Destini Athénaïs. Used Car. November 23rd , 2020.
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.
1. Do your research. You don’t want to be stuck with a car that you don’t want. By simply doing your research before you go in, you will know what sort of car you want to be looking for and where you want to find it. 2. Find out about the car. Once you have decided on a car, join a forum and get to know the people there. These people have lived and breathed this car for years and know the ins and outs and the problems associated with the vehicle. Search around for some answers to your questions, and if you can’t find them, ask and see if anyone can help you out. More often than not, you will find some great people on forums who are going to give you great advice about the car you want. 3. Know your seller. You should find out all you can about the seller and why they are getting rid of the car. If they seem standoffish and just want it gone without any explanation, be wary. You don’t want to be stuck with their old problems and the more reliable they are with information, usually the better they have treated the car.
You might think that’s still a bit old. Not all old cars are that bad. Within the last 10 years or so regulations have been put in place to control emissions and get better gas millage. Some car companies like Toyota or Honda have been doing this all along regardless of laws. For example I drive a year 2000 honda civic. Its not the pinnacle of ’green’ technology but think on this I get around 25-30mpg. This car is now 9 years old. Many cars today can just match that, and some can’t even reach that high of millage. It also has always passed California smog check and emission checks. California is notorious for its strict emission control standards. So if it can pass those tests it’s a good, clean running car. And since the car is quite a few years old it’s not going to be all that expensive, especially if its found at an auction where you say how much you’re willing to buy it for.
2). What is the maintenance history of your car? Ask the current vehicle owner to show you records of oil changes, routine maintenance as well as the mechanical work that might reveal a whiff of a problem. 3). Why are you selling this motor vehicle? Do not rely on the seller’s honesty but on your own instincts with this one. If the existing owner cannot give you a plausible explanation, that can be a indication that he may be trying to pass off a lemon. If you odor a rat, move on. 4). Is this car is still under warranty? Just as when you are shopping for a fresh jug of milk, you’ll want to pick the car that has the most time left previous to the expiration date – on the warranty that is. If the warranty won’t transfer, or if it is previously expired, consider asking the seller to cut the price by what it would price to buy an extended warranty. After that you can decide whether to purchase the extended warranty or else bank the money for possible repairs.
The best way to avoid these potential money pit or safety problems is to get the first car inspected. There are a lot of car inspection services. out there to choose from. Some people even use friends or family to check out the car. No matter who you use; you should always have certain things checked out. These inspection points are a must know if you really want to ensure that the car you are going to buy is both worth the money asked and reliable and safe! Exterior Elements: Previous body work or repair – A sure sign that a car may have future issues is when you discover that body work has been repaired. Knowing this can save a lot of money in the future if issues arise that could have come from a previous accident. Tire condition and tread depth – A money saver for sure is knowing how long the tires will last before you will need new ones. Another important factor in checking tires is your safety and the control of the vehicle. So, to get out of danger you need to have a safety vehicle inspection.
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!
Depending on how long you have been driving, you will probably have had at least one car you have wanted to sell, and if you have ever tried to sell a car, you will certainly understand the minefield that is the used car market. There are many reasons why you may think to yourself ’I want to sell my car’; perhaps you want to buy a newer, or better, car; perhaps you have developed an environmental conscience and wish to ride a bike, or take public transport; or perhaps you simply need to raise a little capital in a short space of time, and think that selling your car would be the perfect way to do so. Selling a used car can take time and money. If selling privately, there are the associated costs of advertising, which can reach in excess of £150 if the car is advertised with a coloured photo. There is also the time involved, it is unlikely that the first person who views the car will take it, and so, more often than not, multiple viewings are necessary, these take up valuable free time and can be a great inconvenience. Alternatively, if selling with a dealership, it is unlikely that you will receive a good price for your car.
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