Brooke Crum Springfield News-Leader Published 11:38 p.m. UTC Jun 27, 2018 Shopping for a car can be stressful, but shopping for a used car is probably even more difficult. While used cars tend to be cheaper, they come with many potential pitfalls. What's the vehicle's history? Has it been wrecked? Has it been properly maintained? The Better Business Bureau recently released some tips on how to buy a used car. The News-Leader compiled that information alongside recommendations from a used car dealer. BBB highlights a few things to do before buying any car, new or used: set a budget, research models, compare prices, choose a warranty and know how you will pay for the car. Where to buy your car Even more than with new vehicles, you have many options on where to buy a used car. New and used car dealerships typically sell used vehicles that have been rigorously inspected. Sometimes they offer warranties, as well, which you won't get from a private seller. BBB recommends … [Read more...] about How to get the best deal on a used car (and not get scammed)
Insurance when buying a used car
(BPT) - With graduation season and summer break upon us, many parents may be on the hunt for a new car for their graduate. Memorial Day deals offer some of the best incentives of the year, so it's crucial to know how to navigate what can be an overwhelming and exhausting process.“USAA helps members find, finance and insure vehicles that are right for their personal needs and financial goals,” says Heather Pollard, vice president of Auto Experience at USAA. “We want to avoid you ever having to regret your purchase decision, or worse, lead to financial hardships where you can no longer afford to keep your vehicle.”If you are one of the millions of Americans looking to buy a car, here are the five things you need to know before you step foot on a dealer’s lot. Know what you can afford.The first and most important question to answer before launching into the car-buying process is “how much can I afford?” Figuring this out will help you determine … [Read more...] about 5 tips when buying a car for a teen
At first, dumping your old car might seem like a no-brainer — and you can't help picturing how good you would look in that new car. But automotive experts say you'll almost always come out ahead by fixing old faithful. There are, however, other important considerations when deciding whether it's time to say farewell."Even though the repair cost might hurt, you really have to think about buying a new car as a tremendously more expensive proposition," says Jim Manelis, head of direct lending for Chase Auto Finance.At the very least, for a reliable used car, expect to spend a minimum of $2,000, plus tax and registration fees, says Mark Holthoff, editor at Klipnik.com, a community website for used car enthusiasts. Depending on the severity of your car's problems, "You can buy a lot of repairs for that kind of money," Holthoff says.Of course, there does come a point when it isn't worth pouring money into a beater."Start with the scale of the repair," Manelis says. "Is it a $1,200 fix … [Read more...] about Should you fix the old beater or buy a newer car?
You're feeling really good that you just negotiated a low price on your new car when the salesman ushers you to the finance and insurance office. Be careful. This is where you could give away all the savings you just achieved. The salesman in the F&I office, as it's known, will pitch you on buying an extended warranty at $1,000 or more to cover repair expenses after your new car warranty expires. Just say no. Any extended warranty won't go into effect until your factory warranty has expired -- usually three years. And the extended warranty won't cover items excluded by your original coverage. A Consumer Reports survey of its readers showed that 55 percent of people who bought extended warranties never used them. And those who did use them got reimbursed an average of $837 for necessary repairs vs. the average of over $1,200 paid for the extended warranty. In recent years, regular warranties attached to new cars have improved significantly. In place of the traditional … [Read more...] about Should you buy a new-car extended warranty?
Last Updated Mar 17, 2011 1:42 PM EDT When it comes to buying a used car, reliability matters. Three-year old used cars have again gained in reliability vs. preceding generations, according to the just-released J.D. Power and Associates 2011 Vehicle Dependability Study. Looking at 2008 models, the survey found the lowest rate of problems since the study began in 1990. Also in a first, Ford Motor Co.'s Lincoln brand led all nameplates for fewest reported problems among 43,700 original owners of three-year old cars. Lexus, Jaguar, Porsche and Toyota rounded out the top five. Overall, domestic brands have been closing in on imports in this ranking but still trail. General Motors' Buick (seventh) and Cadillac (ninth) made the top 10 in the rankings. Ford ranked 12th, just above the industry average. Complaints now tend to focus on electronic features involving audio, entertainment and navigation and new safety systems, the Power researchers found. "Automakers as a whole have made … [Read more...] about Used Cars: J.D. Power Ranks the Most Reliable Models
If you are shopping for a used car, buy it now for the best deal. That's the word from analysts at Kelley Blue Book, who say you could pay 4 percent to 6 percent more for that car if you wait for the first three months of 2012. Used car prices went for a roller-coaster ride in 2011. With gas prices hitting $4 a gallon early in the year plus shortages of some new cars resulting from the Japanese earthquake and tsunami, used car prices surged. High-MPG cars rose especially quickly; shoppers were eager to boost their mileage and cut gas costs. But after peaking in June, gas have fallen back below $3.50; used car prices overall are down 10 percent; and those for high-MPG cars have plummeted by 20 percent. Hottest new small cars for 20125 used cars NOT to buyGas Price Relief: New Honda Cheaper to Drive Good deals abound now in this low-demand period when most people focus on shopping for holiday gifts instead of cars. But that traditionally changes with the start of a new year and … [Read more...] about Why next year’s too late to buy a used car
(MoneyWatch) Despite strong new car sales, more shoppers are also considering certified used cars. AutoTrader.com, the largest web site for car ads, reports that five percent more visitors to the site checked out certified cars in April than at the start of this year. When do certified used cars make financial sense? With used-car values overall at near-record highs, you have to shop carefully. But if you can get a carefully inspected vehicle with a manufacturer-backed warranty for at least $5,000 less than a new car or monthly payments close to $200 lower, it is worth consideration, says AutoTrader.com editor Brian Moody. For most brands, certified used cars involve cooperation between manufacturers and their dealers. The dealers select relatively low-mileage cars, often returning from three-year leases. Then they give those cars a detailed inspection as stipulated by the auto makers. Certified cars usually carry a new warranty backed by the manufacturer. 5 used cars NOT to … [Read more...] about When are certified used cars a good deal?
Most car shoppers know that a used car can be a fantastic value. In the long run, a used car will usually cost less than a new one, and it will virtually always be cheaper than leasing a car every three years. As practical as it is to buy a used car, it can also present an opportunity to get a little fancy. This is where "cousin cars" come in. Cousin cars are vehicles that are produced by one parent company and offered in two versions: one for the luxury buyers and the other for the masses. But because luxury vehicles tend to depreciate more quickly than everyday cars, the price difference often narrows as the cars age. The upshot is that if you shop for an upscale used cousin car, it is often possible to get it for a price that's close to that of its more mundane relation. Some cousin car pairings include the workaday Toyota RAV4 and the luxurious Lexus NX, the fuel-efficient Honda Civic and the sporty Acura ILX, and the commodious Ford Flex and the fully appointed Lincoln MKT. Here … [Read more...] about Before buying used car, consider luxury alternative
Most car shoppers know that a used car can be a fantastic value. In the long run, a used car will usually cost less than a new one, and it will virtually always be cheaper than leasing a car every three years.As practical as it is to buy a used car, it can also present an opportunity to get a little fancy. This is where "cousin cars" come in.Cousin cars are vehicles that are produced by one parent company and offered in two versions: one for the luxury buyers and the other for the masses. But because luxury vehicles tend to depreciate more quickly than everyday cars, the price difference often narrows as the cars age. The upshot is that if you shop for an upscale used cousin car, it is often possible to get it for a price that's close to that of its more mundane relation.Some cousin car pairings include the workaday Toyota RAV4 and the luxurious Lexus NX, the fuel-efficient Honda Civic and the sporty Acura ILX, and the commodious Ford Flex and the fully appointed Lincoln MKT.Here are a … [Read more...] about Edmunds: Before buying used car, consider luxury alternative
Seniors vs. Crime is a special project that uses the force of the State Attorney General’s Office and volunteers to help educate and protect seniors from harmful activity. On the first Tuesday of the month, we will highlight real cases that could help you and your family avoid scams. Getting ready to buy a car? Read this first. Flood-damaged vehicles from Houston and other flooded Gulf Coast areas will eventually make their way into the nation’s used car market and be offered for sale as perfectly good vehicles, according to a number of industry experts. “Oh, absolutely. Are you kidding? No question about it,” said Frank Scafidi, director of public affairs for the National Insurance Crime Bureau, a suburban Chicago-based nonprofit organization established to fight insurance fraud and crime. Here’s one scenario describing how the fraud might work: Someone purchases a flood-damaged vehicle. The vehicle’s title legitimately says the vehicle is … [Read more...] about Seniors vs. Crime: Watch for flooded vehicles on used car market