Information about Cheap Cars, Car Parts, Car Loans and Others

Deciding whether to buy a new or a used car can be difficult. When considering your options, which of these three do you fall under:

1. I am looking for a particular car, and am not concerned with its depreciated value over time.

2. I am looking for a balance between investment value and features/preferences.

3. I am looking for a car that will retain the highest value possible over time.

There are distinct advantages and disadvantages no matter which way you choose to go. But let’s look at my recommendations based on the above categories. If you fall into Category 1, you should buy a new car, and drive it for years to come. The key thing here is, that you do not sell you car within the first two years, as new cars lose 60-70% of their value during this time. You should expect less maintenance costs with a new car, but I highly recommend obtaining a great warranty package as well to further reduce your maintenance costs, the point being that since you will be making a car payment, you want to have as few unforeseen costs as possible.

If you fall into Category 2, your decision is the toughest. You will most likely want to buy a used car, looking to take advantage of the first owner’s loss in value, but not too old (maybe only 2-4 years old). But, you also have preferences, such as how large the vehicle needs to be to suit your family, bad weather performance capabilities, gas mileage, and aesthetics like color, interior type, etc. This will instantly narrow your list of potential candidates to choose from, and you may want to consider buying a dealer authorized pre-owned vehicle. You may still end up with a car payment, but you will have the satisfaction of retaining the value of your vehicle longer, and the advantage of a dealer warranty and inspection/guarantee. For many middle income families, this is a very popular and often chosen method.

Category 3 is where I fall. This type of person is looking for maximum value and Return-On-Investment (ROI). They will buy an old car (I usually buy cars that are 10-15 years old) that has high mileage and only a small blue book value. Many times I will buy my cars for around $2,000-$3,000 in cash. I have no car payments, high gas mileage, and low car insurance costs because old cars aren’t worth much. Maintenance costs tend to be a little higher, but still far less than a car payment every month. The key here is to choose a reliable vehicle, and my personal preference is to go with small 4 cylinder Hondas. My last Honda Civic lasted about 3-4 years and was pretty reliable, with only a handful of maintenance problems. Hondas run forever (many people putting 200,000+ miles on them) and are known for their lack of maintenance nightmares.

In closing, I recommend buying an old used car, paying with cash, and driving the car for as long as possible. You will be able to take advantage of someone else losing all the value of the car due to depreciation, you will not have a car payment, and your car insurance costs will be less due to the lower value of the vehicle. It just makes the best sense financially speaking.

The article will lead you to your perfect used car. So please have a read to this article that cover all the necessary tips that you need to consider while buying a used car. Why do people buy used car? This will be a good question to ask. Is it not good to go for a new car? That is all good with new technology and latest gadgets installed. These are the some reasons why people will buy a used car.
? It is less in price/ cheap. Less capital investment.
? You get a luxurious car for fewer prices.
? Deprecation of used car Is less
? You get used car from car maker that sell certified used car with includes warranties.

But buying a second hand car also has some drawbacks. Please keep in mind that used car have more maintenance cost then new cars they usually breakdown and would keep you in trouble. Replace tiers, battery and some general parts like clutch plates etc.

So know you have a brief idea about used cars. Then lets start with the search for used car.
1. Decide your budget: this is the first thing you need to think. Budget also includes the other expenses like the taxes, insurance and also the running cost etc.
2. Decide which type of car you want to buy: You have a wide range of choice you can go you a hatch back, sedan, family car a wagon etc. you should not be too specific with your car like the color, make ,model. If you are too specific this will shoot up your car price.
3. Look for a seller: These days there are many seller for example you can buy a car form a owner of the car, a private dealer that sellers used cars or a car seller that is certified by a company.
? Owner of the car: While buying a car forma private owner you need to be very care full as you won’t be getting any warranty on it. So you need to inspect the car very carefully and also look for all records for services to look for any major damages.
? Private Dealers: This are the dealer that buy cars from owner and sell them they would be giving you warranty but it would be on certain parts only. So you need to go through warranty that he is offering you. In this case you also need to get the vehicle inspected.
? Certified Dealer: Here when you buy a car form a certified dealer you should be a bit relaxed as you won’t be cheated but the car prices would be a bit high. They company it self will service the car before selling it and all the necessary parts are already changed by them. Also you get free services for a limited time and warranty on the car just similar to what you get for a new car.

4. Inspection of car: when you buy from owner of vehicle get it checked by a mechanic. This will give you the history of the car and will also let you know if there is any major damage to the car. Are the parts that are changed genuine and lot more things. Vehicle should also be inspected if you are buying from a private dealer. Where as when you go through a certified dealer it makes you life easy you should not worry about inspection. You can do it on your own.

Following things need to be inspected.
? The engine should run smoothly.
? Check for the body of the car is there any dents on it or has it meat into any accident.
? Look if the car is been repainted. Is there any sign of vehicle been painted.
? Check the battery.
? Check for all the lights of cars. Indicators and head lights are they in order.
? Look for the temperature of the engine is it over heating.
? Look for the tires.

5. Get a Test Drive: While you are having a test drive you come to know the condition of the car and engine. Try to drive the car to its top speed and look if the engine is running smoothly. Look for the alignment of the wheels. Look for the smooth movement of the steering wheel turn right and left. Look if the breaks are in order.
6. Look for the papers: Go through all the paper this will give you a brief idea about the car. It is a single owner car? Has it been in a major accident? Which parts have been changed for this car? How old is this car? Is this car insured? Also look for the invoice.
7. Negotiate the price: have a through look at the car before negotiating its price. If some parts need to be changed then it should be taken into consideration while fixing the final price of vehicle.
8. Transfer Owner ship: this is the last thing that’s need to be done once you are sure with the car you can know get the vehicle transfer to you name. This means that now this car is been recorded into government record at you name.

Buying a car, new or used, is a big expenditure. Unfortunately, most people go to the car dealership thinking they have to pay the full sticker price of the car, not realizing there are many ways to save money. It’s also important to know how the dealers make their money on each car sale. Such knowledge will help you get the very best price on your next vehicle.

1) Know how much the car is worth.

Do your homework and research your car choices before attending a new car sale or purchasing a used car. You’ll want to know the true value of the car you wish to buy as well as the value of your current car if you wish to trade it in.

Visit the factory website of the model of car you want to see what the factory list price is for each vehicle. For example, Ford’s website (http://www.ford.com/) offers an online vehicle showroom where you can choose your next new car and pick the price range.

Go to several different dealers and research different deals on the same car before purchasing it. A lot of dealers’ prices will differ on the same make and model. Check out the wealth of information on http://www.carsguide.news.com.au which offers price comparisons on your new or used car as well as tips to help you when you purchase.

The Red Book (http://www.redbookasiapacific.com/au/) is an excellent resource to see how much a used or new car is worth. Car dealers make money by marking up the price, as do private sales. Knowing that a car is unfairly priced will help you to save hundreds, if not thousands of dollars.

2) Get the proper financing.

Car dealers can make a bundle of money selling you more car than you can afford by offering you financing for a longer period of time. You can also expect to pay more for lease options if you’re not careful. Banks and finance companies typically offer a lower interest rate than car dealerships. You can also look into financing from the manufacturer of the car for sale—you’ll pay much less in interest than on a loan from the dealer.

Banks take longer to grant approval than finance companies, which can often approve your loan online in minutes.

Never pay for a new or used car on a credit card, as you’ll be paying lots more in interest rates. One of the very best tactics is to get pre-approved for the purchase of a used or new car at a financing institution before you go car shopping. When you’re shopping, don’t tell the car sales associate. A lot of times the car dealer will cut the price of your car, thinking they’ll make money on the financing later. It will be too late to change the price on the car once they realize you already having financing.

3) Buy at the right time of the month.

Most car salesmen work on commission and get incentives for selling the most cars. By the end of the month they know if they need to up their sales and they’ll be more persuasive and aggressive to get that one last sale. However, you can use this need to sell to your advantage.

Visit a car dealership at the beginning or first of the month for an initial visit, but not to buy. This takes some of the pressure off because the salesmen aren’t going to be as persuasive to have you purchase something you can’t afford or don’t want.

Visit several car dealerships to inspect the assorted car sales and take plenty of notes. Then return to the car dealership of your choice at the end of the month when dealers are eager to make a quick car sale. Chances are you’ll get a great deal on a fantastic new or used car.

4) Forgo the extended warranty and extras.

You don’t need an extended warranty, though the salesman will make you worry and fret until you shell out the extra money to pay for the warranty. Most of the time, if you care for your car properly and maintain it according to the factory specifications you won’t need an extended warranty.

If you really think you should purchase one, wait as long as possible. Most companies allow you to wait until you’re close to the end of your regular warranty to purchase one. By then you’ll know how much maintenance your vehicle needs. If it’s a lemon by nature then an extended warranty might be a good idea in the long run.

You don’t need most of the extras offered, like rust-proofing, paint protection, tinted windows and life insurance. Educate yourself about what you need and what you don’t to keep from paying unnecessary charges.

Verify how much you’re paying for hidden charges such as shipping and preparation charges. Most of the time you can negotiate these charges down in your car sale.

5) Consider Used vs. New

New cars depreciate quickly the first two years of ownership. In fact, expect your $20,000 new car to cost you almost $7,000 in depreciation and interest rates alone (with a 6.9% loan) during that time. When you buy a used car the original owner has already absorbed the depreciation costs, leaving you with a good car that’s worth every penny.

However, the car sale market may be so slow that good deals can be had when buying a new car over a used car. It’s essential to be aware of how much car you can afford to buy and to guard against getting suckered into buying more car than you can afford.

Used Car Purchase Tips:

The uncertainty about a cars history–whether it’s been well taken care of or possibly damaged by an accident–can make some people leery about buying a used car. When buying used, it’s important to look for a car that has been properly maintained and an owner who has the records to prove it.

When buying used consider forgoing the financing and instead buy outright. Financing is a way car dealers to make money off of used car sales. Opting to pay for it in full puts money in your pocket.

Don’t be afraid of high mileage. A car driven by Grandma on weekends could actually have more problems because an idle car usually has problems associated with sitting around, such as plugged lines or rusty breaks. If you’re unsure about buying a used car because you don’t know enough about how cars work, consider spending the money to get a vehicle inspection from a reputable garage.

Always go for the deal that will give you the best value for your money.

Used Car Values

Determine the cars history.

When searching for a new or a second hand vehicle at car auctions or at car classifieds you find on the news paper or in the Internet, it is always wise to gather the vehicles information to get enough information in determining the used car value. You may ask the used car dealer, or the old vehicle owner about the cars service and damage/accident history. This will give you an idea on what are the cars components that you need to pay attention to most often. For example, if the car has some issues with the engine always overheating, by knowing this in the cars history, you will know that the radiator needs attention. Thus, you will know that other used cars (without engine temperature trouble history) value will be higher than this car.

Cars Pricing

Get a car that fits your budget.

Don’t be in a rush to purchase a car that you like. It is always advisable to do a little browsing first with all of the available resources, specially for those with a limited budget. As much as possible, get a list of the top 5 cars that you think you like and compare their cars pricing and values. Of course, everyone will want to choose the car that fits the lifestyle and the budget alloted for it.

Car Sites

Sites on line that offers new or used automobile for sale.

It is alright to shop for cars on line, though, you will only see the cars in pictures which can make the decision harder.

Before buying a car on line, make sure that the site you are using is not a fraud. The second thing you need to do is to search for all the list of the cars, that are with in reach and with in the budget limitations, and make sure to contact the seller or the dealer of the car and ask for all the cars info. This information includes the vehicle’s history (service and damage history), cars pricing and the last price he/she is willing to offer, description of the car (feature, make, model, year, transmission etc) and more extra pictures.

Try to negotiate the price as much as you could and also negotiate the shipping cost, on who will pay the shipping. It is always best to visit the car, if possible, to make the decision easier. If you will visit the car, you will be able to see more details in to it and you might be able to test drive the vehicle.

One site I have seen giving quality car services is OzFreeOnline. They provide free services for either a seller or a buyer. One can browse a free car listing or avail of the free car advertising service to get that automobile sold fast.

Lastly, be patient in searching and buying for your next car. Browse all free car listings as much as possible to expand your choice.