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.
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!
Let’s face it, consumers can be fickle. What was once the rage goes quickly out of vogue. The American car-buying public is notorious for wanting the trendiest vehicles with the lowest sticker prices. Take an honest look at the marketability of the car you have for sale. If it’s a popular make and model, you’ll probably sell your car quickly. If not, be prepared to do a little research to find the best markets for your particular car. Read the rest of this entry »
Gas prices go up and down, seemingly at a whim. The predictions on where prices are going are often wrong. One thing is for certain: we all need to save on gas, even with more fuel-efficient cars on the road.
Calculate how much you drive. Obviously, the less you drive the more you save on gas. Here are some steps to help you save money at the pump. Read the rest of this entry »
If you are looking for a high gas mileage car ( who isn’t ? ) than Autoferret.com has some tips for you.
To eliminate the pain at the pump due to the increasing cost in fuel, there are a few things to keep in mind while looking buy your next vehicle do your research! Read the rest of this entry »
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