dealer before you decide to do business with them.
There is a lot of hype in ads you will see. Some dealers are attracting customers with no-haggle prices, factory certified used cars and better warranties. Consider the dealers reputation when evaluating these ads.
By law, dealers are not required to give used car buyers a three day right to cancel. The right to return a car in a few days for a refund exists only if the dealer grants this privilege to buyers. Before you purchase from a dealer, ask about the return policy. Get the return policy in writing and read it carefully to be sure you understand it.
The Federal Trade Commission’s Used Car Rule requires dealers to post a Buyers Guide in every used car they offer for sale. This includes light-duty vans, light-duty trucks, demonstrators, and program cars.Demonstrator vehicles are new vehicles that have not been owned, leased, or used as rentals, but they have been driven by the dealer staff. Program cars are low-mileage, current-model-year vehicles returned from short-term leases or rentals.
Buyers Guides do not have to be posted on motorcycles and most recreational vehicles. Anyone who sells less than six cars a year does not have to post a Buyers Guide.
The Buyers Guide must tell you the following:
1) whether the vehicle is being sold as is” or with a warranty
2) what percentage of the repair costs a dealer will pay under the warranty
3) that spoken promises are difficult to enforce
4) to get all promises in writing
5) to keep the Buyer’s Guide for reference after the sale
6) the major mechanical and electrical systems on the car, including some of the
major problems you should look out for
7) to ask to have the car inspected by an independent mechanic before you buy.
When you buy a used car from a dealer, get the original Buyers Guide that was posted in the vehicle, or a copy. The Guide has to reflect any negotiated changes in the warranty coverage. It also becomes part of your sales contract and overrides any contrary provisions. For example, if
the Buyers Guide says the car comes with a warranty and the contract says the car is sold “as is,” the dealer must give you the warranty described in the Guide. When the dealer offers a vehicle “as is,” the box next to the “As Is – No Warranty” disclosure on the Buyers Guide must be
checked. If the box is checked but the dealer promises to repair the vehicle or cancel the sale if you’re not satisfied, make sure the promise is written on the Buyers Guide.
Some states, do not allow as is sales for many used vehicles and some states require different disclosures than those on the Buyers Guide. Check with you state Attorney General office to find out what the laws are in your state.
Tags: Auto Safety Hotline, Buying A Used Car, Car Models, Consumer Magazines, Exact History, Fleet Vehicle, History Services, How To Buy A Used Car, Internet Search Engine, Maintenance Costs, Major Accident, Odometer, Odometer Check, Pre Purchase Inspection, Private Party, Safety Tests, Serious Money, Tips For Buying A Used Car, Vehicle History, Vehicle ModelsRelated posts
Tips For Buying A Used Car At A Used Car Auction
Are you interested in buying a used car from an auto auction or a used car auction? If you are, have you ever done so before? Unfortunately, when it comes to buying a used car from a used car auto auction, there are many first time bidders who end up making costly mistakes. To prevent yourself from being one of those used car auction bidders, you will want to continue reading on, as a few helpful used car auction tips are touched on below.
Perhaps, one of the most important things that you need to remember, when it comes to buying a used car from a used car auction, is that not all used car auctions are the same. Auto auctions come in a number of different formats. For instance, there are auctions where only used cars are sold and then there are others auctions where a large number of products, including used cars, are being sold. To have a larger selection of used cars to choose from, you may want to focus solely on auctions that specialize in the auctioning of used vehicles.
In keeping with the type of used car auction that you wish to attend, it is also important that you examine whether or not you are even able to attend. If you are just one lone individual who is looking to buy a personal car for yourself, you will want to try to find a public used car auction. Public used car auctions are auctions where anyone is able to walk in and place a bid on a used car. It is important that you know what type of used car auction you plan on attending, as there are auto auctions that require proof of a dealership license.
In addition to the type of used car auction that you wish to attend, it is also important that you examine how the auction is operated. For instance, are you required to arrive at the auction and bid on a vehicle that you have never previously seen or had the opportunity to examine? While a large number of auto auctions work this way, you may only want to attend auctions that give you the opportunity to inspect their used cars. This inspection session, if it is available, is often scheduled in the days leading up the used car auction. In addition, you may want to see if the auction house or company in question has an online website. If they do, you may be able to find information, including pictures and detailed descriptions, of some of the cars that at the auction.
It is also important that you examine methods of payment accepted before you start bidding on a used car at a used car auto auction. Unfortunately, many first time bidders mistakenly believe that all auto auctions accept the same methods of payment. This is a mistake can be troublesome and result in a large hassle. That is why it is important that you examine the methods of payment accepted. In most cases, you will find that cash, credit cards, or certified checks are accepted. In some rare cases, you may be able to find a used car auction house or company that offers financing or one that accepts personal checks.
Before bidding on a used car at a used car auction, it may be a good idea for you to speak to an auction representative. Depending on the auction house or company in question, you may even be able to do so before attending an auto auction. When speaking to a company representative, you will want to inquire about the documentation that you will receive when you bid on and buy a used car. After buying a used car, you will need to register it with your local Department of Motor Vehicles (DMV). To register a vehicle with the DMV, you need to have proof of ownership. Most well-known and reliable used car auction houses or companies will automatically provided you with the required documentation, but it may still be a good idea to get verification ahead of time.
Since the used car auction that you choose to attend will have a significant impact on the success that you see, when buying a used car, it is important that you choose your auto auctions carefully. If you are a Chicago resident, a resident of a surrounding area, or would be willing to travel there, you may want to examine North Shore Auto Auction.
Tags: Auction Bidders, Auction Car, Auction Tips, Auto Auction, Auto Auctions, Bid, Buying A Used Car, Car Auction, Car Auctions, Car Auto, Car Buying, Car Tips, Cars, Costly Mistakes, Important Things, Personal Car, Proof, Public Auction, Public Auctions, Tips For Buying A Used CarRelated posts
While you can get a great bargain by purchasing a second hand car you can also get nothing more than an old banger if you dont take care. When it comes to purchasing a second hand car from a private dealer there are different rules than if you bought from an established dealer. One of the biggest differences are your consumer rights – or lack of them.
While there are many honest and trustworthy people out there selling used cars there are also some dodgy characters and of course sometimes it is hard to tell the difference. One of the best tips when buying a car from a private dealer is to pay a small fee to have a car data check carried out. This will check such things as the previous owner of the car, mileage data associated with the vehicle and if there are any problems relating to finance or insurance.
When going to look at a second hand car sold by a private buyer you should consider taking someone with you who knows about cars. If you dont have someone who knows enough about cars and what to look for when buying second hand then it could save you money and heartache in the long run if you were to pay a mechanic to go and look over the car with you before committing yourself to purchasing it.
When buying privately make sure that you learn as much as you can about the make and model of the particular car that you are going to look over. Do an online search through used cars for the model and make sure that you have a very good idea of what that particular make and model is selling for.
When buying privately always make sure that you go and look over the car in daylight. If the seller is wary of letting you do this then it is very likely that they have something to hide. The seller should be able to answer all your questions willingly about the history of the car. If they tell you they dont know or are unsure because they are selling the car for a friend or relative then you should stay clear and look elsewhere. They should also be able to provide you with all the necessary documentation relating to the cars history.
If you are buying from a dealer then be aware of all the added extras which they could try to entice you with and ask yourself if you really need them. Also be careful when it comes to taking any payment protection insurance associated with any car finance through them as this can boost the price up drastically of the car.
Tags: Banger, Bargain, Buying A Used Car, Car Data, Car Mileage, Heartache, History Of The Car, Insurance, Mechanic, Mileage, Mileage Data, Online Cars, Private Buyer, Private Dealer, Purchasing Car, Second Hand Car, Selling Cars, Selling Used Cars, Tips For Buying A Used Car, Trustworthy PeopleRelated posts
It is possible to get a great bargain when purchasing a used car, but on the other hand if you know very little about cars then you could end up with a rust bucket that wont move from the side of the kerb. So how do know how to go about purchasing a good used car as opposed to a rust bucket? Here are some top tips to help you.
The first tip is to make sure that you test drive the car for at least 30 minutes. This should give you adequate time to get the feel of the car and test out all you need to.
Check to make sure the lights work, test the handling and steering, make sure the engine idles smoothly and that there is no smoke coming from the exhaust. Make sure that the car isnt pulling towards one side and that the brakes work effectively. Does the CD player or radio work? Is there a blind spot?
These are all things that you need to look at.
On the exterior of the car, always make sure that you perform the standard quick checks on the car. These should include checking for rust on the sills, wheel arches, suspension mountings and bottoms of the doors.
Check the door panels for body filler with a standard magnet and check the seals on the doors, windows and sunroofs.
Check to make sure that the mileage on the odometer is in line with the condition of the car. A good indication of this having been tampered with is excessive stone chips on the bonnet and grill and a worn gear knob or steering wheel. Also look for loose screws on the instrument panel as this could indicate it has been removed.
Finally, you could invest in a vehicle data check. This is a low cost way of checking a cars history and will definitely show up any skeletons in the closet if there are any.
Tags: Adequate Time, Blind Spot, Body Filler, Buying A Used Car, Cars History, Doors Windows, First Tip, Instrument Panel, Kerb, Loose Screws, Mountings, Odometer, Radio Work, Rust Bucket, Sills, Skeletons In The Closet, Steering Wheel, Stone Chips, Tips For Buying A Used Car, Wont Move