| How to Find a Good, Clean, Used Car and Pay |
5 Apr |
How to Find a Good, Clean, Used Car and Pay Less
How to buy a Car
Buying a car is usually our second biggest investment after our home purchase and most of us will do it more than once in our life.
There is something emotional about cars, it represents our taste and style, our economic status and our character. Some women even claim that a car is a mans extension of his reproductive organ. One the other hand (the good hand 
there are women out there that might express their exhibitionism and extravagance by choosing to drive a red flashy car for the whole world to notice them. Both sexes would agree they sometimes feel they fall in love with a certain car model.
There are people who get very existed from a small scratch on the cars lower side, as if it were their own skin. The beauty of the car, its aerodynamics shape, the gadgets inside, the seats the feel of it all play a major part in our decision making.
In our modern life its almost impossible to function without one and its expensive to acquire, to finance and to maintain.
Buying a Used Car
The question I would like to bring up here is whether its wise to buy a used car or to make an additional effort and buy a new car.
If you look at it purely from an economical stand point then its quiet obvious that due to the fact that you miss out on the heaviest depreciation hit the average car absorbs in the first two and three years its wise to buy a used car. A car of two or even three years on the road is basically a new car and in some cases didnt even finished the manufacturers original bumper to bumper warranty. (Not included labor 
On the average you might save on a used car anywhere between
$3,000 to $8,000. In case you know how to do it via a car dealer that will buy the car for you at a car auction limited to car dealers only (for a couple of hundreds of Dollars commission(you might even get a real bargain. Search: carbuyingtips.com/auto-auctions
Another good reason to buy a used car is the fact you can put your hands on a bigger or better or in other words more car for the same budget as the new smaller car would have cost you.
More and more manufacturers offer “certified pre-owned” programs. Cars sold as certified pre-owned (CPO) bridge the gap between new and used. They are subject to a rigorous inspection and repair process, and usually are covered by a warranty from the manufacturer. CPO cars will usually cost a bit more, but the added warranty and peace of mind makes them a good value.
If you want to get extended warranty look at: carbuyingtips.com/warranty
Where do you get the market value of the cars, thats pretty easy, all you have to do is follow this link: Blue Book – Used Car Values at: cars.com/go/index
When purchasing a used car you should protect yourself from buying a flood damaged vehicle by doing a little research and by having the vehicle thoroughly checked by a mechanic. Rain, thunderstorms, swelling rivers and seasonal hurricanes hitting the coastlines all contribute to flooding disasters that can mean serious water damage to vehicles in those areas.
Water damage from 1999’s Hurricane Floyd ruined approximately 75,000 vehicles and more than half of those ended up back on the road. Tropical Storm Allison damaged another 95,000 in 2001 and Hurricane Ivan left more than 100,000 vehicles water-logged. The numbers for Hurricane Katrina are expected to skyrocket above half-a-million and safety experts warn that many of these flood damaged vehicles also will be dried out and offered for sale. Hurricanes and tropical storms, however, are only part of the problem.
Flooding can occur throughout the year and in any part of the country; however, auto industry analysts caution consumers that the risk of buying a flood damaged car is not limited to these areas. Flood damaged cars are often repaired cosmetically, and moved to adjacent states or even across the country where they are sold to unsuspecting consumers. These floodwaters can cause damage to vehicle computer and electrical systems, as well as potentially causing anti-lock braking and airbag systems to malfunction . World Trade Center Damaged Cars, thousands of cars were damaged in New York City on 9/11/2001. It’s a prime example of disasters having long term effects other than the initial death and destruction. These cars will no doubt be salvaged, rebuilt, sold at car auctions and have their titles rebuilt, most likely out of state.
An important help is the nationwide history data base of the cars in terms of damages, salvaged, lemon, flooded, fraud, accidents, rental etc you can look it up at: carfax.com
In addition its recommended you have a mechanic check it out A certified, trusted mechanic will test the electrical and safety systems, two of the major components that water can affect. They can also look for signs of water damage that may not be visible to the untrained eye.
Car Donation
It is estimated that every year, more than a million Americans donated their cars. Why do they donate their car? Well, few reasons: A. The proceeds go to charity organizations and it provides for the donor a good feeling of contributing to society. B. its tax deductible (Less than it used to). C. The car is being towed or driven away by the company who arranged the deal.
Unfortunately, whether through ignorance, confusion or greed, a substantial percentage of car donors have been deducting the full “suggested retail price” – what a dealer would get for reselling your trade-in instead of the fair market value. That’s far more than the IRS had intended, costing the government millions in lost tax revenue.
The charities weren’t making much, either. Most of the donated cars were sold by the charities for a pittance at auction, and middlemen who administered the programs on behalf of the charities took a large percentage of those meager profits.
So IRS changed the rules last year. From now on, if your car is valued more than $500, the deduction is limited to the charity’s actual selling price. The donor must attach a statement of sale to the tax return in order to receive the deduction. (The charity is obligated to provide the statement within 30 days.) You are not entitled to know the deduction amount before donating your car. Although the IRS has closed the loophole in the law, there is still a way to deduct full market value of your vehicle: If the charity uses the car itself to further its specific purpose.
Tags: Auto Auctions, Bargain Search, Both Sexes, Bumper To Bumper, Bumper To Bumper Warranty, Buying A Used Car, Car Auction, Car Dealer, Car Model, Depreciation, Economic Status, Exhibitionism, Extravagance, Flashy Car, Good Reason, How To Buy A Car, New Car, Own Skin, Reproductive Organ, ScratchRelated posts
read comments (0)| How To Buy Your Dream Car And Avoid Car Dealers’ |
2 Apr |
How To Buy Your Dream Car And Avoid Car Dealers’ Dirty Tricks
How to buy a new Car
Buying a car is usually our second biggest investment after our home purchase and most of us will do it more than once in our life.
There is something emotional about cars, it represents our taste and style, our economic status and our character. Some women even claim that a car is a mans extension of his reproductive organ. One the other hand (the good hand) there are women out there that might express their exhibitionism and extravagance by choosing to drive a red flashy car for the whole world to notice them. Both sexes would agree they sometimes feel they fall in love with a certain car model.
There are people who get very existed from a small scratch on the cars lower side, as if it were their own skin. The beauty of the car, its aerodynamics shape, the gadgets inside, the seats the feel of it all play a major part in our decision making.
In our modern life its almost impossible to function without one and its expensive to acquire, to finance and to maintain.
Buying a new car is a lot of fun, the new car has its unique smell no doubt about it, the very fact you can afford to own a brand new car is a great feeling.
When is the best time to buy a new car?
There are two “best times” to buy a car. The end of December is a good time for car buyers to buy a new car. Everyone is out buying Christmas gifts, leaving new car dealer lots void of customers, motivating dealers to cut costs, and break year end sales records. Another good time to buy a car is July to October as new car dealers sell off cars at low prices to clear space for new car models. Secret factory to dealer incentives can be $1000-$6000 in addition to new car consumer rebates!
How and where to search for prices:
Invoice price what the dealer pays the manufacturer has become the real negotiating point. Allowing for the dealer’s need to make a profit, the price you pay should be somewhere between sticker and invoice.
Virtually all car buying sites on the Internet show invoice and in most cases their buying tools automatically add option/package invoice amounts as you work your way through the process.
Any car buyer, with very little effort, can get an accurate summation of a car’s value, which immediately puts him or her in a stronger negotiating position.
Happily for the consumer, the Internet now allows a prospective buyer to uncover market conditions at any moment in various parts of the country. Search for Edmunds.com on the web.
for example, reveals the True Market Value: CarsDirect.com, which sells cars online, has its own version called Guaranteed CarsDirect price Intellichoice.com sorts out the Best Deals of the Month.
The negotiation phase and the dirty tricks:
After you made your research via the Internet, its important you make some phone calls to car dealers and ask for some written offers to be sent to you via the fax or email for the car of your dreams. That way, you can compare prices between several dealers without being pressured by a salesperson.
You would be much better off selling your old car yourself rather than to trade it in through the dealer because the dealer will have to earn some money on it as well.
Remember, everything is a negotiable, car too. Buying a new car is tricky from the moment you step into the car dealership arena, you might be manipulated by scam artists, well trained sales persons that will use every trick in their fat book of tricks to extort every last Dollar out of your bank account.
There is one well known trick they teach in car dealers sales courses, its called throwing a lowball, in this tactic a customer is offered a very good price on a car, Perhaps as much as $500 below competitors prices. The good deal, however, is not genuine, its only purpose is to cause a prospect to decide to buy at this dealership and not from the other dealers. Once the decision is made a raft of purchase forms are filled out, extensive financial terms are arranged. The dealer knows, customers develop a range of new reasons to support the choice they have now made.
Then something happens. All of a sudden an error in the calculations is discovered, It might be the salesman forgot to add in the cost of the air conditioner and if the customer insists on having it, then $500 must be added to the price…
The cover up operation is played sophistically, some times they let the bank handling the financing find the mistake, other times the boss is not approving the deal because wed be losing money. They make it look as if its not that big mistake as its a relatively small percentage of the price of the car and as they stress out it only brings it to be equal to competitors.
The impressive thing about the lowball tactic is its ability to make a person feel pleased with a poor choice. If anyone tries to change the originally-quoted terms or talk you into buying a different vehicle, just say “no” and go somewhere else.
If you are interested to learn about many others car dealers scams and how to avoid them go to: carbuyingtips.com/scams
Until all the papers have been signed there are still ways in which a shrewd dealer may add to his profit by talking you into extras you don’t want and probably don’t need. These can include added and overpriced insurance, extended warranties, rust proofing (absolutely unnecessary), paint or fabric protection, anti-theft plans, and more. Smile and firmly turn them all down.
Finally, before you drive away, do a careful inspection of the car, looking for scratches or dents; anything that mars the perfect finish. If you’re not happy, get a written agreement (known as a Due Bill). It means you have the right to later return the vehicle in order that flaws can be corrected.
Tags: Best Time To Buy A New Car, Brand New Car, Buying A New Car, Car Consumer, Car Model, Car Models, Christmas Gifts, Consumer Rebates, Dream Car, Extravagance, Factory To Dealer Incentives, Flashy Car, How To Buy A New Car, Invoice Price, New Car Dealer, New Car Dealers, Own Skin, Reproductive Organ, Time To Buy A Car, Year End SalesRelated posts
