| When you consider depreciation factor buying | | | | miles, its buyers beware and having learned |
| a brand new vehicle could be as high as 30% | | | | the steps in the buying process that will |
| the first year from what you paid out the | | | | steer you away from lemons, there will be |
| door, buying a use vehicle becomes an | | | | many good buys but also a fair amount that is |
| attractive option subject to buyer having | | | | not. |
| done proper homework getting valid value and | | | | |
| not ending up with a lemon parked in the | | | | Here are some answers as to how these lower |
| driveway. | | | | end cars end up on at non franchise car |
| | | | lot...a franchise dealer will wholesale or |
| A well maintained 1 to 4 year old used car | | | | take to auction any trade-in vehicle that |
| kept for a few years will give you just as | | | | don't meet their strict recondition program |
| good service as a new car for about half the | | | | and smaller type car lots will bid on these |
| price, anything older generally requires more | | | | inexpensive vehicles |
| costly maintenance. | | | | |
| | | | Buying Private |
| Used cars from about $ 25,000 and less | | | | |
| depreciate about $ 2500. a year while cars | | | | Buying private is buying AS IS and you must |
| higher in value will have a much higher | | | | take vehicle for an independent inspection, |
| depreciation factor. | | | | if seller wont allow prior to purchase you |
| | | | walk away, buying private there is no |
| If your considering financing a good rule of | | | | recourse, many consumers make the mistake |
| thumb, if you make a down payment around 20% | | | | having purchased AS IS only to find cost of |
| on a used car, in most cases that will cover | | | | recondition added to purchase price made it a |
| depreciation factor the first year, should | | | | bad deal... |
| you want to trade you most likely will not be | | | | |
| in a negative situation. | | | | Buying from Public Auction |
| | | | |
| Franchise Dealerships | | | | Unless you really know what your doing be |
| | | | cautious many of these vehicles will be |
| Consider yourself lucky if you happen to be | | | | entered by Curbside rs and wholesalers not |
| at a dealership at the time a trade has just | | | | licensed to sell public. |
| arrived that meets their requirements and | | | | |
| available for under $10.000. a franchise | | | | Here you will find many inexpensive vehicles, |
| dealer will not purchase cars for re-sale | | | | i strongly recommend buyers stay away from |
| under $ 10.000. their main concern is having | | | | public auctions unless they really have the |
| a high profile in the community, customer | | | | experience, the law of average is not with |
| satisfaction, repeat business and a warranty | | | | you. |
| available with every car. | | | | |
| | | | YES |
| Non Franchise Dealerships | | | | |
| | | | All dealers buy from an Auction but not the |
| There will be great selections under the | | | | same as a public Auction...these two type |
| $10.000 range at non franchise dealers, small | | | | auctions are about as far apart as heaven and |
| corner lots, buy here pay here type dealers, | | | | hell. Some public Auction advertisements says |
| it becomes more risky as your most likely | | | | NO DEALERS ALLOWED... that statement alone |
| dealing with older model years with high | | | | should make buyers stay away.. |