Posts Tagged ‘used car’

Finding Used Car Best Price

July 3rd, 2010

You can get the very best price for your used car only when a brand new car of the same model is being sold at the highest price. If a manufacturer gives discounted prices for a new car of the same model, you cannot sell your vehicle at the best price. In other words, one of the best time to sell your used car is when the prices for the model you’ve are at the highest.

Hence the important factor that affects the price of a second hand car is the price of a brand new car of that model you have with you. So it is better to wait until the buying price of a new car of your model goes up rather than selling it when the manufacturer gives discount for the new car of your model.

Preparing your car for selling it’s a must. You have to consider what the potential buyer thinks of your car. So you’ve to maintain the interior and the exteriors of your car properly. If your car isn’t clean inside and out, the potential buyer might not think positively about your car. This simple issue might make you lose a possible deal.

Therefore proper maintenance of your car is important to fetch a good price for your used car. Some people might overlook some serious problems in the car if the car looks shiny and glowing. Touch up scratches on the exterior and interior. Makeup the small dents in it. Balance the tires properly. Clean inside and out. This might fetch you a profitable deal.

The price of your car should take into consideration the mileage and the condition of the car. You could also consider the demand for that model. Cars that have run for more miles are often not preferred and maybe they are considered ‘used up’.

Hence most of the people prefer cars that have run for fewer miles per year. Usually a potential buyer would consider the price which you have fixed for your car as the asking price and he would negotiate the price. It is always better to get a margin of 5% from the price that you would like to sell for so that you could negotiate that 5% with the buyer of the car.

James Tano has written many articles about Auto Industry . He comes from USA. We suggest you check out his other guide on Cheap Car Insurance tips, and Used Cars For Sale By Owner guide!

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Used Car Leasing

June 10th, 2010

Used-car leasing has become more popular as the economy worsens. It seems to offer a less expensive way to drive a vehicle than new-car buying or leasing, or even used-car buying. But is it all it seems?

The apparent benefits of used-car leasing are:

* You avoid a new car’s rapid first-year depreciation

* Used car prices are lower than new-car prices, for the same make/model

* Late model used cars might have remaining manufacturer’s warranty

When compared with new-car leasing, used-car leasing is more complex. Let’s look at some of the reasons:

* New cars have an established MSRP sticker price, on which future depreciation (lease residual value) is based; used cars don’t

* New cars have industry-established residual values; used cars don’t

* New cars often have manufacturer-sponsored lease deals and rebates; used cars don’t

* New cars come with a full manufacturer’s warranty; used cars do not

However, for used cars, setting residuals is not so easy. There aren’t any standard prices on which to base residuals. Condition and mileage can vary widely, even for vehicles from the same year, make, and model. Prices could be different in different parts of the country.

New-car leases have full manufacturers’ warranties, which means a leasing consumer is protected for the life of his lease as long as he chooses a lease term (months) that is no longer than the length of the warranty. A late-model used car may come with some remaining warranty but usually not enough to pay a normal 3-year lease.

Does this show that leasing a used car is not recommended?

Definitely not. It is very possible to have a great deal on a used car lease, although a bit difficult to evaluate.

The best way to evaluate a used car lease is usually to do a couple of comparisons. First, compare your lease payments to loan payments for the same vehicle, same terms (months), and same down payment, if any. Also compare your used-car lease payments to lease payments for a new car from the same make and model with comparable equipment. In the two cases, if you are used-car lease payments are not significantly less than either of the two comparisons, it might not be good deal.

James Tano originally comes from Humble, TX, USA. He has written many articles about Automotive . Other guide you may be interested in reading: Auto and Car Insurance tips, and Used Cars For Sale guide!

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