I have always believe in saving money when it comes to buying a car and what better way than to buy a Certified Program Car.
Many think Program cars are demos from the dealership, but a Program car is one that has been leased by a company or Rental Car Agency. They drive them a set number of miles, turn them in and dealers buy these cars at auction. A Program Car sounds much better than a Rental Car, but they are essentially one in the same.
3 REASONS PROGRAM CARS ARE GREAT BUYS:
1. Rental Cars/Progam Cars are good buys because they are usually current model years with under 30,000 miles.
2. Rental Car or Companies that lease cars are under contract to service the car at X number of miles unlike if an individual owned the car. Many jump for joy when it is a One Owner, but why not buy a car that you know has been serviced correctly.
3. The biggest reason to buy a Program Car is because of the SAVINGS!!! How would you like to save $10,000 off the New Car you have been looking at?
The next car you buy, ask your dealer if there are any Program Cars available in the model you are shopping.
Used Car Prices
Used Car Prices are determined by several factors including demand, resale value, rebates on new cars, cost of ownership, and more factors that I will cover more extensively. Used Car Prices is a topic that many people do not understand. They say to me all the time, it cost me $30,000 new so it should still be worth a good bit. But, you have to look at more factors to determine Used Car Prices.
#1 factor to determine Used Car Prices:
You have to look at what you can buy the car for new. When looking at the new price, you can not look at MSRP, you have to look at cost minus any rebates or incentives. For instance, a 2007 Chevy Silverado with 23,000 miles that cost $32,000 when it was purchased new. Now, you have to look at what you can buy that truck for now new. To determine Used Car Prices, you have to look at the alternative to buying new. Guess what, now the 2008 Chevy Silverado has $5000 rebate plus Employee Pricing. So, the same $32,000 vehicle can be purchased for approx. $22,000 brand new. Now, you have to go back from there to determine what the Used Car Price should be. You do not want to pay the same for a brand new and a year old used truck with 23,000 miles. This takes us to point #2.
#2 factor to determine Used Car Prices:
Lets say we trade for this year old truck. The next question is how much are we going to have to spend to get this truck Front Line Ready to sell. We must Certify this truck to give it a fighting chance to sell and that means checking it from top to bottom. When this truck is Certified you have to look at tires, windshield, oil change, tire rotation if not new tires, detail, scratch removal, brakes, etc. The list goes on and on. You can easily spend $800-$1200 getting the truck ready for sale. Remember, when selling your own vehicle, you are not able to offer certified. This eases customers minds because it adds to the warranty and gets a better Used Car Finance Rate.
#3 factor to determine Used Car Prices:
You definitely have to look at the demand for the vehicle to determine Used Car Prices. If it is a vehicle that is hard to sell new, it will be a vehicle that is hard to sell used regardless of prices.
#4 factor to determine Used Car Prices:
I am going to lump several in together because I believe they are similar. You have to look at the Mileage, Condition, and Options. The mileage is a big factor to determine Used Car Prices. If you have a car with over 40,000 miles, it better be Priced Right! You have to take into account the condition of the Used Car. Has it been smoked in? Is there wear on the seats? Scratches that wont come out? Etc. These are all factors that will lower Used Car Prices. Also, you have to look at the options on the Used Car. If it is a used car with a manual transmission, this is a big hit on price. Does it have roll up windows? Does it have a CD Player? Etc. Options on the Used Car is a huge factor.
#5 factor to determine Used Car Prices:
After all is said and done, Book Value is probably one of the biggest factors to determine Used Car Prices. Many use NADA and some use Kelly Blue Book or even Black Book which is used by car dealers and some banks. The biggest factor used to determine book price is the demand for the vehicle. They take new car sales and used car sales to figure how many people are buying the specific vehicle. If it is a car that is in high demand, it will fetch a higher book price. This is also how banks figure how much they will loan on the used car. The bank takes the Used Car Prices and figures how much they will loan whether it be loan value or retail value and much of this is determined from the customers credit which is a topic for another day.
All in all, you can see how much goes into calculating Used Car Prices. Much of it is subjective, but much of it is objective. Using the example above of the Chevy Silverado you have to go back from the $22000 cost of the vehicle. You deduct another $2000 (Approx.) for the miles on the truck. You figure another $1000 to get the truck ready for sale or to certify. You take another $4000 off for dealer profit and room to negotiate. You come up with approx. $15000 trade in and approx. $19,000 Retail. Used Car Prices are always misunderstood. I can see why, because if you tell me the truck I purchased 1 year ago is worth half as much as when I purchased it, I am not going to understand either!
Check out the Festival of Frugality Blog!
#1 factor to determine Used Car Prices:
You have to look at what you can buy the car for new. When looking at the new price, you can not look at MSRP, you have to look at cost minus any rebates or incentives. For instance, a 2007 Chevy Silverado with 23,000 miles that cost $32,000 when it was purchased new. Now, you have to look at what you can buy that truck for now new. To determine Used Car Prices, you have to look at the alternative to buying new. Guess what, now the 2008 Chevy Silverado has $5000 rebate plus Employee Pricing. So, the same $32,000 vehicle can be purchased for approx. $22,000 brand new. Now, you have to go back from there to determine what the Used Car Price should be. You do not want to pay the same for a brand new and a year old used truck with 23,000 miles. This takes us to point #2.
#2 factor to determine Used Car Prices:
Lets say we trade for this year old truck. The next question is how much are we going to have to spend to get this truck Front Line Ready to sell. We must Certify this truck to give it a fighting chance to sell and that means checking it from top to bottom. When this truck is Certified you have to look at tires, windshield, oil change, tire rotation if not new tires, detail, scratch removal, brakes, etc. The list goes on and on. You can easily spend $800-$1200 getting the truck ready for sale. Remember, when selling your own vehicle, you are not able to offer certified. This eases customers minds because it adds to the warranty and gets a better Used Car Finance Rate.
#3 factor to determine Used Car Prices:
You definitely have to look at the demand for the vehicle to determine Used Car Prices. If it is a vehicle that is hard to sell new, it will be a vehicle that is hard to sell used regardless of prices.
#4 factor to determine Used Car Prices:
I am going to lump several in together because I believe they are similar. You have to look at the Mileage, Condition, and Options. The mileage is a big factor to determine Used Car Prices. If you have a car with over 40,000 miles, it better be Priced Right! You have to take into account the condition of the Used Car. Has it been smoked in? Is there wear on the seats? Scratches that wont come out? Etc. These are all factors that will lower Used Car Prices. Also, you have to look at the options on the Used Car. If it is a used car with a manual transmission, this is a big hit on price. Does it have roll up windows? Does it have a CD Player? Etc. Options on the Used Car is a huge factor.
#5 factor to determine Used Car Prices:
After all is said and done, Book Value is probably one of the biggest factors to determine Used Car Prices. Many use NADA and some use Kelly Blue Book or even Black Book which is used by car dealers and some banks. The biggest factor used to determine book price is the demand for the vehicle. They take new car sales and used car sales to figure how many people are buying the specific vehicle. If it is a car that is in high demand, it will fetch a higher book price. This is also how banks figure how much they will loan on the used car. The bank takes the Used Car Prices and figures how much they will loan whether it be loan value or retail value and much of this is determined from the customers credit which is a topic for another day.
All in all, you can see how much goes into calculating Used Car Prices. Much of it is subjective, but much of it is objective. Using the example above of the Chevy Silverado you have to go back from the $22000 cost of the vehicle. You deduct another $2000 (Approx.) for the miles on the truck. You figure another $1000 to get the truck ready for sale or to certify. You take another $4000 off for dealer profit and room to negotiate. You come up with approx. $15000 trade in and approx. $19,000 Retail. Used Car Prices are always misunderstood. I can see why, because if you tell me the truck I purchased 1 year ago is worth half as much as when I purchased it, I am not going to understand either!
Check out the Festival of Frugality Blog!
GM Certified Used Cars Making Great Buys
Many customers are finding that a GM Certified Used car makes for a great buy. The buyer gets the assurance the vehicle has received a 117 point check, they get a vehicle history report, a 3 month 3000 mile added vehicle warranty, a 5 year 100,000 mile powertrain warranty, and new vehicle rates for qualified buyers.
I find that more and more buyers know about certified cars, but wanted to let everyone know what a great buy they are. If you find that new cars are a little out of your price range, check into GM Certified Cars, Trucks, and SUV's. Click Here to find out more about GM certified Cars.
Used Car Prices and how they are determined!
I find that more and more buyers know about certified cars, but wanted to let everyone know what a great buy they are. If you find that new cars are a little out of your price range, check into GM Certified Cars, Trucks, and SUV's. Click Here to find out more about GM certified Cars.
Used Car Prices and how they are determined!
Used Car Pricing: The Insanity Of Used Car Prices
Used Car Pricing: The Insanity of Used Car Prices
By Theodore Olson
Used car prices are elusive, despite numerous attempts to harness them. We’ve all heard of Retail, Private Party and Trade-in values. But do these “help” in determining a vehicle’s real value?
When we turn to the web for prices, it gets even more elusive. One web site places a retail value on a car at $18,000. Another puts it at $21,000. What should we believe?
If sellers are looking to get the highest price for the car they’re selling, and the buyer wants to get the best deal possible, is there such thing as a fair used car price for both parties?
The answer is yes, but both parties have to be on the same page.
We’ll call this “page” Fair Market Value.
That being said, how do we interpret the market to determine fair market value? Since most sellers and buyers are going to try to interpret the market to his or her advantage, let’s even the playing field.
One of the most profound remarks I’ve heard to establish a better playing field for used car pricing comes from industry expert and owner of Medway Imports, Barry Roth. He states:
“To find market value, you need to take all the pricing data you find for a particular vehicle and throw out the high and low prices. What’s left in the middle is where you’ll find a fair market value.”
While this doesn’t address the used car pricing problem entirely, it does remove the unrealistic numbers that many clutch to like the drowning to a life preserver. It moves folks to more reasonable prices according to the market.
A lot of time is spent on popular web sites (for better or worse) to “help” determine used car pricing. But one should also follow and watch the market to see what cars are being advertised and sold for—if they’re being sold at all.
Visit www.medwayimports.com for a host of great information on used car pricing.
Used car prices are also determined via auction pricing, and industry used car guides such as Black Book and the NADA Official Used Car Guide.
Importantly, even these books don’t settle the used car pricing debate. Here’s a publisher’s note on the inside cover of the latest NADA guide.
It states:
The vehicle values in the N.A.D.A OFFICIAL USED CAR GUIDE,® are developed by N.A.D.A’s editors based on many sources of information. These include reports of actual transactions throughout each area for which the guide is published.
The values in this guide assume a vehicle is clean. Appropriate deductions should be made for reconditioning costs incurred to put the vehicle in a salable condition. An exceptionally clean vehicle or one that bears a guarantee, warranty, or manufacturer certification should bring a premium price.
Please read your guide carefully when determining the value of optional equipment. N.A.D.A.’s editors believe that most optional equipment has little or no value on older cars. This is especially true of options that cost relatively little when new and which deteriorate with age or use. Only the more popular vehicle options are listed in the guide. Unless otherwise stated, all vehicles are assumed to be equipped with automatic transmission, air conditioning, compact disc player (and/or AM/FM stereo cassette,) power steering, rear window defroster, and tilt steering wheel. For other standard options, please review each vehicle’s listing.
As you can see, even the most respected used car pricing guide “assumes” quite a bit, leaning heavily on the “opinions” of its editors to determine “appropriate deductions” and thus the ultimate value of a particular car.
So where does this leave buyers and sellers? After both parties throw out the high and low prices, it leaves them in the middle of the market. This is where they’ll each get a fair shake (assuming vehicles are “clean”). Finding a good or "clean" used vehicle is another story.
Theodore P. Olson (Ted)
RepairTrust...Making sense of Auto Repair Prices
Ted Olson holds extensive certifications from Mercedes-Benz, Toyota, General Motors, and ASE. He is the author of eight books and numerous articles on the automotive industry.
Article Source: http://EzineArticles.com/?expert=Theodore_Olson
http://EzineArticles.com/?Used-Car-Pricing:-The-Insanity-of-Used-Car-Prices&id=418919
Used Car Prices and how they are determined!
By Theodore Olson
Used car prices are elusive, despite numerous attempts to harness them. We’ve all heard of Retail, Private Party and Trade-in values. But do these “help” in determining a vehicle’s real value?
When we turn to the web for prices, it gets even more elusive. One web site places a retail value on a car at $18,000. Another puts it at $21,000. What should we believe?
If sellers are looking to get the highest price for the car they’re selling, and the buyer wants to get the best deal possible, is there such thing as a fair used car price for both parties?
The answer is yes, but both parties have to be on the same page.
We’ll call this “page” Fair Market Value.
That being said, how do we interpret the market to determine fair market value? Since most sellers and buyers are going to try to interpret the market to his or her advantage, let’s even the playing field.
One of the most profound remarks I’ve heard to establish a better playing field for used car pricing comes from industry expert and owner of Medway Imports, Barry Roth. He states:
“To find market value, you need to take all the pricing data you find for a particular vehicle and throw out the high and low prices. What’s left in the middle is where you’ll find a fair market value.”
While this doesn’t address the used car pricing problem entirely, it does remove the unrealistic numbers that many clutch to like the drowning to a life preserver. It moves folks to more reasonable prices according to the market.
A lot of time is spent on popular web sites (for better or worse) to “help” determine used car pricing. But one should also follow and watch the market to see what cars are being advertised and sold for—if they’re being sold at all.
Visit www.medwayimports.com for a host of great information on used car pricing.
Used car prices are also determined via auction pricing, and industry used car guides such as Black Book and the NADA Official Used Car Guide.
Importantly, even these books don’t settle the used car pricing debate. Here’s a publisher’s note on the inside cover of the latest NADA guide.
It states:
The vehicle values in the N.A.D.A OFFICIAL USED CAR GUIDE,® are developed by N.A.D.A’s editors based on many sources of information. These include reports of actual transactions throughout each area for which the guide is published.
The values in this guide assume a vehicle is clean. Appropriate deductions should be made for reconditioning costs incurred to put the vehicle in a salable condition. An exceptionally clean vehicle or one that bears a guarantee, warranty, or manufacturer certification should bring a premium price.
Please read your guide carefully when determining the value of optional equipment. N.A.D.A.’s editors believe that most optional equipment has little or no value on older cars. This is especially true of options that cost relatively little when new and which deteriorate with age or use. Only the more popular vehicle options are listed in the guide. Unless otherwise stated, all vehicles are assumed to be equipped with automatic transmission, air conditioning, compact disc player (and/or AM/FM stereo cassette,) power steering, rear window defroster, and tilt steering wheel. For other standard options, please review each vehicle’s listing.
As you can see, even the most respected used car pricing guide “assumes” quite a bit, leaning heavily on the “opinions” of its editors to determine “appropriate deductions” and thus the ultimate value of a particular car.
So where does this leave buyers and sellers? After both parties throw out the high and low prices, it leaves them in the middle of the market. This is where they’ll each get a fair shake (assuming vehicles are “clean”). Finding a good or "clean" used vehicle is another story.
Theodore P. Olson (Ted)
RepairTrust...Making sense of Auto Repair Prices
Ted Olson holds extensive certifications from Mercedes-Benz, Toyota, General Motors, and ASE. He is the author of eight books and numerous articles on the automotive industry.
Article Source: http://EzineArticles.com/?expert=Theodore_Olson
http://EzineArticles.com/?Used-Car-Pricing:-The-Insanity-of-Used-Car-Prices&id=418919
Used Car Prices and how they are determined!
USED CAR FOR SALE; Tips To Sell Your Car Instead Of Trade
It is much easier to Trade Your Car when you purchase a new one, but you may be able to get more Money by Selling Your Own Car.
Used Car For Sale; Tips To Sell Your Car Instead Of Trade
First and foremost is to make your Used Car For Sale look good. Take it to a professional detail person and spend $75 to $100 to make it look Great, or spend a day and do it yourself. Make sure to clean the engine, underneath, door jams, etc.
Used Car For Sale tip 2 would be to make sure you change the oil and all fluids. Flush the radiator and put new antifreeze. Make sure brake fluid is clean. You may even want to change the transmission fluid.
Used Car For Sale tip 3 is to make sure your brakes and tires are in good shape. This is something everyone will check. If your tires are worn, spend $300-$400 and put new rubber all the way around. If your brakes squeek or do not stop correctly, put new pads on and turn the rotors. Rotors are usually visible through the wheels and look better if they are nice and shiny.
Used Car For Sale tip 4 is to make sure there are no lights on your dash. When I say lights, I mean Check Engine, Service Engine, Change Oil, etc. I guess I should say lights on your gauges. This is a direct turnoff for a Used Car For Sale.
Used Car For Sale tip 5 is to park your Used Car in a high traffic area to be seen. This is probably one of the most important of all tips. The more people see your Car For Sale, the better your chance of selling your car.
Used Car For Sale tip 6 is to price your car where it will sell. Take it by your local dealer and ask the Used Car Manager for pricing advice. Most will be more than happy to help, Especially if it is the dealership you intend to purchase from once you Sell Your Car.
Used Car For Sale tip 7 would be to make sure you put a phone # that you can be reached. I know this sounds crazy, but many people put a home # when they are never home. Put your cell # so you can be reached any time.
Used Car For Sale tip 8 is to have a car fax ran on your car along with all service records and any of the tuneup records you just performed on your Car. These records and history of a Used Car will go a long way in getting top dollar.
Used Car For Sale tip 9 would be to price your car where you have some negotiating room as everyone loves to dicker. Everyone wants to think they got a deal. Price your Car 10% more than you are willing to take for the Car. If you want $5000, price it at $5500. If you want $10,000, price it at $11,000. You get the idea. A more expensive Used Car will merit a larger discount.
These are just a few tips to help you get top dollar for selling your Used Car instead of trading. You may have to spend a little money to make it more attractive, but the return may be worth it. It also depends on how fast you will be ready for your New Car. If you are in a hurry, it may be easier to trade. Try Selling Your Car 2 to 3 months before you are planning on Buying A Car. This will give you time to see if Selling Your Car is going to be an option that will work. You might find yourself Buying A Car quicker than you thought. Good Luck and Leave me a Comment if you have more tips or if any of these tips helped you Sell Your Car.
Used Car For Sale; Tips To Sell Your Car Instead Of Trade
First and foremost is to make your Used Car For Sale look good. Take it to a professional detail person and spend $75 to $100 to make it look Great, or spend a day and do it yourself. Make sure to clean the engine, underneath, door jams, etc.
Used Car For Sale tip 2 would be to make sure you change the oil and all fluids. Flush the radiator and put new antifreeze. Make sure brake fluid is clean. You may even want to change the transmission fluid.
Used Car For Sale tip 3 is to make sure your brakes and tires are in good shape. This is something everyone will check. If your tires are worn, spend $300-$400 and put new rubber all the way around. If your brakes squeek or do not stop correctly, put new pads on and turn the rotors. Rotors are usually visible through the wheels and look better if they are nice and shiny.
Used Car For Sale tip 4 is to make sure there are no lights on your dash. When I say lights, I mean Check Engine, Service Engine, Change Oil, etc. I guess I should say lights on your gauges. This is a direct turnoff for a Used Car For Sale.
Used Car For Sale tip 5 is to park your Used Car in a high traffic area to be seen. This is probably one of the most important of all tips. The more people see your Car For Sale, the better your chance of selling your car.
Used Car For Sale tip 6 is to price your car where it will sell. Take it by your local dealer and ask the Used Car Manager for pricing advice. Most will be more than happy to help, Especially if it is the dealership you intend to purchase from once you Sell Your Car.
Used Car For Sale tip 7 would be to make sure you put a phone # that you can be reached. I know this sounds crazy, but many people put a home # when they are never home. Put your cell # so you can be reached any time.
Used Car For Sale tip 8 is to have a car fax ran on your car along with all service records and any of the tuneup records you just performed on your Car. These records and history of a Used Car will go a long way in getting top dollar.
Used Car For Sale tip 9 would be to price your car where you have some negotiating room as everyone loves to dicker. Everyone wants to think they got a deal. Price your Car 10% more than you are willing to take for the Car. If you want $5000, price it at $5500. If you want $10,000, price it at $11,000. You get the idea. A more expensive Used Car will merit a larger discount.
These are just a few tips to help you get top dollar for selling your Used Car instead of trading. You may have to spend a little money to make it more attractive, but the return may be worth it. It also depends on how fast you will be ready for your New Car. If you are in a hurry, it may be easier to trade. Try Selling Your Car 2 to 3 months before you are planning on Buying A Car. This will give you time to see if Selling Your Car is going to be an option that will work. You might find yourself Buying A Car quicker than you thought. Good Luck and Leave me a Comment if you have more tips or if any of these tips helped you Sell Your Car.
New Car Versus Used Car; Which One Should You Buy?
This is a question that I, as a car salesman, get daily. Everyone is sort of confused about which one to buy. The main thing customers are concerned about is getting a good deal.
Let me say this; Consider pricing between the new vehicle you want compared to used car pricing of the same model. I will use the GMC Envoy because this is one that I sell.
A new GMC Envoy with leather interior will cost about $34000 pretty well equipped. Now with rebates and discounts lets say you can buy one for $31000-this is just an example. Include your tax, tag, title fees and your payment will be approx. $550-$600, this is also an approx. figure. This payment will change according to your rate determined by your credit. Now lets say you plan on trading this vehicle in 2 years and you did 60 month financing. At the end of the 2nd year, you probably will still owe about $26000. I am guessing at these figures, but I have been selling for 10 years so probably real close to being accurate.
Now, take this same well equipped GMC Envoy in a used model. You can buy last years model with 18000 miles for approx. $22000 with a payment in the $400 to $450 range. You also plan on trading this one in 2 years. In 2 years you owe approx. $16000-$17000.
Now, when the used car manager appraises these 2 vehicles you will get a better idea of how things work. The used one will have a few more miles because of the miles on it when you purchased it. The extra miles may cost you $1000 dollars. The new one may appraise for $14000 leaving you a negative equity of $12000. The used one may appraise for $13000 leaving you a negative equity of $4000-$5000. Now you can see the value of buying a used car over new. I have had plenty of customers that purchased a new car that are having trouble trading because of the large negative equity whereas the one that purchased the used vehicle can trade because they are in a better position for the bank. Now, if you put money down when you purchased the used one, you are even in better condition.
I am not saying every new car purchase is bad, but you stand a better chance with a good used car. We also do not know exactly how much a car will depreciate in these 2 years, but this is my experience in past years. So, look at a good used car and compare pricing while you are at the lot.
Used Car Prices and how they are determined!
Let me say this; Consider pricing between the new vehicle you want compared to used car pricing of the same model. I will use the GMC Envoy because this is one that I sell.
A new GMC Envoy with leather interior will cost about $34000 pretty well equipped. Now with rebates and discounts lets say you can buy one for $31000-this is just an example. Include your tax, tag, title fees and your payment will be approx. $550-$600, this is also an approx. figure. This payment will change according to your rate determined by your credit. Now lets say you plan on trading this vehicle in 2 years and you did 60 month financing. At the end of the 2nd year, you probably will still owe about $26000. I am guessing at these figures, but I have been selling for 10 years so probably real close to being accurate.
Now, take this same well equipped GMC Envoy in a used model. You can buy last years model with 18000 miles for approx. $22000 with a payment in the $400 to $450 range. You also plan on trading this one in 2 years. In 2 years you owe approx. $16000-$17000.
Now, when the used car manager appraises these 2 vehicles you will get a better idea of how things work. The used one will have a few more miles because of the miles on it when you purchased it. The extra miles may cost you $1000 dollars. The new one may appraise for $14000 leaving you a negative equity of $12000. The used one may appraise for $13000 leaving you a negative equity of $4000-$5000. Now you can see the value of buying a used car over new. I have had plenty of customers that purchased a new car that are having trouble trading because of the large negative equity whereas the one that purchased the used vehicle can trade because they are in a better position for the bank. Now, if you put money down when you purchased the used one, you are even in better condition.
I am not saying every new car purchase is bad, but you stand a better chance with a good used car. We also do not know exactly how much a car will depreciate in these 2 years, but this is my experience in past years. So, look at a good used car and compare pricing while you are at the lot.
Used Car Prices and how they are determined!
10 Used Car Buying Tips
Here are some great used car buying tips to save you money. They are in no specific order, but maybe they will save you some money!
1 Check NADA.com for pricing on the used car you are looking at. This is what most banks use to finance cars.
2 Check Kelly Blue Book for a guide on your trade.
3 Dont get too caught up on the trade value as most never get payoff for their vehicle. Instead, look at the bottom line. If the dealer uses wholesale on your trade, make sure you get wholesale price on the used car you are buying.
4 Consider financing the used car for fewer months. Try doing 48 months if you can swing the payment. If you finance longer, try paying a little extra on months that you can. Know your Credit Score. Get Your Equifax Credit Report Now!
5 Negotiate your best deal! After you have done this, tell the dealer they have a deal if they will pull a carfax report and everything is clean. Dont pay for a carfax yourself. Most dealers have an account where they can pull it for you.
6 Check the oil in the used car you are buying to make sure it has been changed. You can check inside the windshield, there will usually be a sticker telling when the next oil change is due. Check the back exhaust to make sure there is not excessive black residue around the opening--this would indicate that it may be burning oil.
7 Once you have negotiated your best deal, tell the salesman that you have one more used car to check out at a nearby dealer. Go to your car, even if you drive around the building and come back. If they let you leave, you are probably getting the best deal possible.
8 Remember to apply for your financing prior to looking for a used car. Try applying online at RoadLoans Auto Finance
. I have sold 2 customers this week with roadloan checks in their hand. Roadloan and will make sure that you do not pay too much for your used car. Roadloan gave my customer a better rate that I could offer! DONT FORGET, it is FREE to apply online through Roadloan. Click the link above and you will be taken directly to the 5 minute application. You will get an email with the results almost instantly.
9 Check your insurance on a specific car before you sign the dotted line. Shop and Compare Insurance
online to see who will give you the best quote.
10 After you have purchased your car, make sure you do not leave anything in your trade because the trade may be gone by the time you return. Check your CD player and above your visors, and dont forget your garage door opener.
If you do not get treated professionally, go to another dealership. How you are treated at the time of purchase is a good indication of how you will be treated if you have a problem. Even though you are buying a used car, it is new to you. Most dealers will gladly take your business, even if they do not make as much on you as the next because you are equipped with some great car buying tips.
Used Car Prices and how they are determined!
1 Check NADA.com for pricing on the used car you are looking at. This is what most banks use to finance cars.
2 Check Kelly Blue Book for a guide on your trade.
3 Dont get too caught up on the trade value as most never get payoff for their vehicle. Instead, look at the bottom line. If the dealer uses wholesale on your trade, make sure you get wholesale price on the used car you are buying.
4 Consider financing the used car for fewer months. Try doing 48 months if you can swing the payment. If you finance longer, try paying a little extra on months that you can. Know your Credit Score. Get Your Equifax Credit Report Now!
5 Negotiate your best deal! After you have done this, tell the dealer they have a deal if they will pull a carfax report and everything is clean. Dont pay for a carfax yourself. Most dealers have an account where they can pull it for you.
6 Check the oil in the used car you are buying to make sure it has been changed. You can check inside the windshield, there will usually be a sticker telling when the next oil change is due. Check the back exhaust to make sure there is not excessive black residue around the opening--this would indicate that it may be burning oil.
7 Once you have negotiated your best deal, tell the salesman that you have one more used car to check out at a nearby dealer. Go to your car, even if you drive around the building and come back. If they let you leave, you are probably getting the best deal possible.
8 Remember to apply for your financing prior to looking for a used car. Try applying online at RoadLoans Auto Finance
9 Check your insurance on a specific car before you sign the dotted line. Shop and Compare Insurance
10 After you have purchased your car, make sure you do not leave anything in your trade because the trade may be gone by the time you return. Check your CD player and above your visors, and dont forget your garage door opener.
If you do not get treated professionally, go to another dealership. How you are treated at the time of purchase is a good indication of how you will be treated if you have a problem. Even though you are buying a used car, it is new to you. Most dealers will gladly take your business, even if they do not make as much on you as the next because you are equipped with some great car buying tips.
Used Car Prices and how they are determined!
Used Car Inspection Tips
Everyone says "check the oil on a used car to see if it is black." Yes this is one thing you should do, but I say go a little further. The #1 thing to look at when buying a used car is the headliner. Why, because you will see how this car was treated inside and be able to tell if it was a smokers vehicle or not. Also around the top of the door window where people throw their cigarettes out, and without saying the ashtray. Now, check the glove box to see if they kept service record reports. If not, you can check the dealership if it was a trade from a previous customer of theirs. Just remember, many used cars come from rental car companies, enough said, but these rental car companies are under contract to have them maintained so probably not that bad if the cosmetics of the car look as though they were taken care of. Also, if you are opposed to a smokers vehicle and it is not obvious by the smell that will rarely come out, check the seats to see if there are any obvious patches in cloth. Many companies are good and cover them well, but many times it stands out like a sore thumb. Under the hood, check the belts and hoses to see how they look-belts should be tight, hoses should be firm. The first time you start the car, have someone else start it, and be at the rear of the vehicle to check the smoke that comes from the muffler. There is going to be some, but make sure it stops after a few seconds of running after the water condensation has burnt off. This is just a few things that most people dont think about, if anyone has more leave them in the comments section of this post.
Used Car Prices and how they are determined!
Used Car Prices and how they are determined!
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