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Tips for buying, selling, and pricing used cars and avoiding scams

Strategies for selling your used car, best used auto classifieds sites such as UsedCars.com, Cars.com, CarsDirect.com and Car.com where the world can see your used car classified ad. After you read our used car classifieds tips here, be sure to read both our used car guides:

Successful people sell their cars online. Millions of people see your ad, out of state buyers may be moving to your city looking for a car. With online auto classifieds, enter a used car you want and they list all models with your selected options. Newspapers have limited coverage. Use online used auto classifieds so the whole U.S. sees your car. Pick car classifieds with money back guarantees if your car does not sell, or use one that keeps your listing until your car sells. Some buyers drive across states to buy your car, and drive it back home. Use these sites below to sell you used car, or buy your next used car.

Online Used Car Classifieds To List Your Used Car For Sale
Savvy consumers search for used cars online at car buying sites such as UsedCars.com, Cars.com, CarsDirect.com and Car.com. Sell your car there and you'll get much more for your car than trading it in, because you'll sell it at market value, which is $2000-$6000 more than trade-in value. One Mercedes dealer offered my sister $6000 below market for her E Class, wanting her to pay MSRP on a new Mercedes. Here's our review of the major players:

CarsDirect.com will help you Sell Your Car Fast by showing your ad to millions of car buyers every month.

How It Works: It's easy. Enter your car info, upload a photo. Pay for the ad online with your credit card. You can edit or extend your ad any time for no extra charge.

Favorite Features: Run your ad until it sells, edit your ad any time for free. Your ad gets preferred placement in CarsDirect.com premium used car listings. More cost effective and easier than advertising in the newspaper.

Cars.com gets over 10 million unique visitors a month, plenty to see your ad. Your online-only ad with photo appears on Cars.com and over 175 affiliated websites. Cars.com has over 2.8 million listings.

How It Works: I highly recommend it, now buyers can see how good your car looks on the inside.

Favorite Features: Premium ads runs for 60 days. Renew your ad for free. Includes 12 pictures, free vehicle history report, money back guarantee and hit statistics reporting. Good search for a used car from private sellers, used cars from used car dealers.

I highly recommend that you place an ad in an online site. By posting to both, you pretty much have the internet covered.

FACT: Your strategy is to blitz the media and let the world know you have a great car for sale. You'll almost always get more for your used car by selling it yourself privately, than trading it to a car dealer. If your car is 4 years or younger, the dealer will give you $3000 less than fair market value for it, because they have to dump it on the wholesale market. If your car is over 4 years old, banks won't finance it, so it's worthless to dealers, they will only give you a heart breaking 25% of fair market value!

TIP: Give yourself a budget of $75 -$100 to sell your car. The world is not beating a path to your car so you have to beat a path to the world. Spend more than just the usual one week $35 newspaper ad to sell it. Very few frustrated people sell their car using a one week newspaper ad. Like a key in a lock, if the ad for your green 1997 Camry does not appear during the one week time that a buyer is looking for a green 1997 Camry, you're out $35. Your budget will get you into 3 different classified ad venues like a newspaper for about $35 for a 1-2 week run, and at least 2 popular internet classified ad websites, usually $20 for a 30 day run. Newspapers are not a scam, but that $35 classified ad fee they advertise is a farce, as they are stingy on the number of words. In order to really give any useable info in your newspaper classified ad, you'll most likely end up spending $40-$50 for a one week run. My friend Steve got dismal newspaper response on his Corvette newspaper ad, yet he got 2 calls from his web ad the first day. He sold the car 2 weeks later to a LOCAL buyer who saw his ad on the web, not the newspaper! Auto classifieds on the web are much more cost effective than newspapers because they are cheaper, and run 4 times as long or longer. Why limit your ad to maybe 5 local people who might be interested in your model year car, when you can put it on the web where there are millions of people interested in your model. For half the price you get 1000 times the exposure! A coworker of mine sold his Jaguar on a web based ad to the first person that emailed him. Web based classified ads have the advantage of your car appearing in a buyer's search of cars within hundreds of miles of their house. But by contrast, newspapers usually cover a small metropolitan area. Look for online classified sites where your ad stays until the car sells. Don't even think about parking you car on the side of the road to sell it, it could get vandalized, ticketed, towed, or all of the above.


Don't Buy A Used Lemon
The AutoCheck Vehicle History Report is the best tool for used car buyers. Enter the VIN# of the car and they search millions of vehicle records for rolled back odometers, junked cars and accidents. They get data from auctions, DMV records, car rental agencies, leases & inspection stations where odometer readings are collected. If my car had 70,000 miles on my last inspection, and I sell it to you with 20,000 miles, the AutoCheck report alerts you about the rollback, saving you from my scam. Searching title records can tell if the car was totaled in a wreck, returned as a lemon, flooded, or if the title was laundered from "junk" back to "used" status. Even without a VIN# you can search cars in your state that are odometer fraud vehicles or salvaged. When we checked, Florida had over 700,000 problem vehicles, California had 548,000, New York had 709,000 and Texas had 1.7 million! Dateline NBC did a report in 8/98 on Hurricane Andrew cars in Florida with junked titles being laundered back to "used car" status in other states. Here in Broward County, the DMV approves 350 cars every month to be reinstated from junk to "used car". In 1999 Hurricane Floyd flooded or totaled 15,000 cars in the Carolinas. That's really scary. Don't rely on dealers or private owners, they just want to sell you the car. Verify their claims with AutoCheck. Credit unions and dealers use them religiously, so should you and I. Enter the VIN#, the report appears online, with title and registration data, certified odometer readings, liens, more.

Some features we liked best about AutoCheck:
* The free VIN check.
* In many states, they can tell you if the car has been in an accident. New states are adding all the time.

Before you attempt to get any bank loan you should get a copy of your credit report and make sure there are no derogatory marks on it from your checkered past.

Experian Online Credit Reports You get a thorough credit report in 30 seconds from one of the big 3 credit bureaus. They are strict about security so if you type one bit of data incorrectly or have moved in recently, you won't be able to get your report instantly. Instead they'll mail it to you about a week later. If you have never seen your report before, you should get the "Merged Credit Report" from All 3 credit bureaus. Banks and dealers typically run your credit report from 2 bureaus.

Equifax Instant Online Credit Reports And Score Power Equifax is one of the big 3 credit bureaus in the U.S. Most creditors who run your credit profile use Equifax, as they are the most thorough. You need the credit score option so you'll know BEFORE going to the dealer. No more dealers lying that you have a bad score, you'll have your FICO Beacon score to slam the door shut on their scam. When you apply for mortgages and car loans, banks get your credit report from Equifax. Using the same credit bureau as banks, you'll be in sync with what they see. The Score Power package includes your Equifax Credit Profile, your FICO score (also known as your BEACON score), plus a personalized analysis with tips on how to improve your score over time, how you rank among other consumers.

TrueCredit has your credit report online instantly. Get the 3-in-1 Credit Report With FREE Credit Score if you have never seen your credit report. It has your credit files from the top 3 credit bureaus used by car dealers. Now you'll have the story on what car dealers know.

DebtWizards.com is a great FREE consumer advocate site with info on how to establish, maintain, and repair your credit, debt consolidation, home, auto loans, how to avoid 'Credit Doctor' scams, all about Credit Cards, and handling harassing collection agencies.

Helpful Resources To Use After You Buy A Used Car:
Extended Warranties
You can still get an extended warranty for a used car. This might be something to consider if you have doubts about certain parts wearing down, and just want a little pieceof mind. If you're selling your car, some warranties are transferable to the new owner, a great selling point for you. Try this useful site below. They give you a free online extended warranty quote for your vehicle, new or used. Our recommended site: WarrantyDirect
Car Insurance
Auto insurance sites BestCarInsuranceSite, Allstate, GEICO and LowerMyBills.com give you free online auto insurance quotes, so be sure to get pricing from them too.
Credit Reports & Credit Repair

Click Here To Get Started: How To Buy A New Car & Avoid Scams
Jump to any chapter. I suggest you read each chapter in order.
Chapter 1
Get your credit report, how to get a car loan, scams, online car loans, first time car loans, budget & loan excel spreadsheets, credit repair.
Chapter 2
Reviews of internet discount car buying sites, new car prices, find dealer's invoice cost. Get a new car quote.
Chapter 3
What to bring to a dealership, what to say, how to act, what not to do, what to look for at the dealership and a glossary of all dealer fees.
Chapter 4
How to read dealer invoices, finding dealer's cost, how much to offer the dealer, buyers offer spreadsheet, examples, trade-ins.
Chapter 5
Negotiating tips, dealer scams & tricks to watch out for, dealing with aggressive salespeople, choosing between rebates or low APR loans.
Chapter 6
Close the deal, avoid needless extras, scams in the business office, extended warranty scams, options, buying warranties online.
Chapter 7
Actual misleading dealer ads, and what to do when you've been ripped off, customer satisfaction surveys, how I bought my Lexus.
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