Tips for Negotiating a Used Car Purchase
Buying and negotiating a car deal is one of those things in life that most people don’t look forward to — because it’s often stressful and, at best, unpleasant.
Car buyers know that they should always negotiate and haggle for the best price but nobody (except car dealers) do it every day and it’s not a skill that we all possess or get to practice very often.
Besides, the rules change from time to time.
First, let’s understand what we’re up against when buying a used car, either from a dealer or from an individual seller.
Continue reading How to Negotiate a Car Deal – Explained
This is a question that frequently comes up for those who are thinking of buying a new car.
Since this web site is about used cars, let’s get one answer out of the way immediately;
Leasing only applies to brand new cars, not used cars. There are some exceptions in that there are independent dealers in some large cities who lease used luxury cars.
But, hold on, that’s not the final answer.
Used car leasing
There is one way to lease a used car that most people are not aware of. It’s called by various names: lease takeover, lease assumption, lease trading, lease swapping, and taking over a lease.
Here’s how it works.
Continue reading Should I lease or buy a car?
What is the best and fastest way to sell a car?
If you are selling a used car you should take the necessary steps that will allow you sell at the highest possible price while avoiding issues with buyers and paperwork.
We take you through the process so that your efforts will be successful and you’ll avoid common problems.
Prepare your car for sale
Used car dealers know that if they clean up their vehicles inside and out, they can sell for higher prices. You can use the same technique when selling your own car.
You may find that you can easily recover the cost of replacing worn tires, for example, and make your car sell faster. You should touch up paint scratches. Repair windshield dings. Pull out small dents. Balance the tires. Get a tune-up and oil change.
Continue reading How to Sell a Used Car – Explained
How to choose the best used car for you and your budget
What car is best?
What car is most reliable?
Which car should I buy?
We see these questions frequently, usually from first-time buyers who have no experience in buying cars. They want to know which cars they should be considering, and which they should be avoiding, and why.
Of course, as might be expected, there is no single answer because different buyers have different needs and tastes, and there are many different cars that might work for them. However, we’ll try to provide some important suggestions that will make the decision much easier and less stressful.
Continue reading What is a good used car?
Can I Buy a New Car If I Still Owe Money On My Old Car?
This is a very common situation in which car buyers often find themselves.
The situation is that you want/need a new car but still have an outstanding loan on the car you intend to trade. And you know (or suspect) that the old car is not worth the amount you still owe.
What to do?
In the case where you find your old car is actually worth more than your current loan balance, there’s no problem. You trade the car, the dealer pays off your old loan, and the remainder of the trade value is applied as a down payment on your new car.
However, the more common situation is that you still owe more than the old car is worth. You’re “upside down.” The difference in the two values is called negative equity. Your options depend on the amount of the negative equity. The higher the negative equity, the fewer your options.
Continue reading How to Trade a Car with Negative Equity – Explained
What is an OBD code reader and how is it used?
An OBD (On-Board Diagnostic) scanner-reader is a good device to have for your own car or when shopping for a used vehicle.
When the “Check Engine” light comes on in a vehicle, the vehicle’s computer actually stores and saves the data about the problem that caused the light. The data is stored as a unique code that identifies the problem.
A Check Engine light indicates a problem that, if ignored, can cause one of more of the following issues:
- Serious engine damage
- Poor gas mileage
- Vehicle performance problems
- Expensive repair costs
- Emissions inspection failure
Continue reading Best OBD Code Reader-Scanners
Used Car Warranty. Do I Need It?
Most people have auto insurance — from an auto insurance company — to protect them from the cost of accident damage, theft, and liability resulting from at-fault accidents. However the kind of insurance that most people have doesn’t cover mechanical failures, wear-and-tear, electrical failures, or any damages not caused by an accident.
These kinds of problems are typically covered by new-car factory warranties — for a limited time or for a limited number of miles. Most new-car warranties expire in 36 or 48 months, and 36,000 or 48,000 miles. Powertrain warranties which cover certain engine and transmission failures are usually longer.
Why do car manufacturer’s not offer warranties longer than 3 or 4 years? Because that’s when problems are most likely to begin.
People who buy used cars with no remaining factory warranty, or a soon-to-expire factory warranty, should consider a kind of car repair insurance to protect them from the high costs of unexpected repairs. Don’t make the mistake of thinking that your conventional car insurance pays for non-accident related repairs.
Continue reading Car Repair Insurance – Do I Need It?
Is it possible to buy a car for less than $1000?
Buying a good used car for $200, or $500, or even $1000 is not impossible but it requires extra time looking, checking, and driving to find the jewels among the junkers.
Most cars in this price range will be older and have high mileage, and lots of wear and potential problems.
Age and high mileage, however, is not necessarily a reason not to buy. Many cars with high mileage are in great condition and can last many more miles before finally falling apart.
Many problems with older used cars can be fixed relatively easily and inexpensively. Problems with engines and transmissions are the most expensive to repair. If the only problems are things like hoses, belts, wires, brakes, or electrical equipment, these can be fixed or replaced without great expense.
Continue reading Where can I buy a good cheap car for $200, or $500, or $1000?