Buying a Used Car
If you
plan on buying a used vehicle from a private seller, use this check
list as a guide. Normally when buying privately, there are no
guarantees, so it is advisable to have vehicle inspected by a
qualified mechanic. However, you can save a lot of time by asking
the right questions on the phone before going to look at the
vehicle. Questions you should ask, include:
Why you are Selling
the Vehicle?
● Is there anything mechanically that it needs right now? If the
seller begins by telling you that the car is great but needs a
tune-up, the AC needs topping-up, or that the front brakes aren’t so
good, skip it. Chances are good that the car needs much more than
that, and that’s why the work hasn’t been done.
● Has the car had any body or paint work? If it’s a two-year-old car
that has already been repainted, don’t pursue it further.
● Have you owned the car long? Many people these days, more than you
think, have unofficially gone into the used-car business. They may
fix up as many as 20 cars a year and sell them out of their houses.
As many as one-third of the cars you call will often be sold by
private dealers.
● Do you have copies of the work you have done on the vehicle? If
yes, ask what work was done. If no, forget it, unless the car has
been regularly serviced at a facility that will have records on file
that you would be willing to obtain and review.
● What is the condition of the tires and brakes? Bad tires and bad
brakes make for a car that has not received regular maintenance. You
want to find the type of owner who tells you the vehicle has good
tires and who knows the condition of the front and rear brakes.
● How flexible are you on your price? Buy a good car at a fair
price, not a piece of junk at a bargain. Someone who comes down too
far too quick may have a bad car on his/her hands.
● Has the car been used on a regular basis? Unless you are buying a
recreational vehicle or a weekend sports car, buy a car that has
gotten routine use.
Private sellers sometimes over-estimate the condition of their cars
on the phone, so don’t be too surprised to find a car that looks
quite different from what you had expected. There are many internet
web sites that list used cars for sale, from both auto dealers and
private sellers. Using an online auto classifieds or used car
listing service to find a used car is a very convenient way to shop.
You may start your used car shopping at:
BestAutoUSA.com, this site lists over 100,000 used vehicles for
sale nationwide.
Although commercial banks remain the primary source of loans, other sources are also available. However, if business’s financial position deteriorates, banks may refuse to renew the loans or denied its new loan request and the business may force to abandon attractive investment opportunity. This can mean serious trouble for the firms. In this situation, businesses usually go for bad credit loans or debt consolidation loans.
|
Bad
Credit Auto Loans - Even with bad credit you can still get
approved for a great auto loan.
Auto Loans - Get the facts on auto loans and how to get
the lowest APR loan rates.
New Car Loans - Compare interest rates and decide what
car loan
is right for you.
Used Car Loans - We can
help find you the lowest interest rates on
used car loans.
New Car Buying Advice
- Learn how to negotiate with car dealers to get a better deal.
Buying a New Car - Our guide offers sound advice
to follow when buying
a new car.
Buying a Used Car -
This helpful guide will show you what to look out for when buying a
used car.
Buying Versus Leasing -
Should you buy a new car or lease? We help you make
the right choice.
Auto Loan Glossary
- Terms and definitions
used in lending and
auto loan financing.
Finance Resources - Links to financial
websites that deal with
credit and debt related issues.
|
