Car Buy / Sell

Tips for Selling Used Car

How much you get for a car depends on how fast you want to sell it.
Most people sell their car to buy another newer and better one. The seller usually wants to sell and use the money for partly financing his new car. Just like many other car owners, you probably cannot live without the convenience of having a car at your disposal. You have made up your mind on which new car to buy and are getting impatient to own it. Selling your car in this manner would be as bad as any other distress sale....you always end up getting lesser.

Used Car Dealer
Most used car dealers offer you 'Spot Payment' for your car, however these deals are good only for those who want immediate liquidity. You get money on spot - but at a cost. The Dealer discounts your cars value by a substantial amount and you get much lesser than what you could have got if you had more patience.

Classified Advertisement
Newspaper classifieds are quite popular. Pick up any newspaper and check out. Although most advertisements are by dealers who sometimes even pose as individual sellers you can find a lot of sellers advertising in newspapers. Advertising your car is a good way to sell your car as the buyer can contact you directly and you save on the cost of an intermediary. The process can be longer and cumbersome as the responses are mostly by telephone. You also have to be patient and understanding as the buyer may want to make a thorough inspection.

Tips for Buying Used Car

How much could you afford?
Before you begin your search for a good deal on a used car, spend time considering many of the same factors that would apply to a new car purchase: how will you use the vehicle; how long do you plan to keep it; and your budget for the purchase, including insurance, operation, maintenance and repair costs.

What Car should you buy?
Decide what car best suits your lifestyle and image. Since you could probably be owning and using the same car for many more years, you need to anticipate future needs and lifestyle changes. Today you could easily consider buying a mid-sized car as these cars are available at great bargains. Narrowing down your dream list is a bit more difficult for used cars than new cars because there are so many more used vehicles. Talk to friends or acquaintances who drive cars that appeal to you; word of mouth is often one of the best ways to gather information about reliability or quirks of certain cars.