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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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.
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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.
Some Essential Tips to Know Before Buying Used Cars for Sale
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.
A WARNING if you are selling your car on TradeMe
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