When it comes to buying a used car there is nowhere better than the internet to help you get started. There are a huge amount of websites where sellers list their cars along with photos and detailed descriptions and this is the easiest and quickest way to find the car of your dreams. However when it comes to buying the car, there are some things that you should take into account, with this is mind here are some tips for a buying a used car.
Before you even go looking for your car make sure you have a general idea of how much cars of similar age and type go for second hand. Also bear in mind the repair costs of the model, the safety aspects of that particular model and how much the car would cost to insure.
Once you have made contact with the seller and have gone to check the car over, it is essential that you get to see all documents related to the cars history. This will give you an idea of how well the car has been treated and if it has had all the check ups it should have had.
If you are buying your used car from a dealer then you have the right to see the written warranty that is provided by the dealer before you buy, this is one way of making sure of what you are getting before you commit yourself.
When you go to look at the car make sure that you give it a through inspection in good lighting and that you take it for a test drive. Where possible make sure that you test drive the car in most situations, for example up and down hills, in heavy traffic where you are stopping and starting and if possible a brief drive down the motorway. This will all tell you how the car handles and feels and pay particular attention to not only how the car handles but also how the engine sounds.
One of the best tips when it comes to buying a used car is if you know nothing about cars then make sure that you take someone with you who does. If you dont have a friend or family member then it can pay to book someone from an auto club to go with you and look over the car. While of course this will cost you in the long run it can work out cheaper if the car is nothing more than an old banger.
Always remember that while you can get a good bargain when it comes to buying your used car privately you wont have any warranty as such as you would get from a used car dealer. So usually you will buy the car as seen and this is the risk you take for saving a couple of hundred pounds or more on the car.
Whichever way you choose to go to buy your used car with a little common sense and by following the tips for buying a used car outlined above you can grab yourself a great bargain.
Tags: Auto Club, Buying A Used Car, Car Dealer, Car Of Your Dreams, Cars History, Check Ups, Contact, Detailed Descriptions, Engine Sounds, Family Member, General Idea, Good Lighting, Heavy Traffic, Motorway, Photos, Safety Aspects, Test Drive, Ups, Warranty, Written WarrantyRelated posts
Car Buying Tips: Five Things You Need To Know To Avoid Hidden Fees And Additional Costs
Before purchasing your next car, you’re going to want to check for hidden costs, add-on fees, and other charges. You could end up spending hundreds, even thousands, of dollars over the lifetime of your loan.
Once you’ve found the car you want, it’s time to sit down with your sales rep to negotiate the terms of your contract. After a little back and forth on price, figuring out your interest rate, and calculating your monthly payment, you’re ready to sign on the dotted line, right?
Not so fast.
When you read the fine print you may find that additional fees and charges have found their way into your contract including add-ons you didn’t necessarily ask for.
Most car buyers are so focused on getting the best interest rate and negotiating the most affordable monthly payment that they’re unconcerned with the fine print of the contract. By the time they get to the step where they review and sign the paperwork, if the sales rep is throwing industry terms at them that they don’t fully understand, they’re becoming exhausted from the entire process and just want to get it over with.
Here are a few insider tips to make sure you don’t regret signing those papers.
1.) Read the Fine Print
While this seems pretty obvious and self-explanatory, it’s amazing how trusting the consumer can be. Honestly, the last time you bought a car, did you read and fully understand the contract before you signed it? Probably not. Most people don’t.
Some unscrupulous car dealerships are betting on that. Because most people don’t read the fine print, some sales reps can slide in additional, undisclosed charges or extras with huge mark-ups to their profit.
Also, make sure there are no blank spaces on your finance contract that can be filled in later wherever there are blank spaces, write in “$0″ or “N/A.”
2.) Typical Extras
Most of us are familiar with learning about the standard features of an automobile and then figuring out which additional features we are willing to pay extra for, but here are some extras to look out for when reviewing your contract:
Rust proofing
Extended warranty
Fabric protector
Car alarm (including Lojack, a device police use to find your car if you report it stolen)
Paint sealant
Credit life insurance
GAP
Window etching
The value of such extras depends on individual customer needs and situations. If the sales rep attempts to tell you that some or all of these extras are standard for every vehicle on the lot, ask to order your car from the factory, or suggest the dealership trade with another dealer that hasn’t pre-packaged their vehicles.
Extra products can add thousands to the negotiated price of the vehicle. Most products fill a customer need that when priced and disclosed correctly and can add real value to the whole transaction.
The problems with extras occur in two areas. First, when the sales rep doesn’t spend the time necessary to determine which products fit the specific needs of the customer. Rather than suggest specific extras individually priced, the sales rep lumps all the products together and pushes you to buy them as a package.
Second, unscrupulous sales reps can add thousands of dollars to the amount financed for these products, but not disclose the price increase until the last possible moment, when the financing contracts are being signed.
3.) Documentation and Administration Fees
Federal, state, and local governments are pushing more and more of their regulatory cost onto the local dealerships. In an effort to offset some of these fees and services dealers are required to perform, most add, a documentation or administration fee to the total cost of the transaction. Depending on state and local regulations, fee adding $100 to $150 seem reasonable and cover most of these additional items. These services include:
Duplicate Title Fees
Notice of Security Interest (to perfect lien)
30-day Permits
Federal terrorist matching data bases
Federal information privacy requirements
State vehicle id verification
Highway Patrol Inspections for out-of-state titles
Registering leases at customer’s county of residence
Carfax
FedEx charges/Shipping charges
Additional title addendums
Truth in lending record retention
Some dealers have taken up the practice of marking up documentation and administrative fees and are now charging as high as $300 to $500 per sale. A few are even higher. The charge for most of these fees seems to be more based on getting a customer to pay extra after the customer has finished negotiating, not the average amount it cost to get most deals through various state and federal regulations, as implied.
4.) Ask for a Menu System Disclosure
The best disclosure method I’ve seen in years involved using a menu system. On a separate sheet of paper the rep produces a document that includes:
1.)The negotiated price of the vehicle or trade difference
2.)The additional price of suggested extras (these can be shown as various option packages that may save money when bought in combination and as individually priced options)
3.)New totals initialed by both parties
This procedure makes sure that any suggested extras are properly explained and disclosed. It also allows the customer time to consider each item separate from the longer and potentially confusing finance documents. The final numbers from the menu should get carried over directly to the finance document.
5.) Other Costs
When buying a car, remember that there are other “hidden” costs (or, costs that aren’t usually considered), that go beyond the dealership.
During the lifetime of your vehicle, you’re going to have to pay for registration and tags, taxes, insurance, oil changes and fuel every year, and periodically pay for maintenance and repairs. Older models (cars more than 3-5 years old) may cost less up front, but you will likely need to factor more maintenance and repair costs into your budget than if you bought a newer model. While new models need fewer repairs and maintenance work, you will have to pay more up front.
Your wallet does not have to go through the ringer the next time you decide to visit a new or used car dealer. You can protect yourself from blindly signing into an unfavorable car deal by doing your homework, going to a car dealership with a good reputation, being prepared, asking questions, and double checking behind your sales rep.
Tags: Best Interest, Betting, Blank Spaces, Car Buyers, Car Buying Tips, Car Dealerships, Dotted Line, Finance Contract, Insider Tips, Interest Rate, Last Time, Lifetime, Mark Ups, Paperwork, Purchasing Car, Sales Rep, Sales Reps, Sit, Thousands Of Dollars, UpsRelated posts
The worst fear when buying that great deal of a used car is to have it break down the moment the sale becomes final. It happens, occasionally, where a buyer gets ripped off when buying a used car. Unfortunately , there are people out there that are just trying to offload their junk on someone else. It may seem like a good deal at the time, but later when you try to get the vehicle to pass a safety inspection you find out you have just ended up with a lemon. To ensure that you are not buying a lemon please read these tips.
Private Sales
Why are you Selling?
The first thing you want to do is ask the seller why they are selling their used car. Why dont they like it anymore? Is it not good enough for them? And for that matter whats so great about their new car? Put them on the defense, this way they will have to come up with a quick answer, if they hesitate they may have something to hide. It is best to ask this in person, so you can judge not only their tone, but also their body language. Most people are terrible liars. Also be wary if the seller tries to close the deal too quickly it could be a good sign they are trying to offload a piece of junk on you.
Known Problems
Ask the seller to point out all known defects and problems. When doing your own inspection if you find obvious problems that the seller did not mention there might be more wrong with the vehicle then they are letting on.
Stains, Leaks & Puddles
Look for stains and leaks in the driveway and garage. Rust colored stains indicate a leaking radiator Black or Brown puddles and stains indicate an oil or transmission fluid leak Purple puddles indicate transmission fluid leaks
Proof-of-Service
Ask for all the maintenance records, proof of oil changes and tune-ups. If they dont have it, for all you know the oil has never been changed.
Rebuilt Junkers
Look at all the seams in the car, the gaps should be the same distance apart at the top of a panel as they are at the bottom. Uneven gaps or small dents can suggest accident damage. The paint should match on all panels, and beware of body-kits and custom paint jobs. They may look cool, but they could be hiding damage to the chassis below. Look for over spray on plastic parts, around lights, mirrors and edges of the engine bay.
Remember taking the used car to get a proper inspection by a mechanic prior to purchasing it is the most effective way of ensuring you wont get stuck with a lemon.
Dealers
Dealers may also be purchasing used vehicles from the U.S., and may even unknowingly be selling a car that has had flood damage. Before you even leave the lot, here are some steps to see if the vehicle has had any flood damage.
Flood Damage
Look for rust on door hinges, spare tire, crowbar, jack, metal holdings under the seats, and any other metal inside the car. If you find any rusting in these places, it may have had extensive water damage and it is best to move on.
If you decide to go through a dealership, which is your best bet when purchasing a use vehicle, remember it is always best to ensure you are buying your used car from a reputable dealer.
Tags: Body Language, Buying A Used Car, Colored Stains, Fluid Leak, Fluid Leaks, Junkers, Leaking Radiator, Liars, Maintenance Records, Oil Changes, Private Sales, Proof Of Service, Purple Puddles, Radiator, Safety Inspection, Seams, Small Dents, Transmission Fluid, Tune Ups, Ups