Tag Archive | "why buy new"

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Should You Trust a CARFAX Report?

Posted on 28 April 2009 by The Don

We sometimes fear what we don’t know, especially when buying a used car. What if its been in an accident, what if it was abused, what if it had numerous problems and the owner just dumped it? These are all questions that usually keeps people away from buying a used car and rather makes them pay more money for a new one. There are ways however one can educate themselves on a particular vehicle and save themselves money.

Most of you have guessed it, the first step is the more mainstreamed one and the most famous: CARFAX. It is well known that CARFAX has set itself as the leader in automotive report but there are some things you should know about CARFAX.

  • It does not know everything
  • It doesn’t always know about smaller fender benders
  • It wont always know about service records
  • Ownership is not always accurate

Those are simply some small flaws that the system has but are no biggie, as there are other ways besides CARFAX that you can educate yourself on your next purchase. AUTO CHECK is well know for catching the small items that CARFAX sometime misses and is a good addition to your reporting.

The final steps you should take is obtaining the service records for the car by simply calling the dealership (any of the same make), giving them the VIN and understanding the previous owner’s commitment to maintaining his car. Once that has been established, simply visually inspect the vehicle to make sure no panels were repainted; look for screws and bolts having been removed and replaced around the inside of the fenders and bumper by opening the hood and trunk areas, also look for aligned doors and panels.

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Why You Should Never Buy a New Car

Posted on 11 January 2009 by The Don

Many people have major fears of buying a used car, they will walk in a dealership and simply go for a new car. Well, lets look at why some of us get to drive BMW, Mercedes and Audi for the price of your Toyota Camry.

Here are some facts you should know before we discuss why:
- American cars hold the worst resale value
- Aftermarket warranties are not as effective as manufacturer’s warranties
- Car depreciate for a total of five years, no matter the miles
- After five years, it becomes a cash car, and mileage does matter
- 0% financing deals are simple lies that save you nothing in the end
- Dealers make money from all ends: the car, financing, warranty, etc

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