Used Car Pricing Does Not Use Invoice Price
We often get asked if "Invoice Price" and "MSRP" apply to used cars, or if you should try to calculate an offer for used cars based on invoice price. No, the Invoice Price and MSRP only apply to new cars, not used cars. For used cars, there is no invoice price because car dealers acquire used cars from people at a "trade in" price, then mark it up on the lot. The best way to determine used car prices is to check how your car has sold on eBay the last few weeks, and bring printouts with you to the dealer to support your offers on used cars.
Finding out what's wrong with that used car before you buy
Everyone buying a used car should get an Experian AutoCheck Vehicle History Report, they get data from a substantial number of dealers and aftermarket repair shops, nearly 5,000 sources. A mechanic can put the car on a lift and instantly spot previous crash damage, hidden frame damage, corrosion, and fluid leaks. But your mechanic can't tell you if your car title has been branded as a flooded vehicle, salvaged, junked, rebuilt, stolen, or passed through a salvage auction. Most mechanics overlook airbags. You can only tell how many owners that car had or where it's been with a history report, not just by looking at the car. This is not the time to 2nd guess. Unfortunately there are no clear laws if you sign an "As Is" paper. Any used car can have a bad past, Mercedes, Lexus, Honda or Toyota. Some municipalities don't supply accident report info, that's why you still need to have a mechanic look at it. If the police never made a report, it won't show up in the AutoCheck Vehicle History Report.
Save money financing your used car
You can save money when you buy a used car by using Capital One Auto Finance instead of paying a higher rate from the dealer. The process is simple, apply online, approval takes minutes and they mail you a check to take to the dealer. If you got railroaded into a high APR car loan from a dealer, you can refinance after 3 months with Capital One Auto Finance. Lower your current car payments with their Auto Refinancing Loans. A few of my friends have used them. They have a low APR, it's fast, easy and awesome.
How do I finance if a buy a used car from a private person?
A lot of people ask me how to finance a used car when you buy it from a private person. Use the Capital One Auto Finance person-to-person loan for used cars. Apply online, approval takes minutes, they mail you a Blank Check® so you can buy any used car from a private party without paperwork hassles.
Get An Extended Warranty for your used Car
Get an extended warranty for your used car. The best car warranty site we have researched so far who are known to pay claims is Warranty Direct. Read our chapter on Extended Warranty Scams & Tips, or you'll be out several hundred dollars. If you buy a 3 or 4 year old used car, that's when the manufacturer's warranty expires and all hell breaks loose. Unless you have an extended warranty, you are exposed to potentially large losses.
Don't fall into the gap!
If you owe more on your car than it is worth, if you lease, or if you put down less than 20%, you should get Gap Coverage from Gapinsurancequotes.com. Most people refer to it commonly as "gap insurance". Don't even bother buying it from dealers, they charge $500-$700 when you can get it online directly from Gapinsurancequotes.com for less than 1/2 the car dealers. If you owe $20,000 on your car, but it's only worth $16,000, you're upside down. You total the car, or it's stolen, your insurance company gives you $16,000. You must still come up with $4000 to pay off the bank, plus your $500 deductible! Gap coverage protects you against this. The better ones cover up to $500 of your deductible.
2007-09-26 14:47:55
·
answer #2
·
answered by *Poof* 1
·
0⤊
2⤋
Go to and look at http://craigslist.org to buy,sell and trade almost anything. It's Free
Good luck and hope this helps
2007-09-26 14:44:09
·
answer #3
·
answered by Bassman1 7
·
0⤊
1⤋