You may wonder what to know when buying a used car? One of the best pieces of advice to follow before buying and Selling a used car is to do your homework. You probably have an idea about which kind of car you want to buy, i.e., the make and model, and whether you want a two-door or four-door. You also probably know whether you want a sedan, family car or pick-up, and what kind of gas mileage you need depending on how often and how far you travel for work and/or recreation.
Proper Cars for Cash Research is Important
Before you visit a dealership Jhb Best Place To Sell Your Car , you’ll want to begin a web-search to check out everything about the vehicle(s) you want. You can even find recall lists on makes and models, saving you time and hassle. Check out current values at from trusted sites. Collect information from many sources, do you own research, then create a chart filled with information from various sources to compare the price. When you learn the current value of the vehicle(s) you are interested in, you give yourself negotiating power when interacting with a salesperson. Knowledge is power, and you never want to enter into a big decision-making process, especially where your money is involved, without being prepared. And always err on the side of caution. Selling used cars is a business, and they want your money.
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If possible, try to buy your next used car from the previous owner. You can find these deals in your local paper and your neighborhood. Often times the previous owners might have spare paint, the instruction manual, even snow tires. Also, you can ask them questions about the car. The fewer owners the car has had, obviously, the better, and if you trust the previous owners, that’s a bonus. But keep in mind, if you’re not shopping locally and want to broaden your options, internet search is always a great option for you, just be sure to surf through trustworthy sources only. Internet is one of the powerful and free sources where you can seek out for used car buying tips and follow through with those tips and advice.
What to check when buying a used cars
You should definitely “check under the hood”, and make sure there is no structural damage from a previous accident or natural disaster, like a flood. Be sure that the odometer reading is accurate and has not been tampered with. Check the airbag to make sure that it is still in the car and that it has not been deployed. Pay a mechanic to inspect the car for you before you buy it. This is very important — have them check the brakes, engine, motor, radiator, muffler, and inside the body for any structural damage. Better to spend a little extra money ahead of time than to find out later that your used vehicle is a clunker.
Take the car out for a rigorous test drive, including driving it in busy traffic, up and down steep hills, on the highway, and along winding roads. This is your hard-earned money you’re going to be spending on the vehicle, and you don’t want something you can only drive when the weather’s nice or on a trip that’s less than 30 miles. Check out the maintenance record on the car. If you notice that it’s been in for serious repairs, or has had several estimates for expensive repairs, such as transmission work or head gasket repairs that the current owner couldn’t afford to fix, move along.
Used Cars to Buy and Sell advice
Although dealerships now prefer terms like “selling pre-owned” rather than used, keep in mind that the average pre-owned automobile has probably had three owners. With many car search and car safety inspection services, you can, however, find out information, or even receive an inspection report about a vehicle before you pay one red cent. Never buy a car where the VIN number has been partially scraped away. And don’t forget, dealerships can’t deny you the right to see the car inspection report on the car.
Best Place To Sell Your Car in Gauteng , Pretoria , Midrand, Jhb, Roodepoort, South Africa, Fourways , Sandton, Johannesburg , Centurion, Randburg
How and Why They Are At Odds
You’ve probably read Fortune’s recent article, Why Car Dealers Really Hate Tesla. They highlight the following key fact:Tesla, the all-electric automaker and energy company sells its own cars directlyonline and through its own branded stores, not through franchised dealerships. The company has one store and service center in Virginia as well as one ?gallery,? where customers can look at the cars but not buy, or even test drive or discuss the price. And Tesla wants to open up one more store, where it can actually sells its vehicles, in Richmond.
The issue of allowing manufacturers or hybrid ownership under current franchise law exists not because Tesla or manufacturers are committed to ?taking down franchise law,? but because Tesla and manufacturers understand that franchised dealer system is at an inflection point. Dealerships are a vital part of every local community they serve, but their strategy to lobby rather than address operating inefficiencies is what has created these attacks. Until they address their core problems, the attacks will grow.
Less than ½ of 1% of the US?s 53 million new and used cars sales this year will be sold online. Manufacturers and dealers together spend $34 billion annually to sell 17 million new and 9 million used cars by driving millions of consumers to 20,000+ non-transactional websites. Why? They believe more information means less profit. (Just try to find an FAQ page on a dealer website.) Instead, dealers insist consumers visit the dealership and endure their legacy sales process where they price people rather than products. While commonplace 20 years ago, this degree of transaction friction is unsustainable for new car dealers.
Dealers would be better served to focus on improving their competitiveness. While dealerships are important employers and most often the largest local source of tax revenue, their inefficiency is undeniable. They average just 30% service, 25% repeat purchase loyalty and churn 70% of sales people annually. Why? Their 3 to 5-hour sales process limits a salesperson?s income and consumer satisfaction. How long will the industry spend $2,000 per new car sold in advertising to sell to consumers not likely to return? Their fight is not with Tesla, but within.
originally published on vinadvisor.net
Car Buying Online, Tesla, and Car Dealers
Blame it on the increasing price tags of brand new cars or the brutal depreciation hit in the initial years; more and more potential buyers are having second thoughts about buying new cars for sale. Even though purchasing used cars for sale offer a varied array of benefits, it is always a gamble of your luck. And with the increasing incidents of dealership scams or marketing ploys, it is easy to fall into a lemon trap. Want to save yourself from the buyer’s remorse; then you should arm yourself with all the right information and tactics to find the best deal in the second-hand auto sales market. Below listed are some essential tips you need to follow before buying used cars for sale.
Research in detail: You may also seek recommendations or research online about the reputed dealerships in your locality. After narrowing down the choices to a handful, you can check out their website and explore their inventory in depth. For instance, if you have decided a specific car model to buy, then online research is the best method to find the best deals in market. Let us say you are planning to buy used Chevy Tahoe SUV; checking out the consumer reviews on the make and model will help you figure out the possible defects or common problems with the specific model.Ramey Chevrolet
Be prepared with a set of questions: If you have decided on the dealership and the car model, then the next step is to prepare a set of questions. Visit the dealership in person or contact them through email or phone calls to find more information about the potential car model for sale. You may enquire about the reason for sale, mileage of the vehicle, number of owners and more. Is there a salvage title? Do you have all the records? Have there been any major repairs? Is it a trade in? You can add more questions to the list for collecting more details about the used Chevy Tahoe for sale.
Checking the documents and inspecting the car: Ask the vehicle history report and maintenance logs of the car. It will give you a detailed insight on title problems, service records, accidents, major repairs and more. Visit the dealership or auto store to check the vehicle in person. Make sure to examine the exteriors and interiors of the car carefully. Open the hood and take a good look at the engine too. Dents, rusted parts, leaking oil and peeling off paint are some of the warning signs of a lemon car. It is always recommended to hire the services of an experienced professional to get the car inspected thoroughly.
Test drive: Last but not the least, take the car for a test drive on both local and highway roads. Test driving the car on different road conditions can give you a better idea about how the car performs and responds. Make sure to keep your eyes and ear open during the test drive.
Following the above-mentioned tips help you in navigating through the pre-owned car buying process seamlessly.
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If you are looking to buy a used car from a dealer keep in mind that prices can vary from zip code to zip code, state to state and cities to suburb. For example, buyers who purchase their vehicles in the city generally pay $345 less than in the suburbs according to a Cargurus survey. The state that you reside in can also make a significant impact. States with below national average transaction prices include Miami Fl, Cleveland OH and Rochester NY. One tip is to shop around online and check out prices from dealers within a 50 mile radius (or more if you are inclined) since prices can vary drastically on the same model and make.
If you are looking for a car that is too cheap to be even sold at a used car dealer you may want to consider a local junk yard. Most of these cars are in poor condition or too old to be traded in. Most cars at junk yards are “fixer uppers and may require a lot of handy work. Contact your local yards and ask if they sell to the public.
Third Party Online Classifieds
Online Classifieds like Craigslist (http://www.craigslist.org) and Auto Trader (http://www.autotrader.com/) are an easy and free way to locate affordable used cars for sale by private owner. The drawback from buying from a third party is that vehicles don’t come with a warranty or guarantee which increases your chances of getting a “lemon”. Have a mechanic inspect the vehicle prior to purchase in order to ensure that everything is working properly. Most private party sellers generally only accept cash.
The Key Is To Negotiate
Being armed with information is key when it comes negotiations. Check out Kelley Blue Book for the true market value of the vehicle. Some buyers may feel more comfortable negotiating online or phone instead of face to face and there is no shame in that. Do whatever you need to do in order to feel comfortable when it comes negotiations.
Buy Here Pay Here Car Dealers
If your credit isn’t good enough to qualify for financing at car dealerships or banks but you don’t want to purchase a vehicle from a junk yard then Buy Here Pay Here Car Dealers may be an option (Example http://www.motortrust.com/) offer their own financing in-house and are more likely to offer lines of credit to consumers with a poor or limited credit history. Interest rates tend to be higher but they generally offer auto loans to buyers who many not qualify for a loan at a traditional car dealer or financial institution.
Shop Smart & Spend Less
The bottom line is that you don’t have to spend a fortune in order to find an affordable car. Factors such as geography and the type of place you purchase the vehicle from can make a significant impact on the bottom line.
What to Know When Buying a Used Car
Purchasing a car, whether it is used car or new can be an expensive endeavor like buying a home. Many questions come into the buyer’s mind such as what car to buy, what should be the car budget, buy new or used car, etc. Therefore, I am going to provide you some great tips in this post that will help you in getting the answers of these questions so that you can buy a good car in your budget.
- Know Or Set Your Budget
Decide what car you want to buy or what you can afford before you start your car shopping as it will make sure that you don’t get over your head. In addition, you should follow a universal rule of thumb that is “Your Monthly Car Payment Should Not Be More Than 20% Of Your Take-Home Salary”. People shop for cars with their heads and hearts. This can be dangerous, and that’s where a home budget calculator comes in handy as can prevent you from getting in over your budget when you buy a car.
2. Build A List Of Cars
Build a list of 3 to 5 different cars that meet your requirements as well as fall in your budget. Besides, make your mind up which features and options you want and don’t want. Also check out reviews and feedback online from people who have already purchased as the best part about this is that you will get authentic information about cars and their performance from the comfort of your home or office.
3. Consider Both Used and New Cars
Purchasing used isn’t an option for some people, buying because they want a brand- new car as well as want to choose the color and the features in it. Besides, there is absolutely a pride of ownership in being a vehicle’s first owner. But, if you are on a tight budget, then purchasing a used car gets you the most vehicles for the money. Cars are built for at least 100,000 miles, so need to sacrifice overall condition and reliability just to get a great deal on a used car. You can go for a used car that’s scratch-free as well as in excellent mechanical shape. If you know something about cars, you must be able to find a used car that is in “like new” condition. Therefore, ensure to go into the car-buying process with an open mind, taking into account both new and used cars before making your closing decision.
4. Take Test Drive Of The Car
Do you know about 90% of people who purchase a new car take a test drive? So, don’t be among the other 10% people. There are plenty of reasons that you must take test drive the car, and comfort is the foremost reason. There are some cars that you won’t experience comfortable and relaxed driving. If you are not comfortable, just go for another one. If you are married and have kids, then bring them along on the test drive because their comfort level is also important, and they will provide you their truthful assessment of the vehicle. If you really like the way the car drives, now you must have it inspected buy a trusted mechanic before you negotiate to purchase it as it can save thousands of dollars.
5. Check The Online Car Marketplaces
Buying a car online is no doubt a great option to think about. Whether you are buying a used car or simply want to check out the latest brand new models, online auto dealers provide everything you need. The real benefit to buying a car online is bypassing the car dealers altogether as well as cutting short the sometimes long process of negotiating on price. In addition, you avoid the hassle of dealing with irritating car salesmen and can lock the deal with a much better price. A salesman on an auto showroom is trying to bargain the maximum price possible because his commission is based on a percentage of the sale price. On the other side, an online car sell dealer or salesperson is working on a fixed salary and gets a bonus, based on car sale quantity. Buying a car online is extremely convenient compared to visiting multiple physically placed auto showrooms.
Remember, dealer finance may be easy, but can be very expensive .Probably you can get a better deal from a bank. Read all contracts watchfully to ensure that the interest rate on the loan is not contingent upon approval. If you need a car loan must follow these guidelines:
- Your Monthly payments should not be more than 15 percent of your take-home pay
- Your down payment must be no less than 20% of the purchase price
- Limit your car loans to 48 months ( 4years) or less
In case you cannot beat these budget targets, consider purchasing a lower-priced car. In addition, you can also think about used cars or spend some saving up for a bigger down payment. Remember, it is always good to be safe than sorry when it comes to making a budget for a car. When you have a car already, and it is time to change this car for many reasons or it perhaps a good time to purchase a new one. Many car sell dealers provide exchange schemes, which will cut the price you pay for the brand new model car.
Michael Johns an energetic and self motivated writer, I have written creative articles and journals for various channels. . I wish to share my knowledge with others and jump into blogging and write the article about education sharing, technology, health issues and crazy knowledge about cars and travel services.
What to Know When Buying a Used CarMy beloved Subaru Outlook
I hope this story serves as a warning to others to be extra vigilant when selling things online. If it prevents even one person from being sucked in, then it will have been worth writing.
I am currently trying to sell my car on TradeMe (for those outside NZ, this is the top online auctions site in the country, similar to eBay).
Within an hour of listing I received a text (from number 538 — itself a little suspicious)…“Hello, i am texting to know if your vehicle on trademe is still for sale, plz email email@example.com as this is urgent”
Upon sending an email to the email address I received the following response…Thanks for responding, My name is Susan Allan. i want you to get back to me with its current condition,more pictures and your final price as i am looking for a decent bargain. I am an officer with the Royal New Zealand Navy camped in uae and due to the nature of my work, phone use is restricted,reason why Im contacting you with internet messaging. Arrangements will be made to have this picked up from you by a local dubai shipper after payment and all necessary registration/paperwork will be handled as well before pick up.Regards
After I replied with more details and photos, I got the following…Ok,i just wanted to make sure nothing has been left out
Thanks for the information, it was really of immense help
i am happy to purchase for my son at your asking price and do you have a PayPal account,as i will be paying with PayPal for our own protection,PayPal act as a neutral third party. it is safe,secure and reliable, and also due to the fact that i am currently offshore and i won’t definitely be able to make it to the bank to wires money across to you.It is what safe and convenient for me. plz do check it out.
The language used in this email seemed a little strange - a bit formal for a kiwi, but I didn’t really think too much of it at the time. I responded once again that I already had a Paypal account and payment via this method would be fine (I also increased the price of the car by $300 to account for the PayPal transaction fees). She replied asking me to create an invoice in PayPal requesting payment. After confirmation I had done this, I then received the following reply…
“ok yes i found the invoice it was sitting in my spam but How do i know you will not run off with my money after the money has been first credited into your account cause we are dealing with a lot of money here and i cannot afford to lose my money just because i want to get a vehicle for my son. So can i trust you ? can you give me your word that everything will be fine. i am sorry if i am a little rude here, hope you can understand my point of view
attached is my proof of identification”
I responded with a photo of my own Driver’s Licence and a link to my LinkedIn profile.
The next response was as follows…have remitted payment to you via paypal and I also paid paypalcharges to ensure you get your full payment. the shipping address isregistered with paypal and they should send it to you in the paymentnotification. please check your e-mail for confirmation of payment, somake sure you check your inbox message folder and junk folder for theconfirmation email as the money has been completely deducted from my paypal accountAccording to paypal’s instructions, I have added extra $2200.00 NZD to take care of the shipping bills( i had to do that because you are the one to pay the shipper since you are the seller and they are going to pick the item up from you), so email back immediately you receive the confirmation and kindly make sure you read thoroughly through the payment confirmation messages as they should contain guidelines on how to clear your funds into your account immediately.
Again I thought the language a little strange, as was the fact I had to pay for the shipping. However the next two emails really got the alarm bells ringing. They looked genuine (I’ve put them in as images so you get an idea of how good they looked), but what they wanted of me was very suspicious. The From address ‘firstname.lastname@example.org’ was also a red flag…
After replying to the email as instructed, I got the following…
At this point, I figured out that this was most likely a scam, and after doing a quick google search, I found this…Malaysian Trademe/Paypal Car Scam - Page 12 - ScamBusters New Zealand
With all these scams you should remember that it is virtually impossible to export a New Zealand car to other countries…www.scambusters.co.nz
I have responded to ‘Susan Allan’ asking for further proof of identity, local contact details for the shipping company and a call via Skype. I don’t really expect a reply but will post an update here if I do.
It is obvious that these scammers have been going for a while and have been refining their craft. If you are ever contacted by someone overseas interested in buying your car, be very suspicious, no matter how genuine they seem.