Sound familiar? Before you start shopping for a used car with a teenager you know, do some homework. It may save you serious money. Consider driving habits, what the car will be used for, and your budget. Research models, options, costs, repair records, safety tests, and mileage through libraries, book stores, and web sites.
Cash or Credit?
Once you’ve settled on a particular car, you have two payment options: paying in full or financing over time. Financing increases the total cost of the car because you’re also paying for the cost of credit, including interest and other loan costs. You also must consider how much money you can put down, the monthly payment, the loan term, and the Annual Percentage Rate (APR). Rates usually are higher and loan periods shorter on used cars than on new ones. Dealers and lenders offer a variety of loan terms. Shop around and help your teenager negotiate the best possible deal. Be cautious about financing offers for first-time buyers. They can require a big down payment and a high APR. To get a lower rate, you may decide to cosign the loan for your teen. If money is tight, you might consider paying cash for a less expensive car than you first had in mind.
Dealer or Private Sale?
The Federal Trade Commission’s Used Car Rule requires dealers to post a Buyers Guide in every used car they offer for sale. The Buyers Guide gives a great deal of information, including:
whether the vehicle is being sold “as is” or with a warranty;
what percentage of the repair costs a dealer will pay under the warranty;
the fact that spoken promises are difficult to enforce; and
the major mechanical and electrical systems on the car, including some of the major problems you should look out for.
The Buyers Guide also tells you to:
get all promises in writing;
keep the Buyers Guide for reference after the sale; and
ask to have the car inspected by an independent mechanic before the purchase.
Buying a car from a private individual is different from buying from a dealer. That’s because private sales generally aren’t covered by the Used Car Rule, or by “implied warranties” of state law. A private sale probably will be “as is” — you’ll have to pay for anything that goes wrong after the sale.
FAQ’s- We know that a new job is exciting and can be overwhelming! But we are here to answer a few of your questions. Please post your questions in the comments section and we will answer them here.
Currently, the most exciting development here at AutoFerret.com is the launch of our nation-wide promotional campaign, featuring the AutoFerret.com Ferret Girls, who are the new face of AutoFerret.com.
They’ll be stopping by your dealership soon, so be on the lookout because you won’t want to miss a visit from the Ferret Girls!
An interview with Ben Brigham, president of dealer lead generation service, AutoFerret.com
How can you produce good leads for only $13?
We are the lead generator, not another third-party lead provider. Many third-party lead providers purchase their leads and resell them to dealers. AutoFerret.com, on the other hand, does not buy any leads; we generate 100 percent of our leads. It’s the difference between buying something from a retailer, wholesaler, or distributor versus buying it directly from the manufacturer.
Are you a dealer looking for leads? Check us out here!
And yet, more and more people are using AutoFerret.com to find their next new car. With AutoFerret.com we find EXACTLY the car you want, for the price you can afford!
Portland, Maine (WiredPRNews.com) — So far in the month of June, auto sales have seen a remarkable decline as Americans virtually shunned SUVs and pickups due to the ever-increasing fuel prices amidst the weak economy. Due to rising gas prices, there has been a sharp decline in the ticket price of new vehicles as automakers have an insufficient supply of fuel-efficient cars.
The readings of sales from Autodata showed plummeting sales with an annual rate of 13.6 million vehicles sold on a monthly basis in comparison to 14.3 million sold during the month of May indicating poor sales across the board. According to the survey, these statistics set a record for weakest sales in quite some time. Read the rest of this entry »
The newest trend in vehicle thefts isn’t the vehicle itself. Now, most thieves are making more money by stealing the gas from your car. This isn’t a new type of vehicle theft, but it is growing in popularity proven by the increase of car owners taking their cars to the body shop.
With the value of a full tank of gas around $70.00 in value black market gas cans are being sold in the back alleys in US cities!
What can you do?
Experts recommend that you buy a locking gas cap, inexpensive at around $5.00 -$10.00 dollars, and park your vehicle with the gas tank ( usually the back end) towards a building or other protected area where a gas thief won’t be able to easily obtain access to the under carriage of your vehicle.
Have you been a victim of this? Need a new car? Check out AutoFerret.com and find your next new car!
If you have enough money and you would like to have an ugly but unique car, buy some gold and cover your car with it. This way you will attract everyone
’s attention.This Porsche was covered in 18 kg of gold . . .
According to the National Automobile Dealers Association, the average price of a new car sold in the United States is $28,400. That’s why it’s important to do your homework and evaluate what your needs are with your new vehicle and what you can afford. Read the rest of this entry »
We see a lot of financing options online. Do you have experience with in house financing?
Bad Credit Auto Loans
No Credit Auto Loans
Repossessions
Divorced
AutoFerret.com knows the challenges facing credit issues, and trying to buy a new car. Autoferret.com is happy to introduce bad credit car shoppers to Automatic-Financing these professionals have all the tips and insights to help even people with damaged credit, no credit & even repossessions on their credit report.
Under the new Washington State laws, drivers who read and compose text messages or talk on a cell phone without a hands-free device could face a $101 ticket. The text-messaging ban takes effect Jan. 1; the cell-phone law will be enforced starting in July 2008.
In this article Nick Johnson, lead counsel and founding partner of Johnson Law Group shares many factors of the dangers of Cell Phone and Auto Accidents. Read the rest of this entry »
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