Transcript
Page 1: Tips for Buying a Used Car for Sale

Tips For Buying A Used Car For Sale

Page 2: Tips for Buying a Used Car for Sale

Why To Go For Used Cars?

• Most of the consumers, namely teenagers, cannot shell out loads of money for a new car as the average price is approximately $18,000.

• A new car incur a higher cost of insurance, thus increasing the demand for used cars.

• As the number of cars having two and three year old lease is increasing, the supply of such cars ought to rise.

Page 3: Tips for Buying a Used Car for Sale

Advantages Of Used Cars

• By buying a used car, the buyer can easily evade the depreciation costs, which can be up to 40% of its value in the first two years.

• Buying a used car can make way for array of options and luxury items for the buyer.

• Many consumers feel comfortable by evading the tedious paper work involved in buying a new car as they feel that buying directly from the owner will be hassle free.

Page 4: Tips for Buying a Used Car for Sale

Understanding the Dealerships

• Dealerships account for approximately 50% of the used cars sold annually.

• Good Dealers maintain an impressive reserves of old model cars in top notch condition.

• Some dealer even offer their own warranties.

• Dealers take of the financial, registration, and the licensing issues.

Page 5: Tips for Buying a Used Car for Sale

Information To Look Out For

• The vehicle identification number along with the trim line, and mileage must be noted down.

• Ask to see the title, then match the VIN with that on the car and note the name and phone number of the previous owner.

• Contact the local consumer protection office to get an idea of the reputation of the dealership.

Page 6: Tips for Buying a Used Car for Sale

Before You Sign

• Check for the mathematical errors, extra charges, and omissions in the purchase agreement.

• Countercheck the information on the purchase agreement with that present on your notes.

• Get all verbal promises in writing.

Page 7: Tips for Buying a Used Car for Sale

Question To Ask To Yourself

• What depreciation does to the price of a car?

• How can you estimate the wholesale and retail prices of used cars?

• What are the disadvantages of buying a used car from a private seller?

Page 8: Tips for Buying a Used Car for Sale

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