Chere Lucie. Used Car. February 12th , 2021.
Tips and Tricks for Buying Used Cars ==> Avoid showing your interest or praising particular model ahead, I would better suggest you to talk with the dealer concerning minor defects you have noticed. Always let the dealer know that you may change your mind any time. Try to ask for lower price based on the drawbacks found. And the main rule: if you have not caught the sight of some car from the first glance, I would suggest to pass by and not to buy car under pressure. What to Check in Used Cars ==> Check the engine, the body condition as well as the hanger condition. The easiest way to find the rust is checking the boot floor. If, on some reasons you were not allowed to check the body floor, take care and look over your shoulder. Please note, sometimes polishes hide rust. Try to avoid buying cars damaged in accident. The payoff here is that your car can be infirm thus requiring new wheels more often. To get rid of the situation to buy that car, check the car body for gapping spacers on the doors, windows and other irregularities. Check it by sampling the diagonals (should be equal). If you find the car with original (factory) painting, that would be perfect, because in this case you see all the defects of the body.
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.
How to check a used car?. If you have ever bought a used car you know that sometimes things are not quite what they seem. At the time of purchase the car may seem just fine and even look and sound great, but later you start finding issues with it. Maybe it is scratches hidden by buffing or a strange sound from the motor. Maybe the steering seems to get looser and looser or an indicator light starts going off now and then. These things usually are not noticed when first buying a car because some of them are covered up by the dealership or owner selling it; and others are intermittent problems that will not be observed unless you are driving the car on a daily basis. All these possible issues though should be of concern if you want to make sure to get the best deal when getting that car.
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.
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.
Ownership – how many owners has the car had? Generally the less owners the better, and if you are buying from the original owner they will be able to tell you everything about the car’s history. Be wary if the owner is selling after having the car for a very short time – ask them why they are selling. Also, the type of owner can indicate how the car has been driven. Are you buying it from a woman or are you buying it from a 20 year old man? Mileage – how many miles has the car done? Does it equate to roughly 10,000 – 12,000 per year? If it is much higher, be aware the engine will have suffered more wear and tear so try to haggle the price down. Service History – Does the car have a full service history? Ask to see the Service book and check the records and make sure each service has been stamped by a garage.
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.
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