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 Midrand Cash For Vehicles , 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.
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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
When Is The Best Time To Buy A Used Car
Earlier, selling your used car privately used to be a very tough job. To sell your old car privately instead of going to the car dealership to trade in your car is no more a difficult task now. The following simple points are the must-knows which can help anyone to sell their used car smooth and fast.
Know the actual worth of your used car — The most basic and most important thing to know is how much the used car is actually worth in terms of cash value.
Fix a starting price and minimum acceptable amount — Knowing the true value of the used car is useful to determine an asking price in mind in order to allow room for price negotiation. Knowing the cash value of your used car will also help to fix an amount in mind that is the lowest acceptable amount for you. Be firm and stick to it when the price of your used car is up for negotiation.
Keep the papers ready — It is best to keep handy all the documents that you would require while selling your old car. Maintenance records, warranty papers and all other papers are mandatory.
Keep in mind the mechanical history — Knowing about your used car’s mechanical history and servicing history will help you to tackle questions smartly which are expected to come up from interested car buyers. Being able to confidently handle their queries will garner the trust of the buyers
Get the car ready — A clean and presentable car is always more impressive to car buyers. Cleaning and mending the car to get it free of scratch and bruises is very much needed to make a lasting impression on potential car buyers.
Get the car inspected — It is good to catch up with a car mechanic to examine and inspect the car to ensure that there are no issues with the machinery or functionalities.
Take pictures of the car — Once the car is cleaned and inspected, take photos in broad daylight and from different angles and publish the best among those for the advertisement that you create
Advertise — Nowadays, people advertise online to sell their old cars, so it is good to provide a detail description and also post pictures of your car. When interested car buyers contact you after seeing the ad, you can try to boost your sale by telling them why your car is a better option than the others.
Provide a test drive — It is good to offer a test drive to the prospective car buyers; and this is also a good opportunity to flaunt the positive sides of opting for your used car.
Negotiate price — When the car price is up for negotiation, make some counter offers if the car buyer’s quoted price is not the amount you are looking for. In this context, it is smart to quote a starting price that is higher than what you are actually willing to accept. Click here and get more info about old car valuation.
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For most people, a car is more than just a mode of conveyance. It is also a symbol of success and status. Your car is one of your most treasured possessions. Getting a car from one of the most recognized brands like Mercedes Benz India will certainly add to your grandeur. This automotive company combines luxury and performance across a line of SUV’s, sedans and more.
Purchase of a car from a reputed name like Mercedes Benz India requires some pointers to be considered prior to investing your money in it.
Purchase of New Cars
When buying a new car from Mercedes Benz India, you must first explore the complete range of cars available. Other steps include:
1. Find a Dealer
Once you are firm on your decision to buy a luxury car, find a showroom near your place. You can get the names of some trusted showrooms from the brochures or can intensively search about it online, whatever you feel more convenient.
2. Request for a Test Drive
After you have chosen the showroom and the kind of model you want, the next step is to ask for test drive. For this, you need to make an appointment on phone or fill in a questionnaire at the showroom. Once it has been done, a representative of the showroom will contact you shortly.
3. Financing your Car
Prior coming to a final decision, you must analyse various financing options given by the Mercedes Benz. If you prefer to buy this luxury car on EMI, get a rough figure of the instalments you would be required to pay every month.
Purchase of Pre Owned Cars
1. Research Mercedes Models
For those who want to buy used cars, you must first decide how old you would like the car to be. Mercedes Benz India launches cars in a variety of configurations. It is up to you what type of car you want to buy. Besides, you must also assess your needs prior to finalizing the model.
2. Inspect the Car Carefully
Inspecting the car carefully is very important, especially if it comes with a hefty price tag. Prior to signing a deal, you must ask the seller for pictures and detailed description of the cars. It is advisable to carry out a personal inspection see the condition of the engine and other accessories of the car.
3. Compare Prices
Before heading for a purchase, you must have a rough idea in your mind about the amount you want to spend. Different factors affect the pricing of a car and as a buyer you must find out the prices of distinct models as per their manufacturing year and pick the best as per your choice.
These were some of the pointers you must look for when buying either pre owned cars or new ones from Mercedes Benz India.
A WARNING if you are selling your car on TradeMe
Originally posted by Fiix under general car advice.
When thinking in the future about your buying a used car, it’s important to look at the numbers. Car prices tend to go down between November and January, and then tend to quickly shoot back up in the month of February. These statistics were gathered by CarGurus.com, who analyzed price trends on more than 12 million used cars.
The difference between August (the most expensive month) and January (the least expensive month) is pretty mind boggling. You can save over 5% just by timing your purchases to when cars will be the least expensive. This can amount to up to $1,000 on a $20,000 purchase!
There are many reasons as to why prices could drop near the end of the year. The first could be simple economics — as more people buy new cars at the end of the year, they trade in their old vehicles. As supply increases, the price drops. The amount of people in the market for a used car is typically much lower in the winter months, as well.
Another possible explanation is that your car becomes one year older in January (at least, on paper it does), which could lower its selling prospects. As many owners seek to sell their cars in the months leading up to the new year, prices drop.
Whenever you decide to purchase a new car, it’s important to know you’re getting your money’s worth. Fiix provides used car inspections, which can help you know the state of your car you’re purchasing. Schedule or call us at 647–361–4449.
How to buy a cheap used car
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.