seems used cars are more desirable now and value on certain models have gone up considerable. does obama deserve credit for helping the used car market?|||YES. The unemployed and under-employed cannot afford new cars. Obama has spent all we had and BORROWING AND SPENDING OVER 120 BILLION DOLLARS A MONTH MORE, but he still doesn't understand that the economy doesn't work that way. You can't borrow your way out of debt. It just gets worse! Guess they don't teach much economics in those fancy Ivy League schools?|||He and Congress do because of all the perfectly good used cars taken off the market. When you reduce supply, prices go up. In that case, those who could afford new cars, got a great deal, at taxpayer expense. Meanwhile, the poor who depend on used cars, suffered because of it|||obama increased the value of used cars by crushing all the good ones at the taxpayers expense
so i guess so, but i prefered older cars (because new cars all look the same to me anymore)|||no
Saturday, December 24, 2011
How will I get the best price from a car dealer?
If I am buying a car, let's say a used car that is only two or three years old and has low mileage, what payment strategy will encourage the dealer to give me the lowest price?
A: Trade in a high-mileage low value used car, pay the balance in cash.
B: Trade in a high-mileage low value used car, finance the balance through my bank
C: Trade in a high-mileage low value used car, finance the balance through the dealer
D: Other|||of those, a mix of A and D, sell the car privately, and pay in cash... cash speaks, especially to companies that dont like to pay taxes...|||You can have C: Trade in a high-mileage low value used car, finance the balance through the dealer.. since there there are many options to take so that it will not be hard for you.|||As for me just trade in a high-mileage low value used car, finance the balance through the dealer. Cause I did it once.|||D. Sell your high-mileage low value used car on your own, then however you want.
Dealers have to make money on the front end.|||Most likely B or C. Rarely do people pay in cash for that kind of stuff.
A: Trade in a high-mileage low value used car, pay the balance in cash.
B: Trade in a high-mileage low value used car, finance the balance through my bank
C: Trade in a high-mileage low value used car, finance the balance through the dealer
D: Other|||of those, a mix of A and D, sell the car privately, and pay in cash... cash speaks, especially to companies that dont like to pay taxes...|||You can have C: Trade in a high-mileage low value used car, finance the balance through the dealer.. since there there are many options to take so that it will not be hard for you.|||As for me just trade in a high-mileage low value used car, finance the balance through the dealer. Cause I did it once.|||D. Sell your high-mileage low value used car on your own, then however you want.
Dealers have to make money on the front end.|||Most likely B or C. Rarely do people pay in cash for that kind of stuff.
First time buyer needs advice on buying used car. What are good brands to buy even when they are 15 yrs old?
And what do you suggest is a good VALUE when buying one of these cars?
What's the maximum mileage that a used car can have and still run well in your opinion?
And what questions should I ask the owner? What should I look for?
Thank you for your help.|||The one that has been well maintained. Ask for maintenance records and have a mechanic check it out before you buy.|||You should probably go with a Toyota Camry because the Honda's don't last (as) long and the Corolla should be the only other option, but during 1994-1997 the Corolla had trunk leaks during rainy days and you could see water spot inside the back tail lights that sometimes caused shortages. So your best shot will have to be a Camry.|||Stick to Japanese brands (Toyota, Honda). For mileage stick to under 150,000 miles. You should definitely take the car to a trusted mechanic before buying the car.|||聽
Buy a Used Car: Save on Depreciation Buy a used car and you will spend less; but how much will repairs cost you in the months ahead? Buy a new car and you will have peace of mind, but your monthly budget will take quite a hit. When it comes time to a buy a car, the big question is, "used or new?"
Buyers choose used cars far more often then new. Edmunds.com estimates that in 2006, Americans bought about 44 million used cars as compared to about 17 million new cars. The estimated average used car price: $13,900. The estimated average new car price is more than twice as much: $27,800.
The main reason for the sharp drop between new and used cars is depreciation. Savvy shoppers who take advantage of this can buy a "newer" used car for much less by waiting a year or two.
When you finance a car, remember that you will be paying for more than the vehicle. You will also be paying for the cost of credit, which includes interest and other loan fees. Keep in mind that annual percentage rates are higher and loan periods shorter when you buy a used car than when you buy new.
Car Care Tips
When you buy a used car, you would like it to last longer than your car loan. Here are some tips from AAA to help you keep your car on the road for years to come:
- Good maintenance. Most drivers change oil more often than they need to but don't rotate their tires as frequently as they should. Proper rotation can add as much as 10,000 miles to the life of a set of tires.
- Run your engine for a few minutes before powering up the heater, air conditioner, wipers and other accessories. Accelerating with a cold engine can cause premature engine failure.
- If your vehicle has fuel injection, keep the tank at least one-quarter full. Cornering with a nearly empty tank disrupts the flow to the fuel pump.
- Look for cracks or looseness in engine belts. Broken belts are a major reason for roadside breakdowns.
You can begin your search for used car financing by completing the request form at Approved Autos. While there, you can read more about Buying Used Cars.
Other Blog Coments
ave Time Shopping for a New or Used Car By Browsing Online First
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AND, try to buy your car from a salt-free state (salt used on roads is extremel...聽聽聽Read more...
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聽聽 By Mike Hamel7
What's the maximum mileage that a used car can have and still run well in your opinion?
And what questions should I ask the owner? What should I look for?
Thank you for your help.|||The one that has been well maintained. Ask for maintenance records and have a mechanic check it out before you buy.|||You should probably go with a Toyota Camry because the Honda's don't last (as) long and the Corolla should be the only other option, but during 1994-1997 the Corolla had trunk leaks during rainy days and you could see water spot inside the back tail lights that sometimes caused shortages. So your best shot will have to be a Camry.|||Stick to Japanese brands (Toyota, Honda). For mileage stick to under 150,000 miles. You should definitely take the car to a trusted mechanic before buying the car.|||聽
Buy a Used Car: Save on Depreciation Buy a used car and you will spend less; but how much will repairs cost you in the months ahead? Buy a new car and you will have peace of mind, but your monthly budget will take quite a hit. When it comes time to a buy a car, the big question is, "used or new?"
Buyers choose used cars far more often then new. Edmunds.com estimates that in 2006, Americans bought about 44 million used cars as compared to about 17 million new cars. The estimated average used car price: $13,900. The estimated average new car price is more than twice as much: $27,800.
The main reason for the sharp drop between new and used cars is depreciation. Savvy shoppers who take advantage of this can buy a "newer" used car for much less by waiting a year or two.
When you finance a car, remember that you will be paying for more than the vehicle. You will also be paying for the cost of credit, which includes interest and other loan fees. Keep in mind that annual percentage rates are higher and loan periods shorter when you buy a used car than when you buy new.
Car Care Tips
When you buy a used car, you would like it to last longer than your car loan. Here are some tips from AAA to help you keep your car on the road for years to come:
- Good maintenance. Most drivers change oil more often than they need to but don't rotate their tires as frequently as they should. Proper rotation can add as much as 10,000 miles to the life of a set of tires.
- Run your engine for a few minutes before powering up the heater, air conditioner, wipers and other accessories. Accelerating with a cold engine can cause premature engine failure.
- If your vehicle has fuel injection, keep the tank at least one-quarter full. Cornering with a nearly empty tank disrupts the flow to the fuel pump.
- Look for cracks or looseness in engine belts. Broken belts are a major reason for roadside breakdowns.
You can begin your search for used car financing by completing the request form at Approved Autos. While there, you can read more about Buying Used Cars.
Other Blog Coments
ave Time Shopping for a New or Used Car By Browsing Online First
What are some essential questions to ask when inspecting a used car?
AND, try to buy your car from a salt-free state (salt used on roads is extremel...聽聽聽Read more...
Questions about buying this used car... - NFSCars Forums
Questions about buying this used car... Real Cars %26amp; Motorsports.聽聽聽Read more...
How information technology can sell used cars | Small World Foods
Buying and selling used cars is a huge business. In a time when finances are tight for a lot...聽聽聽Read more...
To buy or not to buy in today's inflated used car market ...
To buy or not to buy in today's inflated used car market. Velocity | DalePo...聽聽聽Read more...
A Certified Used Car is Key to Better Value | Cars for Girls
If you're in the market for a used car, there's good news. Used cars do...聽聽聽Read more...
聽聽 By Mike Hamel7
Has anyone experienced a used car dealer wanting their car back because they valued the trade-in too low?
They thought they were making profit on the deal then later found out they over valued your trade and are now either not making as much or maybe even loosing money on the deal. If all the paperwork was signed and you paid cash, then darn the bad luck. There the professionals not you if they made a mistake too bad. Not your fault. I doubt they would have been willing to give you any money back if they found out that the trade in was worth more than they thought. If they try this again ask them if they would like a judge to decide whats right. Sounds like you got a good deal.|||If the dealer is saying they under priced your trade-in and are saying they want to give you some money back I wouldn't believe it and would suspect some plan to get you back and upsell you on some add-ons, traders, after all, always under price trade-ins! If they are saying they gave you too much for your trade-in and want you to give them more money well that's their mistake and you can either ignore them or complain to trading standards or the US equivalent.|||1 mad jack is sort of right..but read your contract Ill bet you are on the hook..contract usually sez your deal is based on getting the finance at a certain rate,,,if it doesn't come through they have the right to get finance at another rate,,
dont assUme because you drove off with the car you now own it,,,deal with it before you have a cop pull you over for auto theft..probably will not happen but the loan co and dealer own the car until its paid off..|||Never. Sounds like a ploy to get you back into the dealership to me. I would definitely be wary of them, as even ethical dealerships don't do this sort of thing.
They probably want you to sign some new paperwork for a higher interest rate because they were unable to finance you for whatever rate you signed for.|||Isn't that the point of business? Buying something for less than its value so you can resale and make a profit? I would make sure that all the figures, interest rates, etc. will remain the same (or better) before I even put my name on anything. That sounds really fishy. I'd ask a lot of questions.
If I got someone's trade for next to nothing, why would I call them back and say "hey, I meant to give you more for your trade so I'd lose more money. Let's retry this."|||They valued your trade in too low? Doesn't that mean that they made more money on you than they thought they would? This sounds very fishy to me. I would just tell them that you signed a contract and you don't plan on giving the car back. There is really nothing they can do about it.|||If the new car is signed over to you and in your name, don't do it. Bout you and the dealer signed a contract, the sales agreement. Let them take you to court. You will win.|||Nope, when you sign those papers its all over, even if the trade it car breaks down, they cant do anything about it|||No, it has never happened to me. You should just say no, once its yours its yours.|||No but I know of a person who have wanted their house back because they got offered more for another house. :)|||Yeah,
I would not worry about it.
dont assUme because you drove off with the car you now own it,,,deal with it before you have a cop pull you over for auto theft..probably will not happen but the loan co and dealer own the car until its paid off..|||Never. Sounds like a ploy to get you back into the dealership to me. I would definitely be wary of them, as even ethical dealerships don't do this sort of thing.
They probably want you to sign some new paperwork for a higher interest rate because they were unable to finance you for whatever rate you signed for.|||Isn't that the point of business? Buying something for less than its value so you can resale and make a profit? I would make sure that all the figures, interest rates, etc. will remain the same (or better) before I even put my name on anything. That sounds really fishy. I'd ask a lot of questions.
If I got someone's trade for next to nothing, why would I call them back and say "hey, I meant to give you more for your trade so I'd lose more money. Let's retry this."|||They valued your trade in too low? Doesn't that mean that they made more money on you than they thought they would? This sounds very fishy to me. I would just tell them that you signed a contract and you don't plan on giving the car back. There is really nothing they can do about it.|||If the new car is signed over to you and in your name, don't do it. Bout you and the dealer signed a contract, the sales agreement. Let them take you to court. You will win.|||Nope, when you sign those papers its all over, even if the trade it car breaks down, they cant do anything about it|||No, it has never happened to me. You should just say no, once its yours its yours.|||No but I know of a person who have wanted their house back because they got offered more for another house. :)|||Yeah,
I would not worry about it.
What is the best value second hand car for under $10,000?
I want to upgrade my car and my budget is $10,000 tops. I'm looking for a 4 cyl 1.6-1.8 motor sedan, preferably done less than 80,000km. So far only Daewoos, Hyundais and Lancers fit this criteria. I have never driven any of these - does anyone own one who can give an opinion? Are they good value used cars? Any other suggestions? PS I live in Australia.|||once you decide on the car check out
http://www.siftin.com/#vehicles
This site provides used car listings from all major online sites but also searches local dealers inventory for used cars and your local newspaper ads. Hence the listing is very comprehensive. Its a little slow as it pulls data from many sites right then to get you uptodate listing, but worth it as you don't have to look at many sites.|||I was on board until you said you were in Australia.
Here in the US, I rely heavily on Consumer Reports, They do an annual report on the most reliable used cars, rating them in various categories (engine, transmission, hardware, etc.) with an overall rating. Then they list the best choices in various price categories. Although those ratings may not translate 100%, they should give you an idea of which vehicles should be in your sights.
http://www.siftin.com/#vehicles
This site provides used car listings from all major online sites but also searches local dealers inventory for used cars and your local newspaper ads. Hence the listing is very comprehensive. Its a little slow as it pulls data from many sites right then to get you uptodate listing, but worth it as you don't have to look at many sites.|||I was on board until you said you were in Australia.
Here in the US, I rely heavily on Consumer Reports, They do an annual report on the most reliable used cars, rating them in various categories (engine, transmission, hardware, etc.) with an overall rating. Then they list the best choices in various price categories. Although those ratings may not translate 100%, they should give you an idea of which vehicles should be in your sights.
What's the best value extended warranty for a used car?
I want to get a extended warranty plan from a reliable company to cover the basic components - engine, transmission etc. Any suggestions?|||There is no good extended warranty.... the ones who sell make good money doing so and any repairs needed to the car well usually cost less the the extended warranty will cost you.|||There are approximately zero reliable extended warranties available for used car. None of them are worth the money you pay for them. Never buy an extended warranty. All an extended warranty is, is an insurance policy for future repairs. In the best case scenario you'll never use the policy coverage and it's a total waste of cash. In the worst case scenario they'll refuse to cover the needed repair (which happens in the majority of the cases) claiming neglect or abuse in which it is again, a total waste of cash. Or the company disappears and goes out of business and you are left with a worthless piece of paper, again a total waste of cash. Or your mechanic of choice decides he won't honor the warranty because the warranty service company never pays on their claims even after they say they will and he's tired of getting ripped off. Again, a total waste of cash.
The ONLY exception to this rule is to get a certified pre owned car from the new car dealer. This coverage is almost identical to a new car warranty that is backed by the manufacturer and the dealer takes care of everything, just like it was a new car. Buying a certified pre owned car adds about $1500 - $1900 to the price of the car.|||Sorry to AGREE with the previous answers.
Aftermarket warranties are filled with exclusions, limitations, and deductibles. They seldom cover enough to make the warranty a wise purchase.
Take the $ you would have spent on the warranty, and put it in the bank. Let it earn interest for you and grow rather than become a liability. When the car needs repair, you will have the $ to fix it. If it never needs repair, you wont have wasted the money.|||I recommend none. Keep the oil cahnged. Save the warranty money for the repairs. Your car is designed to last 225,000 or more miles. Auto makers do every thing in thier power to make sure the car will last for ever. If the car is over three years old any mistake was made in manufacturing it would have showed up by now.
the warranty companies make money because they know the vast majority of people will never use it. It is easy money for them. Further more they will be very obtuse when describing what is covered so getting them to pay a bill will be hard.
Bank the money. Don't loose any sleep cause you don't have a warranty. You don't need one.|||Don't waste your money.
Have the car checked out before you buy it. maintain it.
If you want to stick the cost of the warranty into a savings account just for car repairs then feel free.
Most extended warranties do not pay out any claims.
There are a million reasons for them to legally refuse your claim and they know it.
The ONLY exception to this rule is to get a certified pre owned car from the new car dealer. This coverage is almost identical to a new car warranty that is backed by the manufacturer and the dealer takes care of everything, just like it was a new car. Buying a certified pre owned car adds about $1500 - $1900 to the price of the car.|||Sorry to AGREE with the previous answers.
Aftermarket warranties are filled with exclusions, limitations, and deductibles. They seldom cover enough to make the warranty a wise purchase.
Take the $ you would have spent on the warranty, and put it in the bank. Let it earn interest for you and grow rather than become a liability. When the car needs repair, you will have the $ to fix it. If it never needs repair, you wont have wasted the money.|||I recommend none. Keep the oil cahnged. Save the warranty money for the repairs. Your car is designed to last 225,000 or more miles. Auto makers do every thing in thier power to make sure the car will last for ever. If the car is over three years old any mistake was made in manufacturing it would have showed up by now.
the warranty companies make money because they know the vast majority of people will never use it. It is easy money for them. Further more they will be very obtuse when describing what is covered so getting them to pay a bill will be hard.
Bank the money. Don't loose any sleep cause you don't have a warranty. You don't need one.|||Don't waste your money.
Have the car checked out before you buy it. maintain it.
If you want to stick the cost of the warranty into a savings account just for car repairs then feel free.
Most extended warranties do not pay out any claims.
There are a million reasons for them to legally refuse your claim and they know it.
How can I negotiate a lower price on a used car being sold by a dealer, (not a private seller)?
I want to buy a used compact car and spend between $7,500 - $9,500. I've seen several cars advertised online by dealers and private sellers that come close to meeting my criteria, but I would prefer to buy from a reputable dealer (like Carmax or similar) that does a 100+ point mechanical/safety inspection. I know that dealers price cars above the Blue Book value to make a profit. So how can I negotiate the price down closer to my preferred minimum price of $7,500? Also, can anyone recommend online references/resources that provide advice on how to negotiate effectively with auto dealers, for either used or new cars? (I live in the Washington, DC/Baltimore, MD metro areas if that's relevant.)|||The only reasonable response I have seen to your question is to check www.kbb.com or www.edmonds.com. Everything else is hogwash. These two webs sites provide you with a reasonable knowledge of what the car is worth and will provide you with trade in value, as well as, retail value. The dealers will have close to trade in value in the car plus their reconditioning costs. Get this info so you are not offering something that is completely unreasonable, and offer somewhere between trade in and retail. Make sure you are looking at cars that are within your price range of course.|||Go to kbb.com and get the market value for the car.
Wait till the end of the month or near closing time, or both.
Find a similar car at another lot to use as leverage.
That will be your best odds.|||tell them joey's crap cars down the street but you here they (the dealership you want to buy from) is more reputable so if we can't negociate then they will|||Okay here we go .... if you want a cheap car then go buy UN-inspected and cheap --- if you want to have a descent ride then you gotta pay the dealers price and that is the way it works........ so you tell me you work for low money___ how can you expect the dealership to sell you a good car for peanuts and still inspect and clean the car%26gt;%26gt;%26gt;%26gt; and keep the dealership afloat|||Negotiating tips: http://www.usedcartips.org/index.html
But actually, $7k will nearly buy a new Kia, with a 10yr/100k warranty, according to ads here.
I used to work for a company that inspected Used Cars for the buyer, at their expense. We once worked with a local TV station, investigating classified ads for cars. The disappointing result was that 90% of the ads were run by resellers. Many posing as if they had owned the car for years. So first off be a serious shopper, don't get excited about appearances. I told people that when they called, or if you email, about an advertised vehicle, ask if the car is titled in the sellers state, in the sellers name %26amp; will they show you their ID %26amp; the title? If you get ANY answer but yes say T-Y %26amp; hang up, don't believe the BS stories about selling for a friend etc. Now as to car choice, watch for over-looked cars. For example, Mitsubishi, Suzuki %26amp; Subaru build solid dependable cars for a reasonable price, they are cheap used, because everyone thinks of the big players. In fact domestics can be a real bargain, if the mileage isn鈥檛 over 100k.
Beyond that, you can always bid low, if that actually let you walk, rare, come back next day to bid slightly higher or move on. Don't get excited about those "inspections" I worked at a dealership that hung those on every used car, but ran none through the Service Dept.; Sales dept. refused to pay for it.|||Remember this: Nobody is forcing you to buy that car. There are many other cars just as good that you can buy. You tell the salesman "This is how much I'm willing to pay". He/she will either say yes or no. If they say yes, then you've got a deal. If they say no, you get out of your chair and head for the door.
More advice, go to the dealer the last day or two of any month, the salespeople have quotas and many will do whatever it takes to get the sale. Hope this helps.|||See Kelly Blue Book or Edmonds.com|||Just stick your your personal commitment to stay at or below 9500. Make the sales person spend a lot of time with you and show him you are serious. They will want to sell to you because you are serious and smart. There are a lot of dopes who will waste money. Don't be one of them.
Best of luck to you and yours.|||Look the car up on KBB.com to find out its value. Once you have done that ask to see the dealers invoice so you can see what the dealer paid for the vehicle. They may give you a hard time about showing you the dealers invoice but trust me, they will show it to you! By looking at the dealers invoice you can tell whether or not they are trying to rape you with the price or if they are trying to make an honest profit. You can ue this invoice to talk the price down. If they aren't giving you the price you want threaten to leave and if that doesn't work...get up and walk away. Most of the time if you threaten to leave or start to walk away suddenly they can work miracles. Always make sure you are willing to get up and walk away from a deal and don't do anthing that makes you feel uncomfortable. Good luck!|||you get what you pay for.|||If you want to pay $7500 and its in the ballpark, tell the dealer "this is what I will pay" then shut up. The dealer will hem and haw, talk to his manager and all kinds of shenanigans. Walk out if he won't say yes or no. Tell him to call you if he wants to sell the car at that price. If your offer is reasonable, he'll sell.
Wait till the end of the month or near closing time, or both.
Find a similar car at another lot to use as leverage.
That will be your best odds.|||tell them joey's crap cars down the street but you here they (the dealership you want to buy from) is more reputable so if we can't negociate then they will|||Okay here we go .... if you want a cheap car then go buy UN-inspected and cheap --- if you want to have a descent ride then you gotta pay the dealers price and that is the way it works........ so you tell me you work for low money___ how can you expect the dealership to sell you a good car for peanuts and still inspect and clean the car%26gt;%26gt;%26gt;%26gt; and keep the dealership afloat|||Negotiating tips: http://www.usedcartips.org/index.html
But actually, $7k will nearly buy a new Kia, with a 10yr/100k warranty, according to ads here.
I used to work for a company that inspected Used Cars for the buyer, at their expense. We once worked with a local TV station, investigating classified ads for cars. The disappointing result was that 90% of the ads were run by resellers. Many posing as if they had owned the car for years. So first off be a serious shopper, don't get excited about appearances. I told people that when they called, or if you email, about an advertised vehicle, ask if the car is titled in the sellers state, in the sellers name %26amp; will they show you their ID %26amp; the title? If you get ANY answer but yes say T-Y %26amp; hang up, don't believe the BS stories about selling for a friend etc. Now as to car choice, watch for over-looked cars. For example, Mitsubishi, Suzuki %26amp; Subaru build solid dependable cars for a reasonable price, they are cheap used, because everyone thinks of the big players. In fact domestics can be a real bargain, if the mileage isn鈥檛 over 100k.
Beyond that, you can always bid low, if that actually let you walk, rare, come back next day to bid slightly higher or move on. Don't get excited about those "inspections" I worked at a dealership that hung those on every used car, but ran none through the Service Dept.; Sales dept. refused to pay for it.|||Remember this: Nobody is forcing you to buy that car. There are many other cars just as good that you can buy. You tell the salesman "This is how much I'm willing to pay". He/she will either say yes or no. If they say yes, then you've got a deal. If they say no, you get out of your chair and head for the door.
More advice, go to the dealer the last day or two of any month, the salespeople have quotas and many will do whatever it takes to get the sale. Hope this helps.|||See Kelly Blue Book or Edmonds.com|||Just stick your your personal commitment to stay at or below 9500. Make the sales person spend a lot of time with you and show him you are serious. They will want to sell to you because you are serious and smart. There are a lot of dopes who will waste money. Don't be one of them.
Best of luck to you and yours.|||Look the car up on KBB.com to find out its value. Once you have done that ask to see the dealers invoice so you can see what the dealer paid for the vehicle. They may give you a hard time about showing you the dealers invoice but trust me, they will show it to you! By looking at the dealers invoice you can tell whether or not they are trying to rape you with the price or if they are trying to make an honest profit. You can ue this invoice to talk the price down. If they aren't giving you the price you want threaten to leave and if that doesn't work...get up and walk away. Most of the time if you threaten to leave or start to walk away suddenly they can work miracles. Always make sure you are willing to get up and walk away from a deal and don't do anthing that makes you feel uncomfortable. Good luck!|||you get what you pay for.|||If you want to pay $7500 and its in the ballpark, tell the dealer "this is what I will pay" then shut up. The dealer will hem and haw, talk to his manager and all kinds of shenanigans. Walk out if he won't say yes or no. Tell him to call you if he wants to sell the car at that price. If your offer is reasonable, he'll sell.
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