Thursday, October 29, 2009

Car Buying Tips


In these economic times, buying an automobile can be a hair-raising experience. Here are a few tips that may help in the process.

Consider purchasing a used car as opposed to a new one. When you drive a new car off the lot, it automatically depreciates thousands of dollars. Let someone else take that hit. By purchasing a car that's a year or so old, you still get the benefits of the manufacturer's warranty, low miles and yet a quality car. It will still be practically new, but without the "new" price tag. People often trade in cars in perfect or near perfect condition. Some trade up, some trade down. Either way, you reap the rewards.

Another way you can get a slightly used car is through the demo and program car offers from dealerships. These cars may have a few more miles, but are still quality cars at discounted prices. Rental car companies often have used cars they sell too. Think about it, when you rent a car, you want it to be a late model, clean vehicle with low miles. When the miles exceed the normal yearly average, they sell. Do your research and I'm sure you will drive away with a steal of a deal.

You can find some deals on the internet, but please be careful. Some of these deals seem too good to be true.....because they are! If you come across an offer for a late model vehicle that's offered at less than half Kelley Blue Book value, you should RUN!!

If you insist on inquiring about this car, you've most likely just become part of a scam. The seller will promptly e-mail you explaining he/she has relocated the United Kingdom and can't register the automobile there, hence, the sell. The pictures and options will blow your mind! You'll even receive the VIN number in case you opt to get a Carfax report. You'll be thinking you've stumbled on the deal of a lifetime! Next, you'll be prompted to mail $1000.00 in "good faith" to prove serious interest in the car, at which time the seller will fly to the states to let you see and drive the car.

The kicker is being asked to send $1000.00 in the sellers name, via Western Union, on behalf of an escrow company. I've researched this and learned anytime and everytime you're asked to send money via Western Union, it's a scam! Escrow companies are in no way affiliated with Western Union.

If you're wondering if this actually happened to me, the answer is yes. I was so certain I wanted this car that I had the money in my hand to pay the balance upon seeing and driving the car. Had it not been for that "gut feeling" telling me something wasn't quite right, I'd certainly be out of $1000.00 dollars.

Buyer beware of these scams and happy shopping.

No comments:

Post a Comment