- This topic has 18 replies, 1 voice, and was last updated March 19, 2007 at 8:39 pm by .
- March 19, 2007 at 8:39 pm #251327Guest
First…go to http://www.kbb.com to investigate prices of used vehicles. This
website is the one used by car dealers to determine the value of used cars.
Used cars have two different values…retail and trade-in. When you buy
from a dealership expect to pay retail for the car. When you buy from an
individual you would pay somewhere between the trade-in and retail.
Definetely investigate the price of the car at this website before buying.
If you can find a car that has been on a dealer’s lot for an extended period
of time you will get a better deal…many dealerships will sell these cars
at a loss because it costs them money to keep it on the lot. Its possible
to pay less at a dealership then through an individual but it may involve a
bit more looking around. Also if you purchase from an individual make sure
you have the car inspected by a mechanic BEFORE purchasing so you don’t get
any surprises. When purchasing from a reputable dealership you are
guaranteed a car in good condition but you don’t have that same guarantee
from a private party sale.
If you have any other questions, my husband is in the car business so we’d
be happy to answer them :o)
University Of North Carolina – Chapel Hill
Neurobiology PhD Program
1 Cross + 3 nails = 4 giveness
>From: “Pat” <email@example.com>
>Subject: Budget101.com : Buying a used vehicle
>Date: Mon, 19 Mar 2007 20:39:25 -0000
>I am looking for a used vehicle to replace one that was involved in a
>wreck. The one involved in the wreck is a 1982 chevrolet full size
>truck. I can still drive it; it has been wrecked on one side all the
>way down. The insurance company made it a salvage vehicle. I will be
>getting around $10,250.00 from the insurance company. I have no
>experience buying a used vehicle. The ones we have have been passed
>down from family members. I will have only the money from the insurance
>company ($10,250.0) to buy a vehicle and plan to pay cash for it. I
>have no extra money to make payments. Is it better to buy from an
>individual that owns the vehicle he is selling or to buy from a car
>dealer? Will the car dealers give you a discount for paying cash and
>how much would the taxes, etc. I would have to pay extra for from a
>dealership? I live in N.C. Any advice anyone can give me will be
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