Why Is This Used Car So Cheap
Buying a used can some times be a challenge. Can I trust the person that I am buying from? How do I know if it is a good deal? Am I paying to much for this car? These are just a few of the questions that run through our head as we prepare to buy that used car. We also want to get the best car for the money. I am sure that we have all run into the used car ad that has an incredibly cheap price on it. Is it to good to be true? Good question!
The first thing that we need to remember is that people like money, and they don't normally give things away to strangers. If you find a used car that seems to be priced way to low then there is a good chance that something is wrong with the car. In a situation like this you don't want to buy the car no matter what!
The first place to look is the title. The title is designed to keep all the major details of that specific car. If it has been totaled it will state that very clearly on the title. So, you should always ask the owner to see the title of the car even before driving it. If there is some reason why they don't have it with them, or they can't find it but will get it to you when you pay for the car; be very careful!
You also need to be ware if the owner tells you that he lost the title of the vehicle so he has gotten a new one. This can be done to eliminate the salvaged title, or hide a high amount of miles on the car. When the title is unclear or looks clean but you are still unsure then resort to the next step of inspection.
When I was younger I can remember buying a truck that was a lemon! I didn't take the proper precautions and I lost some money in the deal. I was suspicious of the truck from the beginning. The miles were extremely low for the amount that the seller was asking for. I wanted the truck though, so I just listened to the words of the seller, "it is a little dirty, that is why it looks so used". I know, I know, I should have walked away right then. Used, really used, normally equals lots of miles. But as I said, I was fooled in the desire to have a new truck.
I enjoyed the truck and had no major problems with it for a few years. Then I thought it was time to retire from a truck and get a car. So, I listed the truck hoping to get a good amount of money for it. To my surprise, the first interested person bought the truck. Yep, he took the VIN and told me he would be back within 48 hours to give me a check. That was easy!
Oh how quickly the story changed. Two hours later he called me back and informed me that he could no longer buy the truck. I was perplexed! He went on to tell me that he checked online and the vehicle with that VIN actually had over 100,000 miles. That's right a mechanic registered it online when it was just about to turn 100,000 miles and now I was stuck with a car not even worth what I owed on it. The buyer was still interested to buy the truck but for half of the asking price!
What did I do? I took the hit. I lowered the price and told people that I wasn't for sure if the miles were accurate or not. It took much longer to sell and I didn't get nearly the money that I had expected. I also was a little mad at myself for not checking the VIN online myself before buying the truck. Oh well, live and learn right!
If you are unsure about the car you are considering buying then checking it out online. This is the whole purpose of the VIN and it can be very helpful to you. Even if it costs you some money to get a report, it can save you a lot in the future.
So, remember this as you continue on your used car search. If you find a deal that is to good to be true, then it normally is! I'm not saying that you can't find good deals, but these deals normally come from someone that you know and can trust. Not from an ad in the paper. I hope that you do find your dream car, and happy hunting!
The first thing that we need to remember is that people like money, and they don't normally give things away to strangers. If you find a used car that seems to be priced way to low then there is a good chance that something is wrong with the car. In a situation like this you don't want to buy the car no matter what!
The first place to look is the title. The title is designed to keep all the major details of that specific car. If it has been totaled it will state that very clearly on the title. So, you should always ask the owner to see the title of the car even before driving it. If there is some reason why they don't have it with them, or they can't find it but will get it to you when you pay for the car; be very careful!
You also need to be ware if the owner tells you that he lost the title of the vehicle so he has gotten a new one. This can be done to eliminate the salvaged title, or hide a high amount of miles on the car. When the title is unclear or looks clean but you are still unsure then resort to the next step of inspection.
When I was younger I can remember buying a truck that was a lemon! I didn't take the proper precautions and I lost some money in the deal. I was suspicious of the truck from the beginning. The miles were extremely low for the amount that the seller was asking for. I wanted the truck though, so I just listened to the words of the seller, "it is a little dirty, that is why it looks so used". I know, I know, I should have walked away right then. Used, really used, normally equals lots of miles. But as I said, I was fooled in the desire to have a new truck.
I enjoyed the truck and had no major problems with it for a few years. Then I thought it was time to retire from a truck and get a car. So, I listed the truck hoping to get a good amount of money for it. To my surprise, the first interested person bought the truck. Yep, he took the VIN and told me he would be back within 48 hours to give me a check. That was easy!
Oh how quickly the story changed. Two hours later he called me back and informed me that he could no longer buy the truck. I was perplexed! He went on to tell me that he checked online and the vehicle with that VIN actually had over 100,000 miles. That's right a mechanic registered it online when it was just about to turn 100,000 miles and now I was stuck with a car not even worth what I owed on it. The buyer was still interested to buy the truck but for half of the asking price!
What did I do? I took the hit. I lowered the price and told people that I wasn't for sure if the miles were accurate or not. It took much longer to sell and I didn't get nearly the money that I had expected. I also was a little mad at myself for not checking the VIN online myself before buying the truck. Oh well, live and learn right!
If you are unsure about the car you are considering buying then checking it out online. This is the whole purpose of the VIN and it can be very helpful to you. Even if it costs you some money to get a report, it can save you a lot in the future.
So, remember this as you continue on your used car search. If you find a deal that is to good to be true, then it normally is! I'm not saying that you can't find good deals, but these deals normally come from someone that you know and can trust. Not from an ad in the paper. I hope that you do find your dream car, and happy hunting!
About the Author:
To find the right used car for you check out http://findhotcars.com where they have a large selection of Used Sports Cars as well as a huge selection of all makes and models.
posted by Frank Potter at 11:37 AM
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