Used Car Buying Tips
Buying Used Cars
Buying a used car - It can be very hard to find the right
used car. What do I mean by right? Well many people just get rid of their
car because it has problems and you don't want to be the person that gets
stuck with someone else's problem!
| With FREE new car quote sites like
Stoneage, AutoMob,
Car Buying Tips,
AutoBuyingUSA, Cars Direct, Ford Direct , and
CarPrices.com maybe you can get
such a good deal on a new car and you won't have to take a chance on used
cars at all. Give them a try before you buy used. |
We are so lucky today that there are
companies like
Car Fax that will check out the car's
history.
Car Fax will even guarantee that if
the report says a vehicle has a clean title but a Branded Title
actually exists they will pay you $5,000. A "Branded Title" is a passenger
motor vehicle ownership document issued by any of the 50 states of the
U.S. (or the District of Columbia) which bears words or symbols signifying
that the vehicle was: junked or salvaged; rebuilt or reconstructed; flood
damaged; disclosed as damaged; bought back by its manufacturer; odometer
exceeds mechanical limits; odometer was not actual mileage; or any other
symbol or word signifying a similar Brand.
| A Warning
about "BUY HERE PAY HERE" programs.
Many used car dealers use the
financing program called "Buy here Pay here" were you make your
payment usually weekly at the dealer themselves. They also keep the
title and are listed as a lien holder just like a bank. Before you
drive away also most will make copies of your keys in the case you
miss a payment. These vehicles are bought at auction and are the low
priced cars that they bid $500-$1000 on. They will make you pay a down
payment of whatever the car cost them and then you make $50-$200
weekly payment until you end up paying $7000 for a $500 car. They also
hope that the buyer cannot pay off the loan because they will just
repossess the car and sell it again for the same high down payment and
weekly payments. This is how they make tons of money from you. They
like to take advantage of people with bad credit because they usually
can't get regular financing and will take any car offered to them.
This is why we suggest you buy new using
Auto Credit Finders
and
1-800-AUTO Car Loans
for people with bad credit.
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Car Fax Vehicle History Reports
reveal
important background information and unearth hidden problems in a
vehicle's past that may affect its safety and resale value. Our reports
can reveal:
- Totaled in an accident/Salvaged
- Flood damage
- Odometer rollbacks
- Lemon histories
- Junked Titles
- State emissions inspection results
- Lien activity, and/or
- Vehicle use (taxi, rental, lease, etc.)
Car Fax also has a
Free
Lemon Checks and
Free Vehicle Record Checks try
them out to see what
Car Fax
is all about.
| Make sure you take any car to
your mechanic before buying and also run a Car Fax.
Never take the dealers word, nothing is guaranteed until you get a
Car Fax
Vehicle History Report and your mechanic tells you the car is
mechanically sound. In Massachusetts any auto dealer must guarantee it
will pass the state inspection or they must repair it or take the
vehicle back. Check with your state for current used car buying laws. |
A great place to shop for a used car is with sites like
Stoneage Used Cars, Autobytel
Used Cars, AutoWeb
Pre-Owned Vehicle, and The
Big Lot just like the new car buying sites you can get a
free used car quote on your favorite used vehicle by using
Stoneage Used Cars,
Autobytel
Used Cars, AutoWeb
Pre-Owned Vehicle, and The
Big Lot. If your looking to finance
it is important to understand that banks will only finance a used car no
more then 4-6 years old. PeopleFirst.com
even will overnight you the cashiers check to make the purchase with. You
also should be aware that the banks APR is usually 2% more for a used car
purchase. Another great site for used car financing is E-LOAN. I highly recommend these two
site to get a loan with a much lower APR then a dealership would even
consider giving you! So say no to high dealer interest rates and use PeopleFirst.com
and E-LOAN.
Click here to calculate your vehicle loan payment
After you get the Car Fax
and it is found to be a good title you must take the car to your own
mechanic to check out. If you are at a big dealership don't assume it has
been checked out even if they claim it is certified. There is no set
certification for a used car certified could mean the oil was changed and
all fluids topped off.
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SHOULD YOU BUY A
LOW-MILEAGE "DEMONSTRATOR," "PROGRAM CAR" OR "EXECUTIVE MODEL"? |
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Some dealers
promote used cars, often with relatively low mileage, as
especially desirable because they have been used as demonstrators,
or because they were driven by manufacturer representatives and
therefore are "program cars" or "executive models." They may even
claim these cars to be brand new cars with low mileage but any car
with mileage over 100 miles is a used car and should be treated as
such.
Carefully examine
any such vehicle as you would any other for signs of accident
damage, and learn what you can about its prior repair history,
too. You must run a car
fax
vehicle history report The dealer may claim
the car is brand new and never been in an accident but with out a Car Fax
vehicle you have no way of really knowing and if you take the
dealers word and find out latter that it was a prior total loss or
had body damage don't email me for help because I can't do
anything for you at that point.
DEMONSTRATORS:
"Demonstrators" are used to provide test drives to prospective new
car customers. Chances are pretty good the car has been maintained
as the factory recommends. However, people who take test drives in
these cars, particularly drives unaccompanied by a salesman, may
drive it hard to see how it does: how quickly does it accelerate,
how quickly can it be stopped by slamming on the brakes?
Repeatedly pushing a brand new car to its limits may not be an
ideal method for breaking it in. You may want to check the Owner’s
Manual to review break-in recommendations, and be cautious about
buying a demonstrator where the factory urges gentle driving
techniques for the first few thousand miles. Consider whether any
price break is really worth it.
PROGRAM
CARS AND EXECUTIVE MODELS: The terms "executive models"
or "program cars" can mean different things to different people.
Be sure you know exactly how the selling dealer is using them.
Some dealers use the term "program car" to imply that it has been
driven by a manufacturer’s representative for his or her personal
use.
However, some
vehicles called "program cars" are really cars that have come back
into the market after use in the fleets of short-term rental
companies. These cars may have received hard use or been damaged
in accidents; they also may not have been well maintained. If you
are interested in a car that comes from a rental company, be sure
to ask for the full service and repair history on the car and
don't buy until you do a Car
Fax
Vehicle
History Report .
If you are
interested in a demo, program or executive car, be sure you
understand whether any of the original factory warranty comes with
the car, and for what period of time and mileage. Consider
purchasing an extended warranty direct from the warranty companies
and avoiding the dealers high prices. We review the best
auto
extended warranties on the internet.
LEMON
LAUNDERING: One further cautionary note about used cars with
relatively low mileage: beware of "lemon laundering." A car bought
back by a manufacturer under one state’s lemon law due to
un-repaired defects can be resold in another state without
disclosure that the car was a "lemon." Depending on state law,
this may or may not be unlawful. Even when manufacturers provide
appropriate disclosures, these may disappear (or be "laundered")
as the car is wholesaled several times, or is processed through
auctions. Recycled lemons often have relatively low mileage. Be
cautious. If a dealer presents the car as a "reacquired car" or
"program car," be especially inquisitive about its prior history
don't buy until you do a
Car
Fax
Vehicle History Report .
SAFETY:
Before or after you buy a car, take it to a dealership that
handles the same brand of new cars. For example, if you are
considering or just bought a used Ford Taurus, take it to a
dealership that sells and services new Ford automobiles. Ask the
service manager to see whether any safety recalls have been issued
for the car, and whether the recall work has been performed. Just
give the service manager the car’s year, make, model and Vehicle
Identification Number. Recall work generally is free, even if you
are not the original owner. Dealerships are generally very
cooperative in checking for safety recall information. If a dealer
will not cooperate, call the manufacturer or importer with the
same request and make a mental note never to do business with the
dealership.
When
you reach an agreement on the purchase price of a used car, you
may be tempted to think you're home free. In fact, there are
several crucial steps that need to be done correctly, or all your
hard work up to this point could be for naught.
If you are at a dealership, you still have to go through the
Finance and Insurance process. If you are
buying a car from a private party, you have to make sure that
payment is made and the title and registration are properly
transferred.
In both cases, you also need to make sure you have insurance for
the car you just bought before you drive it away.
At the Dealership: The Finance Room
The deal you made with the salesperson needs to be put into a
contract for you to sign. Before that's done, the Finance Manager
will need some information from you. For example, he will ask how
you are paying for the car. If you say you are financing it
through PeopleFirst.com
or E-LOAN, the Finance Manager will probably offer to beat their interest rate. Why not see if
they can? But make sure you are quoted not just the interest rate
but the monthly payment and the length of the loan. Compare it to
the rates you got from PeopleFirst.com
and E-LOAN more then likely these rates
will beat the dealer's hands down.
Also, the Finance Manager will probably try to sell
you a number of additional items such as:
- An
extended warranty
- Alarms and other anti-theft services such
as Lo-Jack
- Paint Sealant
- Rust proofing
-
Emergency roadside assistance
Some people swear by
extended warranties, so
this is something you might want to consider.
However
you can purchase an extended warranty for much cheaper click here
to find out were. Don't be misled by
the offer that the extra expense will be wrapped into the monthly
contract; it is still costing too much. For instance many car
dealers will charge you $200 to $1000 for
VIN Window Etching when the
same window etching kit can be bought online for only $15.00 from
Car Etch Even if the
window etching is already on the car refuse to pay
for it or go to another dealer!
The Finance Manager may seem like a financial
advisor, but he or she is really an experienced salesperson.
Sometimes the finance office can be worst then a POW interrogation. Some
Finance Managers can become very persistent trying to sell these
items. Be firm. Say, "I'm not interested in any Dealer
extras, thank you. I just want the car."
Once the contract is ready, review it thoroughly. Make sure you understand
the charges and question the appearance of any significant, sudden
additions to the contract.
You will also be asked to provide proof of insurance before you
drive away in your used car. That is why we say you should check
all the insurance rates available from
INSWEB
and also
Netquote.com
to get the lowest auto insurance rate before you go car buying.
All you need to provide is the VIN number to activate the policy.
INSWEB
and
Netquote.com
can fax a temporary policy to the dealership before you hit the
road.
Finally, you should inspect the car before you take possession of
it. If any work is required, and has been promised by the dealer,
get it in writing! You must get it in writing never take a dealers
word that the work will be done.
Private Party Sales
When you buy a car from a private party, you will probably be
asked to pay with a cashier's check or in cash. But before money
changes hands, make sure you will be able to register the car in
your name.
But what if the seller still owes money on the car and the bank is
holding the title? One way to deal with this is to conclude the
sale at the bank where the title is held. Have the seller call
ahead and make sure the title is ready. Once money has changed
hands and the bank has been paid the balance of the loan, the
seller can sign the title over to you. PeopleFirst.com
will pay off the loan and overnight the difference to you in a
cashiers check so you can pay the seller.
In some cases, however, an out-of-state bank might hold the title.
If so, go to the DMV and get a temporary operating permit by
showing your bill of sale Then, after the seller pays off the balance
of the loan with the proceeds of the sale, the title will be
mailed to you.
Once all of the paperwork is complete, it is finally time to relax
and begin enjoying your new purchase:
a good used car.
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Let's now visit places to get great
automotive extended
warranties and save thousands off what dealers
charge.
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