When a person decides to buy a car, the first question he faces is used or new? Before deciding on this a person must take into account several factors such as his budget, needs, long term use or short term etc. A used car is ideal for people who plan to buy one for short term and for people with low budget. A used car will save you a lot of money in terms of initial cost, tax, insurance etc. But at the same time keep in mind that the maintenance cost associated with a used car will be high, especially if its reliability factor is low. A new car on the other hand comes with added costs – initial costs like price of vehicle, tax and insurance will all remain high. Here I am adding some important tips to keep in mind while buying used cars.
When you’ve selected the car, analyze the price. There are two components – FOB price when you make an online purchase of the vehicle and a CIF price to ship it to the port closest to you. It’s better to take the CIF price since it includes shipping charges. Some car sellers may not have a CIF price; instead the website may direct you to calculate the freight charges. Still, make sure you know the CIF price of the used car.
Low start up costs. I’m not kidding. How about a source of income you can start with your credit card. Even if you have to go and get a loan, we’re talking a few thousand dollars on the high end. You make a used car purchase, make a sale, and the loan is paid off in a couple of weeks. Then you’re home free, with money in your pocket and an improved credit rating.
Do not be afraid to ask a car dealer to fix a problem with a vehicle before you purchase it. dealership digital marketing want to make sales, and can fix the car’s problem for far less than it would cost you. If you notice anything, you can always ask them to fix it as a part of the purchase deal.
Finance is another aspect. Do consider quotes from different finance companies before you go on with any. Also keep in mind, any EMI you commit should not exceed 20% your total monthly income.
The Chicago car sales department requires all of their employees to undergo training on the proper sales techniques, people handling and rapport. These employees learn various methods regarding how they can approach you in a way that you will feel comfortable with them. They are also really good in explaining things, even to the point of sugar-coating their words in order to entice you with their cars or products. In all cases, you must be confidently well-prepared when you negotiate with them all about cars and their products. Aside from the basic knowledge about the car that you want to buy, remember not to go to your car dealer when you are hungry, sleepy, and angry or confused; as there is the possibility of not being able to think sensibly.
Private sale – Generally you can obtain a used car for a lower price from a private seller. The vehicle may not have a warranty and almost never comes with a guarantee. However, since there is no middle man in the transaction, both the buyer and seller of the used car come out better in the long run.
If you are are remortgaging your home you could use this as a way of financing a car. However although the rate and monthly payment is likely to be low, the total amount of interest will be high as the loan is likely to be over 15 to 20 years. There will be legal costs and other fees when remortgaging so this option is really only worth considering if you are remortgaging anyway for other purposes. Remember the car will probably not last for as long as the repayment period.