The Gold Book Official Used Car Value Guide All Cars September Quentin Craft Books
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Used Car Value
Quote from Used Car Value :
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.
There is a big concern these days about going green; caring for the environment. One of the biggest forms of pollution is cars simply because there are so many of them. Hundreds of millions of cars are running all day long, every day of the year. Some cars are newer and have better controls built in so they run cleaner and get better millage. However a lot of cars are still very old and run poorly. I’m sure many people would love to get a new car but a lot of times they are not affordable. Newer cars can be expensive. Newer ’green’ cars such as hybrids and natural gas cars tend to be even more expensive than your average base model car. So what can a person do to drive a newer car, get better millage, help reduce pollution, and save money? One answer, believe it or not, is to get a used car from an auction. Government auctions happen all the time and are a great place to find used vehicles. These used cars for auction are not your run down old junkers. No, they instead tend to be newer cars usually from within the past 10 years or less.
Now pretend that you keep your 2003 Toyota Camry or that you are the buyer this year that bought it for $6,000. You have no car payments, so if you get laid off from your job or have other temporary financial setbacks, there is no stress from the possibility of the car being taken by the repo man. Granted it’s a used car so we might need a little extra for repairs, let’s say $100 a month. You still need to get the oil changed and regular maintenance done on the car like the new car, but you don’t need to sweat over a few coffee spills on the upholstery or scratches and dings on the paint since you know the car will be worth little when you are ready to get rid of it anyway. Where will you be in six years if you sock away the extra $220 dollars a month in a rather lousy investment CD with a rate of one percent? You will have $16,000 in savings. That is surely plenty of money to buy another nicer and newer car.
A used car can be a valuable asset if you know how to look after it. After all, not having to worry about an expensive car payment every month is nice! But, just because you own a used car doesn’t mean that you can’t enjoy a luxurious interior, or sparkling exterior.
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