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