wise buyer Archives

What you need to Know before Purchasing Used Car

June 3, 2015 by Editor

When buying a used car, a wise buyer must bear in mind that it is a significant decision that he is about to make and includes a considerable amount of money that is why the buying process requires full concentration and focus on the important details that deals with it.

Getting yourself your own car, whether it is a second hand or brand new it will definitely allow you the pleasure of travelling to anywhere you want anytime. When you’re able to get your own vehicle you will be able to travel to places and with work or even finding work, it’s a great advantage. But what are the things you need to know before purchasing your used car?

When budget, car model and all the connected details are complete with you planned used car buying the next thing you need to know is the registration process of the vehicle you are about to purchase.

You must be able to clearly learn how the registration would go, the requirements and all other documents you need to present in order to get your registration done. After getting all the list of the requirements, check with the dealer if all those are available so that you can have the vehicle registered without the hassle.

Anywhere in the world there exists a strict law that every vehicle on the road must be registered. And in case that you purchased a registered pre-loved car, you will have to pay a transfer fee within 2 weeks or 14 days after purchase.

Different countries and states provides government website where they offer information regarding vehicle registration in order for people to have easy access on the requirements, fees and other registration and insurance information.

It is an advantage to conduct a research and visit the website for your planned used car buying especially when you plan to buy from other state so that you will clearly identify of their rules and requirements.

The next thing that you have to know well with your used car buying is the type or car model. This is not just to identify the prize or the efficiency and popularity of the vehicle but also to know if the availability of spare parts of the used car model. You can never be 100% sure that what you have purchased will remain and maintain a good running condition.

There will come a time that you ought to change some parts to keep it running smoothly. If you’re able to buy the popular model surely, there will be no worries finding a spare part in case you need one.

A wise buyer gathers information before getting into the deal and once in it being alert on all details will give your dollar a fair value.

Important questions to ask the Dealer when buying used car

May 22, 2015 by Editor

Buying used car is not just as simple as having one two steps, you must find the right car and then you pay for it. Easier said than done, buying used cars requires a lot of things and some homework just before closing the deal. An advance research on the internet, magazines or books that deals with used car buying will be a great source of the information you might need.

As a shopper it is your right to ask questions regarding the car’s history and many other things related to the car that you would like to buy. And the most important things to ask a dealer are the following:

Where or who was the vehicle purchased from?

In cases where a car is purchased from an auction, make sure that it pass through a professional mechanic who specializes in inspecting used cars to make sure that what you are buying is a good catch and will not give you headache right after paying for it. Ask for the maintenance record of the car if it came from a dealership. This way, you can easily make an assessment regarding the car’s efficiency and the cost of future maintenance.

How long will you allow for a Test Drive?

Always request for a drive test and make sure to negotiate for a long test drive as much as half an hour. This is the only way to see if the vehicle will fit your driving habits and if there’s any hassle while driving the car and if there’s any flaw that you will find feel free to back out. Remember that you are the customer and customers are always right.

How much is the used car?

This is the ultimate question to ask. You should be able to do your homework before buying used car. This way even if the dealer gives you a relatively high price for the car model you can easily know that it is overpriced. And when the dealer gives you a fair price for the used car, ask for any possible discount if you will have the deal on cash basis. Dealers usually offer financing because they make profit from it and if that is the case don’t hesitate to ask them what kind of consideration they will give you for doing the financing with them.

Are there freebies upon purchase?

Ask if there’s anything you can get out of the dealership. Sometimes a set of new tires, a full tank of gas or a timing belt is given for free to a shopper.

Do you take trade-ins?

This will surely be a lot easy if the dealership will handle this for you. Don’t let yourself get tied up in trying to selling your own used car, especially if it’s not your forte.

Checking Important Details Before Buying Used Cars

May 4, 2015 by Editor

Buying used cars can be very confusing. Shoppers are always doubtful of its efficiency and always worried about the maintenance cost. But if an individual is thinking about getting his own car but short on budget, buying used car is the best option.

Buying used cars need a lot of things to consider but the most crucial factor is the physical check up on the vehicle before making the final decision and closing the deal.

Here are some helpful tips when shopping for used car.

The first thing you need to check with the car is if it is on level ground. Doing this will enable you to check the tire and if there is any bending or floppy on the car.

It will also be wise if you make a thorough inspection on the cars paint work, check for scratches, roughness and waviness that maybe a result of poor paint job or the paint maybe just too old. Make sure that the car does not show any sign of rust from inside and out and on top and underneath.

Care to check the tire as well as its alignment. The tires must be worn evenly. Make sure that the spare tire is a full spare.

If you find it possible to get the car to a raise for a close inspection on the exhaust system of the car. Ensure that the system doesn’t have any leak.

Check under the hood for any dents, damage or rusts. See to it that the hoses and belts don’t have cracks and are not soft. Take into account the engine condition if it’s perfectly working and without any leak.

It’s also your responsibility as a buyer to get an inspection inside the car. Make a check up on the seats for any damage, rips or stain. Turn on the air conditioning system of the car to make sure that it is perfectly functioning. Inspect for the lights and all other regular functions and features of the car to see if its fully functional.

Test drive the car. This is the most important part of the process before deciding to buy the car. This will help you make a final assessment of the cars ability to take you to places safely. Be sure to drive the car on almost all types of highway, on uphill, rough and rocky roads, steep slopes and even on busy streets where traffic may come and go.

This way you will be able to know if the car will suit your driving needs and habits.

Buying Used Car: Negotiating and closing deal

April 25, 2015 by Editor

Deciding on the used car you want can become very complex if you don’t know the important details that needs to be taken care of and those that requires thorough research.

After all the research you’ve made and the result seem to satisfy and meet all the requirements, answered all your inquiries, then it’s time to go and negotiate to close the deal. It is a wise action to determine a fair price for your preferred used car model by appraising the automobile and know its True Market Value. TMV (True market Value) is also known as the average price paid for the used car in your state. Make sure to provide the exact mileage in order to get an accurate computation of the TMV. All the stuff mentioned will provide your dollar a fair value.

When in the negotiating process and talking to the sales person be nice and polite and never give him a hint of your maximum limit. Don’t tell him that you will pay it in cash if ever you’re a cash buyer. This way you can have a chance of getting a lower price since dealers profit well on financing basis. When he offered you a financing, you can easily decline the offer and grab the low price he offered. Don’t be afraid to walk out if the dealer isn’t prepared to pay the price.

Closing the deal may require you of some important things in order to make it a successful one. Check for the car/s registration if it’s updated; make sure that the seller will give you the car title. In some places, they require the seller and the buyer to complete a bill of sale. To avoid any hassles, as soon as you have closed the deal, register the vehicle in your name and pay any possible taxes.

Buying used car is the perfect option for people with low cost budget but needs to get their own vehicle for fast, convenient and comfortable transportation. Doing your responsibility as buyer will get you to the ideal car you’ve wanted.

Doing your part will never give you the chance to have regrets with your decision because you will certainly end up with the right one giving your hard earned money a fair value while fulfilling your goal of vehicle ownership. You get a car and you saved indeed!

Buying a Used Car? Read This First

April 24, 2015 by Editor

Just because used cars are more affordable doesn’t mean you could get the biggest returns of your investment. With more used car dealers and private sellers coming out in the market, loaded with promises, it’s now easier to fall prey into buying a lemon when you don’t take the necessary precaution.

To protect yourself from scams or all out fraud, here are some tips to keep in mind before you buy a used car.

Do Some Research

Once you come up with a short list of your favorite makes and models, research on their market value and compare prices with other dealers. You may also check online prices and see who offers the lowest reasonable price. Of course, a selling price that is set so low should raise a red flag for some possible underlying issues. The specific car might have undergone major repairs, or might have been written off. So make sure everything is clear before even moving forward with the sale.

Read This : Checklist Before Buying Used Cars

Set Your Budget

You may have found a used car that costs just a fraction of its brand new version. But take heed, as your financial obligations do not end at the point of closing the deal. Mandatory payments for transfer of registration, car stamp duty and third-party insurance are part of what you need to consider when finalizing your budget. If you want to know more about the exact amount of each fee, ask your dealer. You might also spend a little more having the Vehicle Identification Number checked by PPSR to obtain the car’s history.

Be Careful With Deposits

There have been recent reports of dealers or private sellers requiring deposits from prospective buyers to secure the car, especially when the buyer decides to drive-test the automobile. Unfortunately for some would-be buyers, some sellers no longer refund the deposit because of the premise that the car has already been reserved. So, to secure your payment, always put every agreement you have with the seller in writing, specifying the terms (e.g., whether the deposit is refundable, etc.).

Steer Clear of Hidden Financial Encumbrances

You might spend a few dollars to pay for a PPSR or CarHistory check to obtain a detailed history of the used car. But the minimal fee you pay is worth it given the essential information you receive such as whether the car is still tied to financial encumbrance, or whether it was stolen.

Here’s More : How To Be Smart About Buying A Used Cars

Once you have everything cleared, you’re now ready to drive the car of your dreams. With a well-maintained secondhand vehicle, not only will you save much because of the huge price difference from the brand new ones, but your car will also no longer go through steep depreciation, unlike the brand new ones. This means you can always resell your vehicle in the future without huge losses.