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Buying a Used Car
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Honda Civic And Accord
There are two names that define Honda cars more than any other: Civic and Accord. Sure, newer models have sprung up including the CR-V, Element, Insight, Ridgeline, Odyssey, and more. Yet, it is
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Upgrading And Customizing The Honda Civic
The Honda Civic is one of the most popular and successful car models in the world. Many people regard the Civic as a good value for money, offering a combination of excellent performance, fuel
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Make Your Used Car Stand Out From The Crowd Now
New cars are our everlasting addiction. We never can seem to get enough of them. We work hard and save up money just so we can buy a new car, in the mistaken hope that it is a wise investment.
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How
to Buy a Used Car
Buying
a used car especially for the first time can be a nerve racking
experience. We have all heard the stories about disreputable used car
sales people and the tactics they use to close the sale.
To be
fair though most used car sales people are honest and want you to be
happy with your purchase. They want you to come back the next time and
maybe even recommend them to a friend for their used car too, so
looking after you is in their own best interest.
There
are Many Venues to Buy a Used Car
Beyond
the used car yard though there are many other ways for you to buy a
second hand car. There are private sales by the owner, ex-fleet or
government vehicles from an auction, or even on the internet for that
matter on websites like eBay.
The internet in fact has not made
buying a used car more perilous, it has made it much, much safer. With
so many places to get information on a used car online the chances of
your paying too much for your car are far less than they would
otherwise be. The caveat here is you do have to do a little homework.
The
last few used cars I have owned have all been sourced at auctions. The
cars were “Repo’s” (repossessions) by finance companies. Taken from
people who for one reason or another could no longer maintain the
repayments for their car, the result being the finance company taking
them back as a repossession.
Want
tto Buy Your Next Used Car Wholesale
As
much as I feel sorry for these folk, their misfortune with their motor
vehicle financier is to advantage. These reposed cars are
usually
in excellent condition with good mileage. Because of the nature of
their resale though, they are not popular with most people who are in
the second hand car market. That means that these kinds of used cars
are available at very low prices – wholesale in fact.
Most
people will shy away from auctions and this is where most repossessed
vehicles are sold. As a rule the vast majority of people are a little
scared of the car auction process fearing that
somehow they may get ripped
off. The result is a missed opportunity to buy cars (and many other
things besides) at a considerable discount.
My
Car Auction Secrets Revealed
I
have been going to all sorts of auctions for years now and I admit in
the beginning I felt apprehensive too. My introduction to the auction
process was as a software developer some 15 years ago when many auction
houses were computerising their operations. So as a result I spent a
lot of time working on the inside and got the low down from experts in
the field, which invariably led to my participating on the outside as a
bidder.
During this time I developed some simple ground rules
that I think take all the guess work out of using an auction as a
viable means to getting a great deal on a used car. They make the whole
process that much safer and are described below.
I hope you will be able to use some or all of these rules to help you
get a great deal on your next used car too.
Pick
a Style of Car Not a Make & Model
First
of all I decide what I am after. By this I usually try to avoid a
picking a particular make or model of used car. Instead I prefer to
look for a style of vehicle. For instance my last purchase, I was
looking for a small sedan, one in good to great condition, it had to
have 4 cylinders (for fuel economies sake) and have a manual
transmission. I also wanted a car that was less than 4 years old.
The
auction I attended on this day, I had been through the auction
catalogue online and determined there were about 6 cars that matched my
criteria. I bid on the first three cars without making a purchase, they
all sold above my price limit, and once I reach that limit I stop cold
(that’s my second rule, set a maximum price and stick to it). As the
forth car came up for auction I noticed there was far fewer people
bidding, I usually wait before I bother to bid to have a look at who
else is interested.
How
to Spot a Car Dealer At Auction
If
the car is being bid on only by used car dealers, the chances are good
that you will be able to snap up the vehicle at a price at (or very
close to) the wholesale price. Car dealers of course want to be able to
on sell there purchases at a fair price so they too will only bid up to
what they consider a realistic price. The dealers are easy to spot
because of the volume of cars they buy.
Too many people
who make the effort to go to an auction looking for a car make the
mistake of choosing only one car, one particular vehicle, and that’s
bad. This means they may get into a bidding war with someone else
interested in the very same car and as a result will pay way too much
for their used car and be disappointed, or get the car they wanted and
pay too much…
The idea here after all is to buy a used car at a price less than you
would pay in a car yard or a private sale.
Pay
Only 33% of the Street Value Of Your
Next Used Cars - Leagally
In
the example I used above, the car ended up buying came in under my
budget limit by about $500. When I insured the car the agreed
value with my car insurer was a little less than 3 times what I had
paid… Now do you know why I go to car auctions for my used car
purchases!
I hope this brief insight into how I buy at auction
helps you to procure a used car of your choice at a price way better
than the average bear in the woods will ever get. Contained in this
used car awareness guide website there are many other reports and
resources for you from other savvy used car experts that I hope will
take the fear out of your next used car purchase.
Happy Used Car Hunting!
We strive to provide only quality articles, so if
there is a specific topic related to used cars that you would
like us to cover, please contact us at any time.
And
again, thank you to those contributing daily to
our used
cars
website.
TheTeam@awareness-guide.com
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For Stopping by...
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