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 Centurion Cars Wanted , 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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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.
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Useless cars lying in your backyard is something that not only consumes spaces but also causes you problems in more ways than one. But what can you do about your junk car, thrown into your backyard? No one would want to buy a car that is completely torn out and would take lots of money to get it on the track.
But there is a way that will help you get rid of liability of maintenance for your junk parked in the space that you can make the best use of. And this is cash for cars in Kansas City, an agency that specializes in buying any type of old vehicles including engineless cars, torn trucks, vans not working and the likes. The best thing about this is that you are provided fast cash and pick up of your junk is arranged in a way that is most convenient to you.
If you are going through a tough financial situation, selling your junk vehicles is an extremely good idea to get over the problem and come out of this troubling situation. You can get fast cash that you can use to pay your utility bills or use to buy a new vehicle that you are desperately looking for. In short, selling your junk car will help you improve your financial condition and have a peace of mind in your life.
But how to find a platform or where to sell useless, not working vehicles for the best price? This is what most people looking to sell their old useless vehicle struggle with. If you have a car old and useless and you want to sell it to fetch some hard cash to spend on something most important for you, Cash for Cars Kansas City is the platform you can count on. It is a decade old, renowned junk car buyers helping people across different cities including Kansas sell their useless junk cars lying in their backyard. The company is run by a team of professionals who are extremely experienced and equipped with the right acumen needed to find you the best value for your old useless vehicles.
If you are looking for removal of your junk cars from the backyard of your home, look for nowhere. Old cars buyers are the best platform to sell junk cars and get fast cash in a hassle-free manner. However, before you contact a junk cars buyer in your city, make sure to check with his credibility, license, and expertise. Do not go ahead unless you are not sure that the buyer is genuine, not a fraud.
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When you don’t really need to drive all that much
As a designated Car Friend, people often ask me: Hey, James. Should I pick up a reasonably-priced used car and drive to the beach and sometimes suburban grocery stores? The answer to this question, of course, is yes, but that answer invites a much lengthier interrogation: What cars should I look at? What’s a good budget? Are private sellers trustworthy? In the spirit of that discussion, what follows is a comprehensive guide to buying cars for people who live somewhere that ensures they don’t really need a car, but maybe it’s nice to have.
It’s a good era to be shopping for used cars. Assuming you don’t rely on your car for daily transportation, it’s possible to get a perfectly decent vehicle for a small investment. Modern autos last far longer than whips of previous generations, and even a car fifteen years old in 2016 ought to feature a solid slate of creature comforts and safety features: power windows, AC, airbags, ABS, etc. The slings and arrows of depreciation ensure that used cars of a certain era trade hands at perhaps 10 or 20 percent of their cost new. What’s more, a savvy motorist can drive one of these used cars for several years, maintain it a bit, then sell it at nearly the same price. There’s a baseline where depreciation slows to a crawl.
You ought to plan on laying out at least $2,500 for a reliable set of wheels. It’s unlikely an example much under that price point will have many years of life left in it. Outliers exist, of course, but the risk somewhat overshadows the reward. On the other end of the spectrum, the once-a-week driver probably doesn’t need to spend more than $5,000. Between those points is the sweet spot for value and reliability.
What types of car am I looking for?
Japanese manufacturers tend to produce the most reliable cars. In the used-car bargain bin, Hondas and Toyotas are the longest lived, and also hold their value a bit better than the competition. Lexuses and Acuras are often perfectly affordable — these are just Toyotas and Hondas by another name. Nissans and Subarus are safe bets, too. Older cars from European makes are hit or miss. Plenty of folks drive their BMWs and Mercedes into the ground without experiencing a major repair bill, but frequent maintenance is critical for more complex, luxurious cars. An aging sports sedan with power seats, air-adjusted suspension and dual climate zones has a lot more components capable of breaking down. Low-end Euros aren’t safe either: elderly VWs in particular should be banished from your search.
American cars tend to be the least expensive on the lot, for good reason. There are certain models from Ford, Chevrolet, Dodge, and their sibling brands that are screwed together well (particularly trucks) but many of these products are real duds. Avoid anything that looks like it belongs at a rental counter in LAX circa 2005.
For a consumer in the market for a “regular” car, boring old sedans and compact cars deliver the best value. Trucks, sports cars, Jeeps, etc., are valued by enthusiast communities and command a premium compared to more sedate transportation.
What to look for in a used car ad?
Cliché, but true: the best marketplace to seek a used car is the same venue you used to sell your couch and find a Pokemon trainer: Craigslist. Certain regions have good local-paper classifieds, too, but Craigslist — temple of retro web design — always delivers.
Lots of people fear buying a used car from a private seller, but I prefer to do business with an individual. Dealers don’t know much about the history of their inventory, while a private seller can share the life story of their car. Private sellers are by and large honest, if occasionally less informed than automotive experts. Used car dealers specializing in the cheapest cars, by contrast, are often true bottom-feeders — the fount from which car sales stereotypes emerged. There are reputable used car outlets, but be on guard for a fly-by-night operation.Here’s an ad that appears to have nothing to hide
In evaluating ads, you’re looking for two things: maintenance history and plenty of clear photos. The more photos, the more likely the car is in good condition. Cars that invite close inspection should be advertised with shots taken from a variety of angles, showing the inside and under the hood. Check that doors all sit level, and that the color of each panel matches exactly — uneven body fit or paint can indicate a prior wreck. Look closely for signs of rust. Rust is the worst, usually a terminal condition, and especially a concern when shopping in the snowy, salty states of the northeast or Midwest.
The more maintenance an owner can demonstrate they’ve performed, the longer their car is likely to last, and the less money you’ll have to put into it. Ask about wear items that need to be regularly replaced: tires, brakes, battery. The longer a car has been with a seller, the more likely it’s been well looked-after. Mileage isn’t an urgent concern — it’s better to buy a thoroughly maintained car with higher miles than a low-mile example suffering from neglect.
Be aware there are certain big-ticket services all cars require as they age. Every 90k miles or so, most cars need to their timing belt and water pump replaced. This can be a costly pit stop, and skipping it is not wise. Cars over 100,000 miles often, but not always, require new exhausts, shocks, wheel bearing or axles — it’s a good sign if these repairs were repaired by the previous owner. If you happen to be shopping for a car with a manual transmission, the typical lifespan of a clutch is 100–150k, so the cost of a replacement should be factored into the purchase of a car that has traveled that range on its original equipment.
I’m going out to see a used car — how do I inspect it?
So, you found a promising lead and it’s time for an-person inspection. Ask the seller if they can avoid starting the car before your visit. Certain ailments are more noticeable on a cold start, so unscrupulous car dealers sometimes take the liberty of warming their goods up. When you get out to see the car, before you turn it on, conduct a walk-around. Do the panels fit tight?This is the kind of rust that can eat up a car — avoid it!
Is the paint color consistent all around? Is there any rust in the lower edges of the body. The tires should all match and show good depth. Make sure all the lights and signals work, then check that the engine is full of fluids: oil, coolant, power steering and transmission fluid. [note: definitely do NOT check coolant level on a hot engine!] While you’re under the hood, peep the sheet metal around the engine: does it look straight and original? Poke your head under the car and see if it appears to be leaving any puddles of oil or coolant from a fresh leak. If there’s water under the car and the AC was just running, don’t fret! That’s normal.
Assuming you made it this far, it’s time for a drive. Start the car up, listening for untoward noises like squealing belts or a rattling exhaust. Did the check engine light illuminate when the key was in “on” and go away after the engine was started? Test all the accessories: windows, AC, wipers, etc, and hit the open road. Leave the windows down to better hear any potential mechanical issues.
Once you’re on the open road, see how the car responds to changes in speed and RPMs. Does the engine sound smooth or does it stumble? Are gear shifts firm and quick? Are bumps absorbed with aplomb, or does the car feel like it’s too low or too bouncy? On a straight, flat, safe section of road, release the wheel and check that the car drives straight. Push the brakes: do they cause the car to pull to one side?
Once you’re satisfied your potential purchase drives the way it should, it’s time to make an offer and do some paperwork.
How much should I pay for this car?
Uncomfortable as it may be to haggle, negotiations are a fact of life in the used car game. Dealers and private sellers both set their asking price in anticipation of being knocked around a little bit. The typical wiggle room in a used car price is around 10 percent, but don’t let that stop you from bargaining your way to an even better price reduction.
Before you seal the deal, tell the seller that you’re ready to buy, but you’re concerned the asking price is just too high. Often, a seller will do some negotiating on your behalf, and throw out a slightly lower number. Whatever the response to your initial entreaty, don’t accept the quoted figure immediately. Instead, suggest a price twenty-five percent under the most recent offer. That’s an amount close enough to ask to demonstrate you’re serious, and it’s further than halfway under the typical negotiations (ten percent), stacking the deck slightly in your favor. There may be a little back and forth from here out, but stick to your guns. It’s very, very rare to meet a seller with no willingness to deal.
The voyage home
I prefer to bring my used car purchases home immediately after negotiations. I head to the bank and withdraw the full amount (this probably means a visit to a live teller, not the ATM) and fill out the paperwork with the seller on the spot. The seller needs to sign over the title (check that it is “clean,” i.e., not salvage or repair branded), and provide a signature on a bill of sale. The BOS is not a complicated document. In nearly any state, the DMV will accept a handwritten agreement that lists the car’s selling price, Vehicle Identification Number and the names and addresses of the buyer and seller. A couple oddball states like Pennsylvania require this documentation to be notarized—a quick visit to Google should clear up the rules in your state.
If you don’t plan to bring the car home the day you viewed it, leave a deposit (10 percent of the sale price, or $500, whichever is less) and write up an agreement to provide the remainder.
One final hurdle in the transaction process: physically getting the car home. Odds are that on the day of your purchase, you are not equipped with valid registration and license plates for the new car. The easiest solution: drive it home with the old license plates still on the car (they’re valid until the previous owner cancels the registration) and mail the plates back to the seller. If the previous owner balks at this plan, you could ask her to drive the car herself to your home, and then offer to ferry her back. If these options are both off the table, you’ll need to leave the car with the seller and head to the DMV to secure registration. After getting license plates at the DMV, you can return to the seller and drive off into the sunset 100 percent legit.
For most people, buying a used car is a rare occasion indeed, and it’s easy to feel intimidated by the process. Don’t sweat it. There are lots of great used cars out there, and a little bit of research and preparation will go a long way toward a successful purchase. You’re going to do great!
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It is very important to be sure of your decision at first, for selling your car. Selling used cars have become easier now with options available online with no hassle at all. Just that, you may have to spend sometime in describing your car, getting the paper work done and acquiring the best bidder.
Know the true worth of your car
Your car has a depreciating value. With time, it’s value diminishes. The more your car travels, the more is the depreciation with diminishing value. A less sparely used car will have more price value with better resale value. This will make selling your used car easier at the perfect rates.
Many online websites allow you to post your car’s photograph with details and your expected resale value. These websites have thousands of customers browsing through them that helps you sell your used car easily.
It is very important to provide your detailslike name and contact details, to avoid any sort of miscommunication. An email address also may work. You may also provide your mobile number so the buyer they can reach you anytime.
Good paper work
Many legal formalities are involved for selling a used car. The documents that are needed to be filled and provided to the buyer are- Form 28: This is the application to the RTO for an NOC only applicable if the buyer’s residence is in the area of jurisdiction of another RTO, Form 29: for transfer of ownership of the car, Form 29: for transfer of ownership of the car, NOC from finance company if applicable, copy of the delivery note, original registration certificate, RTO tax certificate of the onetime tax paid when you bought the car, insurance policy, copy of the invoice of the car, Owner’s manual of the car, Service history of the car and duplicate keys.
Schedule a test drive
A test drive must be scheduled with the buyer to give him assurance of the quality of the car and that the price that he will be paying is worthy. A test drive should be done in a public place and in the presence of the owner to avoid any sort of mischief.
Closing the deal with the highest bidder
Many buyers may approach you looking at your advertisement either online or newspaper. You may negotiate to get the best bid.
Tips For Buying A Best Car
With more than 1.2 million fatalities and up to 50 million injuries globally per year, driving is dangerous. It takes a tremendous toll on our society — more than $1.9 trillion in direct economic costs each year. Reducing and eventually eliminating most of the dangers of driving is actually a technology problem for which we have the answer. Humans should drive less and computers should drive more.
There are 1.2 billion cars on the road today. Even with the popularity of ride-sharing services like Uber and the potential Millennial trends away from car ownership, there will be two billion cars on the road by 2035. Today, none of them can drive themselves. And only about 70,000 of them (most Tesla Model S and X units) have autopilot features—the beginning of autonomous driving. The automotive industry offers us only one way to get new safety and convenience features—buy a new car.
The problem with this approach is that it is just too slow. The average life of car ownership is about 11 years and the average life of a car is about 17 years, so if we wait for everyone to buy a new car in order to get new important safety features and autonomous driving capabilities, it will take at least 40 years for those features to reach about 90% of existing cars. This is true even if every single new car came with all of these features—but that’s not how the auto industry works—they tend to offer advanced features only in higher-end packages on select models. If autonomous cars are offered for sale in 2020, and we assume these features are in many of the new cars available, by 2030 there will still be 1.6 billion cars on the road without any autonomous features. This is not ideal.
Thankfully, a team of more than 50 enormously talented engineers and designers from Apple thought there should be a different path towards the autonomous driving future. Together, they have designed and launched more than 25 different iPods and iPhones currently in use by a billion people. With this unparalleled consumer products expertise, they created a company dedicated to offering the world’s most elegant and beautifully functional products for your existing car, intending to pave a path to autonomous driving for everyone.
To start, one of the most useful safety features for cars is the backup camera. According to the NHTSA, in the U.S. alone, 210 fatalities and 15,000 injuries are caused each year by backwards-moving car accidents. But today, despite being introduced in 1956 and appearing in the first production car in 1991, only 1 in 4 cars has a backup camera, and most of them are terrible — poor quality optics, low-resolution displays, limited sight distance and field of view, no intelligence, and to add one to an existing car, someone has to rip open your car to install it.
Welcome to Pearl RearVision.Pearl RearVision
Pearl RearVision is self-installable in just a few minutes. It’s solar-charged and fully wireless. It has two of the most advanced stereo-optic cameras ever put in a car and can see, day or night, with nearly 180º field of view. It sees things we humans cannot see. The system is built with deep learning intelligence and will be able to auto-identify different types of objects behind and to the side of your car. It provides both audible and visual alerts as you near certain objects and is contextually aware of your surroundings, using GPS to know the difference between a driveway and a parking lot, for example. What about the screen? Pearl RearVision streams wirelessly to your phone. And the picture is gorgeous.
Most importantly, it get’s better over time through automatic software updates. As the system learns, every user benefits with smarter image sensing and better object identification. And the company will add more and more features to all units through these updates—truly a product that improves over time.
This is only the first product from Pearl. Over time, they will deliver more products for your car, built with the same outstanding quality and premium features found only in the most expensive luxury automobiles, plus many features not found in any automobiles. Pearl will pave the road to autonomous driving for the more than one billion cars on the road today. Because everyone should have life-saving technology in their car, not just the people who buy high-end new cars.
At Venrock, we are honored to partner with Bryson, Brian, Joseph and their incredibly talented consumer products team as they undertake one of the most important challenges we face as a society — making us safer on the roads.