Buying (or selling) a car is always a major transaction, because it involves a significant amount of money as well as legal documents for transfer of ownership and for registration. It’s hard to know how to pay, especially when you’re dealing with a private seller—because there are safety issues. When you’re buying a car, the... Continue Reading →
image credit: TRED.com We’ve all heard about how the second you drive off the dealer’s lot, your new car starts to depreciate. In fact, most cars lose 10% of their value on that first drive-off. That first year after buying a new car is a killer: the value often drops 20% or more. After that,... Continue Reading →
Buying or selling a car is a big transaction—so scammers and thieves have come up with elaborate ways to exploit the process. Here are some of the most common schemes and techniques to watch out for, and the best ways to protect yourself. Title washing You may have heard the phrase “clean title” when referring... Continue Reading →
In a country where the vast majority of us rely on cars as our primary transportation, most of us have to own one. And sooner or later, we find ourselves wondering—what’s the best way to sell a car? What should I be considering? If and when you’re trying to decide how to sell your car,... Continue Reading →
For most car shoppers, there are several parts to the buying equation. The two biggest are the car itself (which you don’t have too much control over), and the price. The price is where you have all the control—and it’s the single greatest factor that will impact how quickly you sell your car. The car... Continue Reading →
When buying a car, you always have to worry about reliability, repair costs, and your car’s condition. But do you need an extended warranty? Typically, an extended warranty kicks in after the manufacturer’s warranty ends. The goal is to stabilize repair costs that would otherwise surge at random points in time. For many, this is a... Continue Reading →
If you’re looking for bragging rights on a budget, this is the perfect list for you. In this post, I’m evaluating used cars with the most style, under the $10,000 price point. These used models blend visual appeal and power that’ll be sure to help you stand out. 1) 2003 Ford Mustang Mach 1 ... Continue Reading →
Car seller’s remorse is extremely common. In 2015, about 40 million used cars were sold in the US, a 5.6% increase over the previous year. This number is only expected to increase. So, you can at least take solace in the fact that you’re not alone (there is even a Reddit forum where people talk... Continue Reading →
Scammers are the worst. As marketplaces continue to grow their online presence, scam artists are stepping up their games (from all over the world). In 2006, it was reported that 44.9% or almost half of all consumer complaints were related to online fraud. OfferUp, a popular site for buying and selling items has made attempts... Continue Reading →
We have all driven along those long stretches of dealership road and read a sign that says, “Buy a Certified Pre-Owned Car Today!” Contrary to popular belief, a certified pre-owned (CPO) car is not just a fancy way of saying, “used”. Vehicles must meet specific criteria in order to be deemed CPO. CPO programs vary by... Continue Reading →
