Archive for the ‘purchase’ Category

Used Car Inspection Checklist Use this handy 50-point checklist when buying and inspecting a used car. Print it and take it with you.   Wheels and Tires Are tires worn to unsafe level (less than 2/32″ tread depth at lowest point)? Tires with less than 2/32″ tread depth at lowest point are unsafe and should […]

Everyone buying a new car wants to get a bargain and a great deal. So where can those deals be found? Although we’ll be primarily discussing brand new cars here, we can make some comments on used cars, if that’s the direction you think you want to go. Used Car Deals Finding a great deal […]

Online car buyers exposed to common car scam by criminal sellers Users of online car buying sites such as AutoTrader, Craigslist, online newspaper classified auto ads, and other non-dealer car sites often find unbelievable good deals, only to find it was no deal at all, but a common car seller scam. We often hear the question, […]

There’s one kind of car buying customer that sales people just love. They are “payment buyers.” A car salesperson’s job is to sell cars — and make maximum profit for his dealership. The way to make maximum profit is by selling at the highest possible prices and including as many “add-on” extra items or services as possible. Some […]

Although we’ve discussed this topic previously (see Lease vs Buy), there is one aspect that we haven’t discussed and continue to hear questions about. The question is essentially this: “If a car dealer is offering a special promotional lease deal, a purchase rebate, and a low interest loan on the car I want, which one is […]

Do you need an extended car warranty — car repair insurance? All new cars come with a new-car warranty from the car manufacturer. There is typcially a general “bumper-to-bumper” warranty that covers just about everything that is not a wear-and-tear item, and a powertrain warranty that covers the engine, transmission, and drivetrain components. For most […]

The most common car scam is one in which a nice car is listed for sale at a low price on Craigslist.com, Autotrader.com, or other web site. There is no hint, other than the low price, that it is a scam. They show you a couple of good pictures of the car and even provide […]

Buy-here-pay-here car dealers provide auto loans to people with bad credit. Most car dealers do not directly finance loans on cars they sell. They work with outside banks and finance companies to provide loans for their customers. It’s up to those banks and finance companies, not the dealer, to approve and provide customers car loans. However, […]

One of the most frustrating things about buying a used car is knowing not how much it’s worth — its value — a fair price to pay. Two cars of the same year, make, model, condition, and mileage can have two very different values, depending on who is making the valuation. Even the same car […]

Used cars are for sale everywhere but many people find it difficult to find just the right car for the right price.  It can be frustrating and even overwhelming. First-time buyers, in particular, often have difficulty with the various stages of the process: buying, pricing, negotiating, applying for loans, registering, and getting insurance. What seems […]

A Car Loan Story David, 17, recently graduated from high school, landed a good paying job, and wanted to buy a new car. His thought was that he would go to his neighborhood Ford dealer where he had been admiring a bright red Focus model that he felt he could afford, and arrange for a […]

Car manufacturers offer special sales incentives every month on particular vehicle makes, models, and styles. Incentives vary from month to month. Incentives come in the form of direct-to-customer rebates, special lease deals, and low-interest loans, including 0% APR loan deals. See Best Car Deals for current new-car incentives, including 0% loans. Zero percent financing, when […]

How do I know how much car I can afford? Assuming you’ll buy with a loan, you will want to have a monthly car payment that will fit within your current income, after considering all your other expenses. Don’t make the mistake of buying based on future expectations — a forthcoming raise, a new job, […]

How do I know what price to pay for a car? Let’s say you see a nice used car that you like on a dealer’s lot that is priced at $14,000. Is it a good price? Can I talk the dealer down to, say, $12,000? How much discount can I expect to get? These are […]

How do I buy a car from an individual private seller — not a dealer? When you buy a car from an individual, you pay with cash, a money order, or a bank cashiers check. The money can come from savings, a checking account, a family loan, or a loan from a bank or financial […]

Should I keep my old car and fix it up, or buy a new car? Expressed another way, the question is this: Is it smarter, more practical, and more economical for me to keep and fix my old car than to buy another car, new or used? This is always a tough one to answer. Generally, […]

Buying a car with a low credit score? Having bad credit means that sometime in your past, possibly as far back as seven or ten years, you have had missed or late loan payments, repossessed property or cars, or have declared bankruptcy. You may also have an excessive number of credit cards with high balances. […]

If you still owe more on your loan than your car is worth, you are upside down. You may still be able to buy another car if you are upside down on your previous loan. There are two ways to go about it. One way to buy with an upside down loan You could sell […]

Lease vs Buy? What’s the Difference? One of the best ways to decide between car leasing and buying with a loan is to directly compare the attributes of each, which we will show you in this article. We’ll tell you about how payments compare, about how fees are different, about advantages, and disadvantages. Another way […]

How to use a Lease vs Buy Calculator When you use a Lease vs Buy Calculator such as the one at LeaseGuide.com, you should understand how it works and how to get the results you want. Car leasing is a little different than buying a car with a loan. The language is different, the process […]