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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
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
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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:
| 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 |
| 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. |
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| 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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