Angela Flavie. Used Car. January 12th , 2020.
Accidents – Has the car been involved in any accidents? You can check this by contacting the DVLA as they have records of every car in their database. Reason for Sale – Are you buying from a private seller or a used car dealer? If it is a private sale, why is the owner selling? Ask them to be honest and admit any problems the car may have (e.g. oil leaks). Ask the seller if they have been happy with the car. Extras – What extras does the car have? (Air conditioning, electric windows, CD player etc) Check that they all work. Fuel Efficiency – Ask how many Miles per Gallon the car does. If you plan to drive the car over long distances you will want a car that is fuel efficient. Test Drive – Always take the car out for a test run to see how it handles. A test drive is a good way to see if the car has any problems.
4). Advertise- To get your car sold, you must get the attention of potential buyers. And the main way to do it is to advertise. A simple ”for sale” tag on your car is sure to get the attention of interested onlookers. You can also post your car at classified ads, both in print and online forms. When posting an ad, make sure to add as many photos and details as possible. You can also try some creative means to get buyers’ attention towards your car such as exhibition videos. 5). Seal the deal- This is the part that some sellers fail to execute. When presenting a car to a potential buyer, make sure to put your best foot forward. Also, be open for negotiations, but steer clear from those trying to lowball you. Establishing rapport and making the buyer want the car more will also help your chances. Once the buyer bites, seal the deal, and both of you will walk away happy.
Many people do not consider that they have a choice when buying an automobile they need for transportation. They assume since they usually buy new shoes and new underwear that a car is something that should be bought new also. In our culture if you don’t have enough money saved to buy something now, there are always plenty of hawkers of loans and credit to lend you the money to do so. Is this always the wisest thing to do? What if you owned a 2003 Toyota Camry, sold it this year for $6,000, and took the money and made a down payment on a new $24,000 car? You would have to finance $18,000. According to Yahoo, the current national average for a car loan is 5.75 percent, and government statistics inform us that the average car loan is for a period of more than four years. Let us say you finance the car for six years. Your monthly payment would be about $320 a month. Six years later you would have paid $23,000 out of pocket for the car and you will have only $6,000 to show for it if you took very good care of the car and are able to get that price when you resell it. That means no accidents, no eating or drinking in the car, and getting the oil changed and other maintenance taken care of on schedule, and keeping the mileage low to average. In other words, you will need to have a bit of luck and be very conscientious in taking care of your car if you want to get a good resale value on it six years later.
Buying a second hand car can be a big pain in the bum but with the right information and a little bit of guidance you can pick up a real bargain. A second hand car does not have to be a banger of a car it can be only 6 months old, so dispel any prejudices about second hand cars. Everybody likes a brand new car but if you think about it logically the people that buy brand new are losing a lot of money! When you drive a car off the forecourt of a car dealership the car will instantly depreciate in value and that is a really big problem. There is no exact figure about how much a new car will lose when it is driven off the forecourt but a reasonable guess would be 30% this is based on what I have seen in the past.
Many cities have a location where they have used cars for sale, frequently through government auctions. Some of these cars have been repossessed, some have been confiscated by the police, some have been abandoned, who knows. The government has assumed clear title on these cars, and about once a month, or depending on how quickly their lot fills up, they will place these vehicles up for sale. If you are a person who does not have much wisdom about cars, it would be prudent to check around among your friends/relatives to find someone who could go with you to the sale. In many cases, the day before the sale, the yard will be open for a couple of hours, and then the day of the sale, open early, so that you can walk through the cars and check out cars that might interest you. Once the bidding starts, they will pull a car up to the staging area and take bids. If you are the winning bidder, you must be able to pay a certain percentage down right then. This depends on the sale. (You will want to get the information ahead of time). Usually they will give you a day or so to come up with the rest of the money. They do not provide financing there. Good luck in searching for a car.
Pick Your Car And Prepare To Negotiate. Most cars are priced to negotiate. There is usually about 10-15% reduction in price available, so you need to haggle for it. Again, bring someone with you who is familiar with the car buying process and will help you bargain for a better price. Consider Conditioning The Car On An Inspection. If the car is more than a couple thousand dollars, or really, even if it is less, you may want to make the sale contingent upon a clean inspection. You will need to factor this inspection into the budget and it can run you up to nearly a thousand dollars. However, the headache and frustration it may save you in the long run makes it worth it. Close The Deal and Drive Off In Your New Car. Try to pay for your car in a cashier’s check instead of cash. It is the same thing, but it leaves a paper trail. Make sure you have agreed upon everything and have a bill of sale in writing. You do not simply want a word of mouth agreement because you then have no proof of the sale or any changes they agreed to make after the sale.
Interior Points: Functionality of features and electrical components – There is nothing more irritating that trying to adjust a side mirror that has electronic controls and finding out that it does not work. The same goes for various lights in the dash and other important controls like the hazard lights. Evidence of Smoke or odors – For many of us a buying a car that was once smoked in is not a choice we would want to make. Same goes for other odors or spills. A car that has had a lot of food spilled or chemicals could cause health problems down the road. Under the Hood: Fluid levels and hoses and belts – While these may seem an easy thing to check yourself the question is whether or not you know where every belt, hose or fluid container is. Miss one and you might be walking home at some point or calling a tow truck!
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