Carvana/Carmax - buying a car
3katz4me
2 years ago
Featured Answer
Sort by:Oldest
Comments (22)
mtnrdredux_gw
2 years agotishtoshnm Zone 6/NM
2 years agoRelated Discussions
Selling car by owner, then buying a car by owner
Comments (13)Funny stories about different transactions. Bill_h, I'm glad to read that in the Motor City, it's somewhat of a free-for-all. It just seems appropriate, being the home of the U.S. auto industry. One thing that can work well for selling a car -- if you're replacing it with a new or used car from a dealer -- is what dealers around here call a "courtesy trade." You and the buyer of your car agree on a price as usual, then you and your buyer go together to the dealer where you're buying your new car. The dealer shows your old car on the sales documents as a trade, with the value being the price the buyer is going to pay for it. This saves you on sales tax in many states. The buyer then purchases the car from the dealer for that price. I know of many dealers who will do this for free, as a service to the person buying the car from them. A few charge the buyer a standard "paperwork" fee. They're willing to do it even though they make no money on the sale of the trade because it can help you buy the new car, since the buyer is presumably giving you more for it than the dealer would have....See MoreOT: Certified Pre-Owned Cars
Comments (18)I will say that in the "which is better, Honda or Toyota" question, they are both pretty much equivalent. I have a 2001 Honda Accord with 105k miles on it that was NOT maintained by my husband (when he was the one primarily driving the car). I made sure that the major services were done every 15k miles but he never did intermediate oil changes. Even being abused such as it was, I STILL get 30mpg highway and even though I do have to throw a quart of oil in between oil changes and have never had a non-wear related problem with it. Ever. I would guess that if it were property maintained I would not even have to throw in the oil every 1500 miles. Toyotas are similar and honestly I would be extremely comfortable recommending either one to anyone. The whole discussion reminds me a little bit of those bumper stickers I'd used to see along the lines of "I'd rather push a chevy than drive a ford" etc. I know people have extreme brand loyalty sometimes but they are both very very very good and reliable cars (I would also add nissan and mazda to the list btw, they might be a tiny bit less reliable over a large sample set than honda and toyota but they are still very very reliable cars). I have also heard that Hyundai of the last few years is what Honda was when it first came out... extremely reliable and extremely economical with a lot of bang for the buck. Honda is still extremely reliable but you will pay for it (both new and in higher retained resale value, same with Toyota). All that said, my BIL is in the used car business and has lots of friends in the new car business too. I will probably never drive a new car again because of it - he just has access to too many resources and no matter what kind of a deal I have been able to track down for new, he has always been able to blow it away with used. But even without someone like him as a resource, he does have a few "tricks" that have yielded very good results. He does buy most of his cars privately and through auction but there are times when he will go to a dealer to purchase a car also... usually when he is trying to track something specific down for a family member. Here are the things I have picked up over the years. 1) get the carfax report. Make sure the car has clear title and few owners (1-2 depending on age of the car.. if a car has changed hands many times it is usually an indication of annoying problems). Many carfax reports will list the dates of services performed if they were performed at the dealer... although I have seen many that don't show anything about service either. If it's not reported it doesn't mean it wasn't done but if it IS reported, it's great for peace of mind. It will also list any open recall items and remaining manufacturer warranty. He doesn't buy anything without checking the carfax. The other thing it will tell you is the date of all of the title transfers, including the transfer to the dealer - so you can see how long the dealer has had it. If it's over 90 days chances are good they will be willing to deal... they don't like holding cars much longer and will likely be putting it in the auction soon to get rid of it, where they will have to pay to insert it and will probably not get all that much over trade in value... why not save them the hassle by buying it (then they will at least be able to get doc fees off of you too)? If a car has been sitting at the dealer for a while you can really go for the jugular in dealing price and maybe get it for $500-1000 over dealer trade in values. 2) Don't go to a toyota dealer if you want a used toyota. You will pay the highest prices there and really they will be trying to convince you to just buy new anyway. I've been looking to replace my accord, maybe with a subaru and you would not believe the crappy junk they had there at ridiculous prices and for everything i looked at he just kept telling me how much better a deal the new cars would be (although agreed that things are weird because of the japan situation, they can't get subarus either). The BEST place to buy a used car, especially in the "average person price range" is, believe it or not, at a luxury car dealer. People trade in their newish mid priced cars (hondas, toyotas, hyundais etc) all the time for upper end cars when basically they realize that their car that was reviewed as being the poor man's bmw is still a poor substitution for an actual luxury car. Luxury car dealers take them in as trades to make the sale obviously, but they are not really in the business of selling used hondas and toyotas... it seems to be easier to get a deal there because they just want to get rid of the things. Even better if they are holding the car upward of 90 days. The other nice thing about buying from dealers like that is that their detail shop does not discriminate based on the type of car... if you want a used car that has been put as close back to new condition as possible, the luxury car dealers are the place to go. We bought a 2008 hyundai santa fe from an import dealer (they deal in bms, mercedes, aston martin, rolls royce etc) and the thing was immaculate (both mechanically and cosmetically) and because they had been holding it for 90 days we got it for pretty much $500 over what they paid for it (including the mechanical work they did like new brake rotors and tires etc). Now my BIL bargains like no one's business but I would think that if you say "i see on the car fax that you have had this car for a while, what's the best you can do on it?" that you will find them ready to deal. 3) Don't forget the "hidden costs" of buying a used car... like the replacement of wear items (like tires, you can easily spend $1k on new tires) or major services that may be soon required. It will be less expensive to buy a car at say 105k miles that has had the timing belt and water pump changed (for cars that require that) than a car with 95k miles that will require it very very soon. That only really applies for older used cars and I think the OP is talking newer cars but I figured I'd throw that in for completeness. Anyway, good luck! I am looking to trade up my accord a little bit too (tired of driving manual, tired of burning oil) so I'm back on the hunt myself (and want to pay cash as well)....See MoreNegotiating a new car purchase - any tried & true tactics?
Comments (95)Right on, gscience! There's a whole world of auto enthusiasts out there filled with good, helpful folks who are passionate about cars and want to share their knowledge and experiences with others. Autocross looks like an absolute blast as well. This sort of thing is probably in my DNA though, having been raised by a father who was never without a fast car (he raced for a time), and even as an octogenarian drives a collector's Porsche. It's a rewarding (albeit expensive) hobby and I think most people understand that (or at least understand when they DON'T understand and refrain from dissing something they're ignorant about). ;)...See More? for those who’ve sold a car before...
Comments (53)I rode along with the potential buyer. That was helpful because I could supply questions he thought of while test driving. Car salesmen at dealers often ride along or they hold your driver's license. If are selling a motorcycle, a ride-along may not be practical; Holding the person's driver's license may be an option. Make sure that the data on the license matches the person. Obviously, the photo should match, but look at the height, weight, and hair or eye color as well. It could be a stolen license with a doctored photo. If the sale is agreed to by both parties, there is one more item that should be done and is most often skipped. Before you release the title to the buyer, have him sign a dated note stating that he bought the vehicle from you. Put a description of the vehicle on the note: Make, year, model, color, number of doors, VIN number, etc. A witness signature, not usually made, can strengthen this document. Why do this? To have proof that you sold the car. That can come in handy. I saved my nephew a lot of aggravation on the sale of an auto by doing this. He lived in one state and was selling his car to person who lived in the adjoining state. It was an extra car on his farm he did not want and sold it at low cost to a person (an in-law to our family) who needed the car. The low-life buyer failed to register the car with his state and plied up a batch of parking tickets. After 4 to 5 tickets, the police traced the car back to the former owner and sent him the bill for the parking tickets. Since the car had not been re-registered, it bore its original license plates. At that point, my nephew was able to send the entire package back to the police department with a copy of the note stating it had been sold. He also told them who the new owner was and his address. This document is useful for other cases. The car could have been involved in a hit-and-run, a robbery, or other nefarious actions. Before the sale, make a form with fill-in blanks and a space for additional comments. This helps to record detail that might be forgotten during excitement of the transaction. Design the form so that you can use it for other sales. Keep the master copy and use copies....See Moregsciencechick
2 years agostraitlover
2 years agolast modified: 2 years agogsciencechick
2 years agoarcy_gw
2 years agogsciencechick
2 years agomaddielee
2 years ago4Heidesign
2 years agomtnrdredux_gw
2 years agoTina Marie
2 years agomtnrdredux_gw
2 years agoTina Marie
2 years ago3katz4me
2 years agoTina Marie
2 years agolast modified: 2 years agogsciencechick
2 years ago3katz4me
2 years agodedtired
2 years agoarkansas girl
2 years agogsciencechick
2 years agonicole___
last yearlast modified: last year
Related Stories
DECORATING GUIDES'Dracula' Silk Wallpapers Prove a Feast for the Eyes
If you've been drinking in the NBC show's sumptuous sets, this scoop on that gorgeous silk wallpaper will hit the spot
Full Story
graywings123