Cheyanna Jade. Used Car. October 03rd , 2020.
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.
5). Can I test drive this car? Of course, it would show signs of a scam if the owner were at all reluctant to let you take it for a spin. Pay more attention on how the car performs on hills, highways also in stop-and-go traffic. 6). Can I take this car to a mechanic? Usually for less than $100, you can easily get an expert to sniff out any less-than-obvious problems. Find a mechanic who is specialized in this kind of inspection by checking in the phone book below ”automotive diagnostic service.” 7). What is your best price for this vehicle? Once you have decided that the car passes the smell test, it is time to negotiate a deal. Perform your research first, and then be equipped to walk away if you know the seller’s lowest offer is excessively high.
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.
Question: Why are you selling the car? The answer to this question might not impact your decision, but it is a good idea to have the answer. Lets look at it this way, would you rather buy a car from someone who decided to upgrade to get more room for their kids or someone who says they wanted something better? Many sellers tend to answer this question quickly and on impulse so you should get an honest answer. Question: Can I come look at the car and take it for a test drive? If you are asking all of these questions over the phone or via email, you will want to ask this important question. It is always recommended that you take a vehicle for a test drive before deciding to buy. Just because a car looks good, it doesn’t necessarily mean it runs good or will be comfortable for you to drive. Run in the other direction if a seller keeps making excuses. The car might not run or they might not even have a car to sell (common with online scammers).
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.
So who is the smarter consumer? Who is on their way to being able to always buy nice cars? Just from one or two times abstaining from borrowing money to buy a new car a consumer can have the money in the bank to buy all their cars new, if they so desire. Also, after a little time of driving an asset they own free and clear, consumers may find they like the way that feels, even if the car does not look showroom perfect. They say there is an air freshener you can buy for that new car smell. Also bear in mind that our calculations did not take into account the amount you can save every year on ad valorum taxes and insurance for less-than-new cars.
If you are buying a car with cash then this is a really easy step to follow, just only spend what you can afford. So now you have decided on the car you are after and the budget you have to spend now you just need to locate that car in that budget, it sounds simple but this is by far one of the hardest bits. I personally look for low mileage cars as they still will have a lot of life in them, I rather have an older lower mileage car than a newer higher mileage car as I just feel that the older car would have had an easier life. Where do you look when you are after a used car? Well I would first cruel through your local news papers and see whether any of you local car dealers have the car you are after then if they do go round and organise a test drive. When you are sure that the car is the car for you then walk away and try and find that car on the internet at the lowest price you can.
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