Archive for the ‘Used Cars’ Category

Car Leasing Versus Car Buying

Monday, December 14th, 2009

Car leasing versus car buying is many people’s dilemma. Purchasing a car is hardly a luxury in our society, where it often represents the only relaxing and efficient option for transportation. Having said that, it remains one of the largest expenses in one’s budget. If you need some points on how to buy a car, then read on.

A continuous debate centers on whether it is more beneficial to purchase or whether to lease. There are positive to both sides. People normally buy a brand new car. It can feel absolutely fabulous to buy a totally new car. You will be reminded every month by your bills that that car is costing a pretty penny and you want to feel that it was worth it.

That feeling of claiming ownership to something is beyond price sometimes. And whenever you are done with the car, or move away and plan to leave it, it is yours to sell and recuperate some of the costs. Conversely, you will need to have quite a bit of money in order to drive away in it. With time that car will need more repairs, meaning that you will be forking cash over to keep it running.

And the crossroads again: car leasing vs. car buying? How to choose?

Used cars are another option for those who wish to own the car. As soon as you buy that car, it depreciates noticeably in value. Lots of people try to find a nearly brand new car in order to save a little. This is the best way to get a deal, as there is little mileage clocked and the price has come down drastically. With the Internet, it should not be a problem to explore your options online. Internet is a great source for that.

The other debate is about leasing, what is better: car leasing versus car buying. Some find it essential to have ownership over the car and plan on using it for many years. However, you need to have the money for a down payment. The terms of a lease permit you to own the car for the period of the contract and only if you continue to pay the monthly fees.

If the lease becomes inconvenient for you and you desire to call it quits, it will cost you to have luxury of doing so. Also, you need to keep the car in good condition. Conversely, the cost of maintenance is not your worry. It is ideal for people who want a hassle-free car experience.

Tips to Buy a Vehicle

Friday, December 11th, 2009

Before you buy a car, you have to make sure out on certain essential aspects of owning a car. Having done so, you can rest assured of a hassle free ownership.

Be sure about your budget. Curb the temptation to exceed the amount you can afford. If you do exceed, you need to curtail some other expenses or have to invite trouble in terms of regular monthly installments. Choose the best plan which suits you.

Decide on the type of car you would like to buy. Make up your mind on whether you want a 4 door sedan or a 6 people van. If you wish to buy a car just for the sake of transportation, then avoid buying luxurious cars. If it is for personal love of cars then you can go for a SUV or Sports Car.

Once you make a decision on the type of car you want you can go out looking for different brands available in the market. If you are looking for Lexus IS, also take a look at the BMW 3 series, Nissan G35, Cadillac CTS and Acura TL. Compare car prices and notice the difference. At times the difference may be a lot of money.

Though you should always buy a new car, don’t forget to research online on how much more a new car costs over the same model of a used car cost. Do your research with as many dealers as possible. This is just to gather a comprehensive idea about the market value of the car you are going to buy after it gets old. If you are lucky you may run into a used car which is as good as the new one, but at a price far cheaper than a new one.

Try to collect more information about the cars insurance. Cars of different brands but of the same class have different insurance rates. At all times take insurance cost into account while comparing cars.

Do not forget to enquire about the maintenance cost too. Maintenance cost for cars differ for different car. Benz for instance, charges over $100 for oil change whereas Toyota charges just $25. In the long run maintenance cost can pinch you severely.

It is essential to know about the mileage of the car you are going to buy. A good car with good mileage saves a lot on your expenses.

The last thing you want to seek information about is the warranty. Look at what the warranty covers and compare with it other car companies.

Tips to Buy an used Car

Wednesday, December 9th, 2009

Buying a car, whether it is a first-time purchase or not, it seems to be like a daunting task. You’ve probably seen your share of car commercials on television and recall hearing phrases like “down payment” and “APR.” Although a few of the terminology may seem confusing, once you break it down, buying a car is pretty straightforward.

There is surely a lot of information you need to be aware of before you run off to your local dealership. However once you know what the acronyms mean and how car financing works, you’ll be prepared to get the best possible price on the car you’ve chosen.

In this article, we will discuss used and new car purchasing, what you should know before you decide to buy, how to stay away from common pitfalls, getting the best price and what to do if you have a trouble with your purchase.

The first thing you must decide before you start your automobile research is whether you want a new car or a used car. Obviously, there are benefits as well as drawbacks on both sides. If you decide to buy a used car, there are various things you need to keep in mind.

First of all, there are more than 2 million car accidents every year and chances are if you are in the market for a used car, you’ll come in contact with at least one automobile that was in an accident. The most essential thing about buying a used car is that you know everything about the history of the car, including:

• The total number of previous owners.

• If the car was ever involved in any accident.

• Any previous mechanical problems.

• The maintenance history of the car.

One of the largest benefits of buying a used car is that you can frequently get a great deal and in many cases, the car you buy could even be relatively new. Successful used car buyers often are just as happy with their used car as new car buyers are with a new vehicle.

But keep in mind; the most common car-buying horror stories do involve the purchase of used cars. When you’ve a good idea of what kind of car best fits your needs and budget, you can begin your study on used cars.

Used Car Selling Guidelines on the Internet

Monday, December 7th, 2009

The internet has become a great place to buy and sell new as well as used automobiles. In a matter of minutes, you can advertise your automobile for sale by posting your ad on a variety of paid as well as free classified ad systems. Compared to traditional newspaper advertising, selling your car on the Internet can be easy, fast and can save your money as well.

The following are some simple tips for selling your car on the Internet:

Research your selling price

Part of a successful sale involves a reasonable price which buyers will be concerned in submitting an offer on. If your selling price is too high, buyers might not be interested in contacting you at all. Initially begin by researching your local newspaper for prices for your used vehicle; you might be surprised to find a wide range in price for the particular make as well as model of your vehicle.

Create an Email selling account

At times you may receive rubbish emails, you may want to separate your sales inquiries from your personal or business email account. Move your vision to Google Mail, Yahoo Mail or Hotmail for a free email account where you can receive inquiries and emails about the items you are selling.

Photo ads sell

People online desire to see what they are buying. People look for color, condition and any additional accessories that your motor vehicle may have. Though you may not need to post your entire car or truck photos, take as many pictures of your car in case a buyer wants to see more photos of your sales item.

Point out that it is a private sale or for sale by owner in your ad

A few people like to deal with people direct and may be apprehensive if they know they will be dealing with a dealership. Not to speak anything about automotive dealerships, but it is just a matter of personal choice.

Selling a car in private also ensures that you will get the best possible price and the purchaser will get the best possible deal.

Get your car ready

Thoroughly clean your car or truck inside and out. Buyers are in love with a clean vehicle and it makes a great impression. Consider spending some capital on having it professionally detailed.

Provide a lot of information in your ad

Buyers desire to know all about your car: when was it built, are you the original owner, how many miles or kilometers on the vehicle, has the engine been rebuilt and a lot. Listing lots of information in your ad shows that you pay attention to detail and that you have nothing to put out of sight when selling your car.

If you have photos of the vehicle posted on a site somewhere, provide a link to that site. Point out to the potential buyer how to contact you; by email or by phone. Optional is to list where the car is located as a result that people can come and view it at their leisure. A few auto sellers even indicate what their viewing times are: mornings, evenings or in weekends.

Don’t be afraid to put OBO (or best offer) in your ad. This tells car buyers that you are ready to negotiate the price of the vehicle and that you are ready to sell your car.

Advertise your car along with its details on internet car classified systems

There are lots of paid and free car classified ad system on the Internet where you can post your used car ad to. A few will accept photos while others simply offer a text ad. At first start out by searching for local ads in your city or state.

Gov. Rendell Reaches Out to Pa. Chrysler Dealerships

Monday, June 22nd, 2009

Governor Rendell is triumph out to Chrysler dealers looking to make the conversion from new car sellers to used car dealers.

Pennsylvania was hit hardest by the modern decision by Chrysler to terminate new car dealers, with 53 dealers cut loose. Basil Merenda, the commissioner for the state Bureau of Professional and Occupational Affairs, says Governor Rendell has prepared the bureau and the vehicle board that licenses dealers to accelerate the process of licensing dealers who formerly sold new Chryslers to be used car dealers:

Car Dealership

“He also wanted us to cut during red tape for the dealers with PennDot and the Department of Banking, which also issues licenses and authorizations to these dealers.”

Merenda says hopefully, a process that can take some months can be shortened to a few weeks so that there’s no break. The commissioner says the administration also wants to help terminated GM dealers too, but notes that GM is taking a “kinder” approach to its terminated dealers.

How to discuss a Great Deal When Buying a Used Car!

Friday, May 29th, 2009

Negotiating a Good Used Car, Used Truck or Used SUV Deal is the same as negotiating a New Car Deal! The very same tactics and strategies I discuss in “How to get a Great Deal on a New Car” and “The Anatomy of a Good Car Deal” apply here.

Research used car values at Yahoo! Autos . Then figure on settling on a price somewhere between retail and trade-in allowance. If it is a very clean low mileage vehicle, or a unique and pristine vehicle, the dealer will hold out for top retail or more, and if he doesn’t get it from you he’ll wait until the right buyer comes along!

The problem with a used vehicle is that you have no way of knowing for sure how much the dealer has invested in it! You can only guess! A good rule of thumb is to take the average trade-in value and add about $1000 for reconditioning, transportation and other costs associated with a car dealer buying a used car for resale. This should at least give you a “ballpark figure” to go on!

Make your initial offer $500 over this amount and go from there. Keep in mind that in most cases the salesperson has no authority to make the final decision on an offer. It’s usually the Sales Manager’s call, so don’t be afraid to send the salesperson into the manager with a low offer.

One more Very Important point! You should never buy any used vehicle without first doing a very extensive test drive, getting a Free CARFAX Record Check, and having a trustworthy mechanic look it over – on a lift – very carefully!

For more tips on buying or trading a used vehicle visit the Used Car Guide!

Tips for Finding a Good Used Car Online

Thursday, April 16th, 2009

The internet has now become a good place to shop for everything. This also goes for used cars. There are many websites that you can search for the used car that will best serve your needs. There are certain rules you should follow to get the best used car suitable for your needs and your budget.

1. First you should be aware of your needs. You should know what car you are interested, your budget, the money you can spend on maintaining the car etc. You should also shop around for the lowest interest rates, if you are going to take a loan.

2. With this information on hand, you should choose a website that is trusted. There are sites that are frauds. There are many online sites that are trustworthy and noted for giving the best service. These sites generally give you the details of the car, the make, the manufacture, the model with pictures that can help you decide on the car of your choice. You should check to see if the details of the car match the pictures that have been posted online. The online sites will be able to get you in touch with the seller. The seller might be an individual, a dealer or a used car auction dealer.

3. You should see a few online sites and get details of at least five cars that suit your tastes. You should do a thorough research on these cars. You should know how much you can pay for it. For this you can consult the Kelly Blue Book, or the Edmund’s website. These sites might give you the valuation of the car. This might not include the taxes and other charges you might have to pay. With the details in hand you should decide which one you like the best.

4. The, you should get the phone number (the landline and mobile number) and talk to the person who is selling the car. You should ask for pictures of the inside and outside of the car. You should get the history of the car – this includes its service history and its damage history. You should also know if it has any mechanical problems. The condition of the engine is very important. You should also know how the interior of the car has been kept. The value of the car will depend on how the car has been maintained by the seller.

5. You should get the vehicle identification number of the car from the owner. With this you can get a CarFax report on the car you are interested in. This will give you details whether it has been involved in an accident and the condition of the car. You can then find out if the owner is truthful.

6. It would be best to visit the seller and check out the car personally. You can examine the interior and exterior of the car. You can take it for a test drive and also have it checked by a mechanic. This will give you a clear picture of the condition of the car.

7. Then the price should be negotiated. If it has to be shipped, you should also negotiate the shipping charges.

8. The seller should hand over to you – the log book, the service history, the vehicle identification number, the registration papers and the MOT details.

After you are satisfied with all these dealings, you can pay for the car. The receipt should be signed with the address of the seller and details of the car. The buyer and the seller should have copies of it. If you cannot go personally and see the car and make the payment, you can also do it online.

With these points in view you can definitely get the best used car for your needs.

The Secret of Used Car Sales

Thursday, April 9th, 2009

Used Car SalesThe secret of selling a used car lies in selling it to the best buyer who is interested in the car. Some people feel that it is difficult to sell a used car. That is not so. Many people cannot afford to go in for a new car. They might not have the necessary finances. They might want a used car that will satisfy their needs.

1. The first secret is to know about the car you are selling. You should do some research. You should go to the internet or any dealer and give the details of your car and its condition. You should mention its make, model, year of manufacture etc. and get to know the price they are offering. You will have a fair idea of its condition and how you will get for it. You can also refer to the Kelley Blue Book and the Edmunds website for determining the value of your used car.

2. If the car has any problems, and you think you might not get the best value without fixing it, you should fix it. The car should look good to the buyer. The outside should be polished without any dents being visible. The interior of the car should look good without the upholstery being frayed and dull. The doors and the windows should be in good condition. The mechanical parts of the car, right from the engine, the transmission to the other parts should be in proper working condition. Other accessories such as the air conditioning and the radio should also be working. Each part will be scrutinized by the buyer. The secret of selling the used car would be in keeping everything in order, so that the best price can be negotiated.

3. All the important papers regarding the car, including the registration number, the vehicle identification number, the service record and the MOT details should be available to the purchaser at the time of the sale. If there is a problem, the buyer will not be ready to buy the car. With these details the buyer might want to do a research before buying the car..

4. While selling the used car, the secret lies in being truthful about the condition of the car. He should accept if the car has been involved in some accident. The buyer might have many questions regarding the car. The secret is in making the buyer comfortable and getting the confidence of the buyer and giving him the correct details about the condition of the car. This will save a lot of trouble.

5. Armed with this knowledge about your car, knowing you can satisfy the buyer, you can place an advertisement in the internet; go to a dealer or a used car auction. There you will be in touch with the persons interested in buying the car. When the person contacts you, in person, over the phone or via e mail, be sure to make a good impression in the way you project your used car. Give the sale a personal touch. A person buying the car should feel it has been used with care by the previous owner.

6. To get a better deal, you can also get your car certified and sell it as a pre-owned car. This way, the car will be in a good condition at the time of sale. For this it would be best to go through a dealer who will be responsible if there is any problem with the car in the future.

7. After deciding on the sale price and completing the negotiations, it would be right to get a receipt. The receipt should be signed by the seller and should have his address and the details of the car. This would be right way to close the deal.

Even though used cars are sold on websites and by dealers, the best method would be to see the buyer and have a say in it. Thus, the secret of used car sales is in making the buyer comfortable and giving all the details about the car so that there are no problems in the future.

Buying Used cars are better option

Tuesday, September 30th, 2008

When we decide on buying a car, some people decide to buy new cars while others go in for used cars. The main reason for buying used cars is the price. A used car is definitely more affordable. The difference between the price of a new car and a used car is widening. There is a wide variety of used cars to choose from. The used car can now be relied upon to perform well because of pre-certification.

When buying a new car you have to give a down payment of at least 10% on the new car loan, otherwise the monthly payments will be higher. So, it initially costs more to buy a new car. New cars also depreciate in the first few years after it is bought. It starts to depreciate the moment it is driven away from the dealer. It depreciates as much as 30% of its value in the first two years that it is owned.

Most manufacturers have the certified pre-owned cars program. This is gaining popularity with buyers. This trend started with luxury cars like the Mercedes Benz and the Lexus. Generally recently bought cars with low mileage use and cars with no major damage are certified. Such vehicles undergo strict inspection both for their looks and for their roadworthiness. Such cars have a warranty which goes beyond the original manufacturer’s warranty. It covers all the things covered by manufacturer for a new car and also includes roadside help. The manufacturers also offer loans which are generally lower than those for new cars but have rates that are higher than used car loans.

The certified pre-owned cars are more expensive than used cars but are much cheaper than new cars. The higher price is for the peace of mind that one gets and the warranty that covers many features in the car. So, it is a good option to look into this option also. If a buyer is not particular about buying a new car, he should find out about used cars. Car sales, new and old has gone down. There will be a lot of used cars to buy due to slow sales. According to a recent research a new car before taxes and fees cost around $25,000 in 2008. A used car was around $8,000 at the same time.

There are a lot of recent models of used cars. These come with a certification from the manufacturer. The original warranty taken by the first owner can be transferred to the second owner. The second owner can add to the warranty and extend it. Certified pre-owned car thus, now becomes more reliable, durable and affordable. Now, buying a used car that has been certified is not that much of a risk. It is financially not a big burden and you get the benefits of a fairly new car, with certification.

When it comes to choosing between a new car and a used car, nowadays, people opt for a used car with certification. Since this is done by the manufacturers themselves, it holds a lot of value and the car can be taken back to them for any repair or replacements. New cars are a lot more expensive and are not affordable for many and hence people opt to buy used cars. Of course, a lot of research has to be done by finding out about the model of the car you want to buy and the warranty offered on it etc. before you decide to buy a used car.

Used car selling or buying practices

Tuesday, August 26th, 2008

Everyone is aware that the Internet is today the world’s biggest marketplace for buying and selling cars. This is far too huge compared with newspapers and other auto-trade magazines. The Internet is equally helpful to both buyers and sellers of used cars. If you are a buyer, you have plenty of model and price choices.If you are a seller, your marketplace of potential buyers is enormous.

It is everybody’s perception that a used car is always the cheapest option though this is not necessarily true. Always compare new car prices before you decide. With the aggressive dealer discounts, manufacturer rebates, and low interest rates now being offered on new cars, it may be possible a new car could be the better deal than a car that is a year or two old. Some times, leasing a new car could prove even more economical. Lease payments on a new car can easily be less than loan payments on a 3 year-old used car, and with no down payment. You should study the market thoroughly before taking a final decision to buy a used car. Please remember that used-car dealers thrust on you the cars they have on their lot and not the car you actually want. They can make it appear on their web site that they have thousands of “virtual” cars, including exactly the one you want – enough to mislead and corner you.

Buying a used car is a big gamble. You do not know exactly what you are buying because you do not know the antecedents of the car and what problems it has had. It could be flood damaged, salvaged or involved in accidents. Getting a CARFAX Vehicle History Report is how you find out about these dirty little secrets. These reports have become commonplace and it is essential you see them when buying or selling a used car.

Used Car Buying Practice

To buy a used car car involves taking a few precautionary steps to insure that you avoid buying the wrong car. The first step in buying a used car is to decide on a specific make, model, and year you want. Consider how you intend to use your vehicle. Will it be a car for the entire family or a strictly personal vehicle? Will it be driven by different family members or by yourself only? Will it need to regularly carry cargo and/or more than four people? Will it be used to commute to work? What will be the average distance to be covered daily? Will it ply on highways or only in city streets? Do you want your vehicle to reflect your social, professional and financial status? Narrowing your selections will make things less confusing and allow you to focus better on your search, pricing, and shopping efforts.

nullOnce you have your list of requirements, the next step is to identify the vehicles that match those requirements. One of the best sources to buy used cars is the Internet. There are literally thousands of cars being sold at any one time. You can comprehensively search by make and model, by price, and by area of the country. It is a great way to shop for a used car. You will find eBay provides inspection services and buyer protection services to make it as safe and risk-free as possible for the buyer of a used car. One of the best print publications for used car buyers is Consumer Reports magazine. Each year in April, CR publishes its Annual Auto Issue which contains not only ratings on new cars, but on used cars as well.

Price of used cars is more often unscientific and depends on the whims and avarice of the seller. The price of any used car is determined by what buyers are willing to pay and the price can be affected by the current state of the economy, the supply of used cars in dealer inventories, current prices of similar new cars, market trends etc. Please note that many of the ads for sale of used cars are issued by dealers. This means that the prices are higher than you might expect to pay for the same car being sold by the owner. Further, you pay sales tax when buying from a dealer while, in some states, there is no sales tax on private-party purchases.

The next question is where to find the car of your dream. There are a host of places you can visit to identify the car you want to buy – used car dealer lots, new car dealers with used car lots, local auto trade magazines, newspaper classified ads, consignment sales lots, online used car sales sites, online dealer web sites, Government car auctions, Police impound auctions, friends, neighbors, and work associates.

Used Car selling Practice

Everyone wanting to sell his used car obviously wants to sell it quickly, at the asking price and with least discomfort. Psychology is a powerful and important part of buying cars. Please remember what a potential buyer thinks and feels about your used car is just as important as the features and the price of the car. If a potential buyer sees your car is ill-kept and dirty, he will resent and in all likelihood, turn away – whatever may be the merits of your car. The potential buyer may assume you don’t change your oil, don’t perform regular maintenance, don’t make necessary repairs, and don’t take care when driving. To quicken your used car sale, thoroughly clean up your car – both inside and outside. Touch up paint scratches, repair windshield dings, pull out small dents and attend to all minor repairs. If you can not do all the work yourself, get them done in a workshop. Please remember that your effort will result in a faster, more profitable sale. It is common knowledge that buyers will pay more money for a clean car than for a dirty ill-maintained car. One of the best and fastest places to sell used cars online is eBay Motors. The site has thousands of people shopping for used cars every day.

One of the biggest predicaments facing car sellers is to determine the asking price. If priced too low, you may needlessly lose money and even prospective buyers may suspect the condition of your car. Unfortunately, there are no standard formulae for fixing prices of used cars. Please remember that your asking price should reflect the mileage and condition of your car demand for that make/model in the market, reliability, car history and your locality. Cars that have done 100k or more are considered too old regardless of other conditions. Those with 15000 miles per year are considered good. There are essentially two ways you can sell your car, depending how quickly you want to dispose off your car and the price you expect. First, you can sell wholesale. This means you sell or trade to a dealer for a low wholesale price and the dealer resells at a higher retail price to make a profit.

If you have a relatively new, clean, low/average mileage vehicle, you can approach new car dealers who have used car lots. Otherwise, contact independent used car dealers, if you have them in your area. Wholesale auctions in your area are also a possibility, but be aware that there are fees involved. Next, you can sell directly to private buyers which will certainly fetch you a better price. You can expect to sell at or near the same price that dealers get for the same car, in the same condition.

Make potential buyers aware of your car by advertising using one of the following – local auto trade magazines, Newspaper classified ads, Consignment sales lots, Online used car sales sites, Supermarket or community bulletin boards, Tell friends, neighbors, and work associates. A little bit of price negotiations is inevitable when selling a used car. The buyer typically knows you set your price high and wants your selling price. He may have already done some pricing research.