Browse Category: Truck & Car Buying Tips

Tips for buying trucks, inspecting used cars, and dealing with car dealerships in NH

Do not buy flood damaged cars

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There are many flood damaged cars being sold on the market. Usually, flood damaged cars, SUVs and trucks are placed in salvage yards. Some though, are made spick and span and put into the car market and they will be up for sale. But the problem is, there really are no tell tale signs of flood damage that would give them away. This is because the cars will be restored so they would look almost like new. The damages caused by the flood would be erased or covered. After the changes, the cars will then be sold to unsuspecting buyers who thinks they are getting a good bargain.

Fact is flood damaged cars are being moved by unscrupulous merchants. Consumers can and should protect themselves against being taken advantage of in the auto market. Luckily, there are several things consumers can do to protect themselves from buying flood damaged cars.

The best things a consumer can do to be sure if a car is flood damaged or not is to get the history of the vehicle. You can do this by submitting the vehicle identification number (VIN) of a car to a website which provides vehicle history information. What these websites do is search a nationwide database of car information then gathers research on the car’s title, maintenance record, registration, and odometer. You will instantaneously know if the vehicle has been stolen, has had a troubled past, or has had its odometer rolled back through the report that the website will return. Just a little research on a car’s history will reveal if it has been salvaged, flooded, rebuilt, or is basically a “lemon.”

Prospective car buyers should be aware of flood damaged vehicles being sold on the car market. Why shouldn’t you buy flood damaged cars? Well simply because water leaves a lasting damage. Even if the devices and machines requiring electricity will restore it, it will probably fail sooner or later because mold and mildew aren’t’ easy to remove. And when a car is flood damaged any warranty warrant is voided.

Below are several things you can do to check if a car is flood damaged:

Check for moisture and dirt.

Flood damaged cars usually have moisture trapped and dirt inside the lights. Dampness can also be seen inside the compartment with glovesF, console and trunk so you better inspect these spots. Dirt, which can also be a sign of flood damage, can also accumulate under the hood. Moisture can also accumulate under the seat. Of course, rust is another telltale sign of flood damage.

Smell the car

Mildew can be easily detected by smelling. Mildew often forms on soaked fabrics so sharpen your sense of smell when you’re on the lookout for a new vehicle. Also try to detect other smells that could be caused by flood damage like spilled oil or fuel.

Check if components match

Mismatched component could mean that the component are changed hurriedly after the car has been salvaged from a flood. So try to see if the carpet, seats and stereo components looks too new for the car.

Also try to check if the car has been titled several times from different states, which is usually a hint that its owners are trying to erase the questionable and negative history of the car by looking for spots where disclosing defects is not required or is easily evaded. Cars that are titled several times are usually salvaged or totaled.

Test drive

Of course the best way to check the performance of a car is to take it for a test drive. Check the electrical system including all the lights and the sound system.

Ask an expert

Have an expert mechanic or technician check the car. Have a second opinion if you may. Expert mechanics and car technician can detect flood damaged cars easily than ordinary people.

Remember that in buying a vehicle, never ever take a chance. Buying a damaged vehicle can cost you more than your money. It could also bring serious accident even death. If you suspect that someone is selling you a car that has been flood damaged immediately say no then walk away. The dough you will save in buying a flood damaged car will quickly go away by the headache it will bring.

Auto Service Contracts 101: The Need-to-Know Facts

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Today, buying car is not just simply buying a car. This is because when a person wants to buy a car, there are many additional services that tag along. One great example of these so-called “extras” is the auto service contract.

These auto service contracts are not necessarily required by most car dealers. However, most car buyers are enticed to get one in order to protect themselves against unforeseen circumstances such as expensive car repairs.

Generally, auto service contracts are pledges made by the agency, usually the car dealer, responsible to provide the necessary services or repairs that the buyer or the contract holder is entitled for.

The problem with some people is that they categorize auto service contract as the same with extended car warranties. What they do not know is that car warranties are normally included in the price of the new car bought while auto service contracts can be obtained any time even if the person did not buy a new car. Moreover, auto service contracts are always an additional cost for the car buyer meaning he may or may not obtain an auto service contract.

However, just like the other financial decisions, careful deliberation is extremely important before making some final decisions. This is because not all auto service contracts are made equal.

Here is a list of the factors that need to be considered when getting an auto service contract:

1. Buyers should be aware of the terms and conditions stipulated in the auto service contract.

In every agency or company that provides auto service contracts, each has its own terms and conditions. Hence, it is important for every buyer to know first the terms as stipulated in the contract so as to know what kinds of details are included and what are those that are not included.

2. Buyers should know the specific entity who will perform the required services.

In this way, the buyer would know what goes on when a certain service is required. In this way, the contract holder would know where to ask for the repairs and to whom they should ask for the needed services.

3. Know the reputation of those who will provide auto service contracts.

It is extremely important to know how long the company or the dealer has been in the business. Along with it comes the reputation that has been built for so many years of reliable services and performances that the customers were able to testify.

The important thing here is that people should be aware of what they are paying for. After all, it’s their money that is at risk.

Buying a used car in Ontario is safer than it’s ever been before.

Buying a used car in Ontario is safer than it’s ever been before. The government of Ontario has strict laws for used car dealers to help and protect car buyers when buying a new or used car.

I have been in the used car business for five years now and being an owner and operator of a used car dealership in Scarborough Ontario I wanted to point few important responsibilities that a car dealer must oblige.

Pricing:

The most important factor when you are buying a used car its the PRICE! In Ontario it’s your right to have all-inclusive price whenever you see a used car ad from a dealer.

That means the dealer who is advertising a car for sale he or she must explicitly specify all inclusive price and must include all required fees that it comes with when you purchase a vehicle, i.e., Transfer fee, Delivery charges and so on.

Previous History:

In Ontario, dealers must provide a potential car buyer with all the known history such as if the vehicle has been to any accidents, as well as the previous use as a Limo, Rental Car or Emergency vehicle.

Dealers are also obliged by law to provide the real mileage of the vehicles and whether if the odometer has ever been tempered.

Warranty:

In Ontario, Dealers must disclose on the bill of sales what is the maximum payout for a warranty and their deductibles

Usually, warranty companies have maximum payout limits on each plan, and they start from 500$ and go up to 5000$ per claim and sometimes they have deductibles too. So by law dealer must disclose maximum payout and their respective deductible.

By now you probably learnt few important disclosures a dealer must provide to a potential car buyer but wait!! Don’t get too excited there is more…

All car sales in Ontario are covered under Consumer Protection Act of Canada (CPA) that means if you bought a car from a used car dealer, the vehicle must be in merchandise quality, and it should not break or give you problems within a reasonable amount of time.

The Consumer Protection Act of Canada further protects you if the dealer failed to provide you with disclosures mentioned above on a bill of sale for up to 3 years,

So that means if even by mistake a merchant failed to disclose any information on bills of sale the buyer have up to three years to get compensation from a dealer and sometimes full refund.

Ontario has also put Compensation Fund in order to help car buyers if a used car dealers fails to pay back.

The Motor Vehicle Dealers Compensation Fund, referred to as the Compensation Fund, is a consumer protection program financed by Ontario’s registered motor vehicle dealers.

If something does go wrong with a motor vehicle purchase or lease agreement, consumers have access to the Compensation Fund which provides financial assistance to consumers who make a valid claim for a vehicle transaction against an OMVIC-Registered Dealer” Source http://www.omvic.on.ca

Thank you so much for reading my blog, and I hope you have a wonderful car buying experience.

Mohsin Khalid

Owner and Operator

Octane Used Cars

4614 Kingston Rd

Scarborough ON M1E 2P4

www.octaneauto.ca

When Buying Used Car is Not a Good Idea

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Looking for the cheapest car through buying used cars is a smart practice. However, when the buyer is truly saving and is on a tight budget, buying a used car should not be immediately decided upon and should take a lot of deliberation. This is to avoid throwing away your hard-earned money.

Therefore, for people who already know something about buying used cars but wish to know when not to buy them, here are some pointers that may help people in their decision-making:

1. Buyers should be wary of buying used cars from owners that do not have complete and pertinent documents.

This could mean a lot of negative things and the buyer is the only one who will be at the losing end. Documents are crucial especially if the car is second hand. It is the only solid guarantee that a buyer can get hold of when buying used cars.

If this is the case, then, the buyer might as well not pursue the deal.

2. Buyers should consider their budget

If the reason why the buyer is opting to purchase a used car is the budget, then it should be the same reason why the buyer should be careful and meticulous in choosing a used car.

Hence, if the car needs a lot of maintenance, repairs, and other modifications, it is best not to buy that used car.

3. If the buyer is not comfortable after test-driving the car, then, it is best not to buy it.

There are instances wherein some people tend to opt for used cars because of the model of the car being sold. It is their dream car and there is no other way they can purchase them but to buy them second hand.

However, if the buyer was not comfortable with the car after test-driving it, then, it would be better not to pursue the deal, even if it means the world to the buyer to have that car.

The bottom line is that buying used cars should never be the sole alternative to people who cannot afford to buy new ones. This means that people should value the process of choosing a used car like what they would do when they buy a new car.

After all, it is their money that will be put to risk that is why it is extremely important to consider all the factors in order to have the best buy ever.

When Buying A Used Car from Its Owner, Beware of the Owner Bearing Offers!

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Getting started with used cars does not require a mortgage or a student loan, but it is not free either. Buying used cars costs money. That is why it is extremely important to know all the possible factors that might lead the buyer into buying a used car that is suspect.

In reality, it is easy for the buyer to get carried away by convincing sales pitches, special offers, fantastic deals, magnificent bundles, freebies, and the like. However, it would take a really smart buyer to get the best deal when it comes to used cars.

Hence, it is equally important to know the basic factors that need to be considered before the buyer decides on a particular used car, especially if the car will be bought directly from the owner.

Here are some tips that might help those who are planning to buy a used car from its owner.

1. When buying cars from the owner, the buyer should ask the seller for the Զehicle registration documentԠor the so-called V5. Through this document, the buyer will be able to know the full details of the carӳ ownership like the name of the owner, the address, and other identity details.

2. If in case the V5 is with the Driver and Vehicle Licensing Agency or the DVLA, as told by the owner, the buyer should verify the reason. If it is due to recording purposes where the change of ownership shall be recorded, the seller should have a green slip that is to be presented to the buyer in exchange of the V5.

3. It is best for the buyer to ask the seller to see the insurance policy for the vehicle. If the seller cannot produce the document, it would be better not to buy the used car because there is a high probability that he is not the real owner or that there is something fraudulent with the transaction.

4. It is important to check if the identification details stipulated in the V5 is the same as that written in the driverӳ license. The address and the name should be the same on the two most important documents. Other wise, it would be better not to pursue on buying the car if there is doubt on the details.

These things should never be taken for granted because if any of the conditions mentioned is present, there is a great chance that the car is stolen. Therefore, itӳ better not to take any risk.

7 Guidelines for Used Car Prices

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1. Know a little about pricing before you buy a used car. Franchise dealers that sell used cars add a certain percentage on the original value of the used car in the market. Markup is also added to the price of the used car at dealerships, which will make the price higher.

2. Determine the many factors that affect the used car prices. Used car pricings are affected by installed optional equipments or the location where you are buying the used car. There are areas that have a high market demand for a certain car. If that is the case, you may get a better deal if you travel outside of the zone to shop around for your car.

3. Find the used car’s true market value at NADA. National Automobile Dealer’s Association releases a copy of used car price guides every year. You may also check their web site to check the current prices of the used cars you are looking for.

4. Cheaper used cars may be found at government auctions. Government auctions happen every year and you may want to check out a checklist of the auction program. It may also offer you guidelines on finding quality used cars at lower prices. You may visit Federal Citizen Information to find out the guidelines in buying used cars from government auctions.

5. Check out the Internet. There are a lot of web sites that provide pricing guides on used cars and also guidelines in finding the right used car for you. You may compare prices; check out the features of the used car and the location where you can buy cheaper prices.

6. Determine if you have a fair deal with the price that is offered to you. Factors that affect used car prices include the age, market demand, overall condition, mileage, interior and exterior blemishes or if the car was maintained well.

7. Beware of trade tricks. Many dealers strategize on the behavior of consumers when buying used cars. Dealers know that buyers will not purchase a used car unless they feel that they are offered a price lower than the original price. Dealers tend to make the price higher than the actual amount and make the buyer believe that they are offering a discount. What the buyer does not know is that the discounted price is actually the original price of the car.

Buying a Used Car from a Dealer

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There are many challenges you will face when buying either a new or used car. It depends on the model that you want, how much is the budget, the size of your family and the options that go with it.

If you have an idea on the right car, then a little research on the value of the car in the market to date will be able to help the you when approaching a dealer.

This can be done by checking the internet or looking through the local newspaper before going to the various dealers in the area to make comparisons.

If the ideal car is not available on the lot, the if you tell the dealer about it these people can help by looking for that particular model or offer a similar car similar to your choice.

Since dealers often want to get rid of the cars quickly, it is also possible to get a good deal on what is available as long as it meets your requirements.

Most cars have a maintenance record. The buyer must ask the dealer to see it and if it is not available, then you should contact the dealership or repair shop where most of the work was done.

The buyer has the right to see a copy of the dealerӳ warranty. To be safe, you can also ask if a service contract is provided in buying the used car. This contract that is offered by the dealer may or may not provide coverage that is in the manufacturerӳ warranty which may cost extra.

Since the warranty usually comes when buying a car and the service contract does not, it is best to ask if you need to avail of by answering some questions;

ՉWhat are the differences between the coverage of the warranty and the service contract?

ՉWhat repairs are covered?

ՉIs routine maintenance covered?

ՉWho will pay for labor and parts if brought to the shop?

ՉWho is authorized to perform the repairs and where?

ՉHow long does the service contract last?

ՉWhat are the cancellation and refund policies?

Just looking at the car will not give information if the car is in good condition. It should be test driven under various road conditions such as the highway or in traffic.

Since most people are not that knowledgeable about cars, it is advisable to bring the car to a reliable mechanic for proper inspection.

Tips on Buying Warranty for Used Cars

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Used car buyers need to get their money worth as soon as their purchase has been confirmed. New or not, cars should have warranties. It is a right, not a privilege.

The following are tips to better your chances of getting the best warranty for your money. Know what you are buying

Some people who avail themselves of auto warranty coverage usually have a notion that they are purchasing a special shield that protects their vehicle from unnecessary wear and tear. Though this is true, this idea is primarily bound to a contract that the buyer should read prior to signing anything. There are instances when consumers buy a used car then expect the warranty company to get their cars back in shape for them. Buyers then unnecessarily file a complaint and get angry once their request is denied simply because their understanding of the conditions that constitute the warranty differs from what the warranty company has explicitly stated on their contract. It is advisable therefore to read in order to avoid uncalled for weeping.

See through the lies/p>

Do not believe when auto warranty companies claim that their warranty can not be refunded. One hundred percent of extended car warranties are refundable within thirty days provided no claims have been made. If in any instance you feel that you were in some way forced to purchase or get a Ford, Hyundai or Honda warranty that you didn’t want, do not hesitate to get your money back.

Sift through their trashing

If a warranty company has a good enough standing, it does not need to trash the competition or badmouth the other company warranty contract. You need to see them point out their own warranty company merits, offers and packages and not the competitors worthless clauses in order to make a sale. Though it is a competitive world out there, the only way to stand out is to offer excellent and ethical service. In this case, action speaks louder than words.

Avoid buying auto warranty from you dealer

Though it is extremely convenient to do so, the effects are short-term. The price car dealersҠoffer for extended auto warranty, believe it or not, is usually two to three times higher than the normal rate. Plus, their contracts have far too many limitations and unfair clauses that buying warranties from first-rate warranty companies that provide better service for half the price, is a clearer and ֠should be – the only option.

5 Things You Should Know Before You Sign a Contract

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Security from any fraud and unscrupulous activities should be a serious concern for anyone who is into sales, lease, jobs, or any kind of services that entail certain provisionary agreement and settlement.

Whether a party is a first time or an expert person, the industry and the services that go with it presents the concerned person with risks and challenges that you cannot underestimate. Every time that a person is engaged in a commercial transaction in the society, he or she is in danger of submitting their selves to probabilities of fraudulent activities.

That is why contracts were made to ensure the security of both parties involved.

Generally, contracts are created to provide solid information about the agreement that transpired between two or more parties and that any details stated therein are bounded by certain laws and regulations. Hence, it is extremely important for a person to know the important details of the contract before he or she signs and submits to the pact.

Here is a list of some of the things people should know before they sign a contract. Knowing these will surely protect them from any discrepancies or any fraudulent activities that may happen.

1. Be aware that a contract is a legal document, bound by legal provisions and stipulations.

As defined, it is a Ԭegally binding,Ԡprinted arrangement signed by two or more factions or groups, which entails their commitment to each other.

With the term legal, this means that any provisions stated therein are bounded by law, in which, any act, made by a particular party or all of the parties concerned, that constitutes as non-conformity to the details of the agreement will be held liable with the law.

This means that anybody could be imprisoned or held in custody with the law unless other wise the concerned party is proven not guilty.

Hence, it is important to be meticulous about the details of the contract before signing it to avoid any potential risk.

2. Make sure that you are dealing with trustworthy and reliable companies

It is extremely important to know first who the concerned person is dealing with. Therefore, it would be better if an individual or a party would try to do some investigations and background checks first before they sign the contract.

If in the event that a person or a party is in doubt, it is best to follow their instincts and forego the signing of the contract.

3. Know the fine print

The problem with most people is that they assume every detail as part and partial of the whole agreement, thinking that everything will be stated as agreed verbally, and that there will be no harm if they will not read thoroughly the fine print.

This should not be the case; otherwise, they can get into trouble with the parties involved or with the law.

People should bear in mind, that the law fully assumes that any person or entity that has agreed to sign in a contract has fully understand the details stipulated therein. Hence, there is no excuse for any party who claims that they had missed certain details in the contract.

4. Make sure that all of the details about the contract are fully stated.

This means that all information pertinent to the agreement should be stipulated clearly and completely. For example, for service contracts, be sure that the beginning date and ending date of the service is clearly stated.

5. Make certain that there are no blank spaces in the contract

Before signing a contract, concerned parties should try to inspect the document meticulously and ensure that there are no blank spaces present. This may pose greater risks if left unattended, especially if their signatures are already affixed on the contract.

All of these things are boiled down to the fact that people should be very careful about transactions, deals, or agreements that they commit to. It is relatively important to be aware and knowledgeable of the details of the contract before signing it.

You may have heard that ignorance of the law is not an excuse. This is true, therefore, it is better to be fully aware of it than to be in trouble with the law in the end.

How to Estimate a Used Cars Value

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When searching through used cars for sale, one of the most important factors to consider is whether the car you are looking at really is worth its tag price. Even though the car may look like quite a deal, it is possible that you are being ripped off. Here are a few tips to help you make that decision when considering used cars.

1. Do a Little Research

When you find a used car for sale that catches your fancy make sure you do research on that car. Find out how much that car costs if it were brand new. You should also look into whether the car is still in production and if its parts are still available. You could also try a little shop hopping to compare used car prices among cars of the same value and same age.

If a cars price is too low, that ought perhaps send you into a state of alarm. It is possible that the car is much more trouble than it is worth.

If it is too expensive, you may want to ask why that is so.

2. The Older the Car the Cheaper is Should Become

Brand new cars typically lose up to 30% in their value in 3 years, and by the time the car is 5 years old, it may have lost up to 65%. If you know the cars original price, you may want to use this rule of the thumb for your estimation.

3. Use a Third-Party Information Service

Car Fax is a good way to find out about used car histories. They offer a service that will give you a detailed history of the car you are interested in. The information included will typically include accident history and insurance data.

Kelly Blue Book is one of the most comprehensive used car value listings around. It would be a good idea to take a peek into their services for an updated list of hundreds and hundreds of used car values.

4. Take a Mechanic with You

A cars value is also directly related to its running condition. If you are not that well versed in mechanics and cars, you may want to take a mechanic along so that he or she can evaluate whether the car really is worth the used car dealers price.

Some used car dealers will offer cars that are defective and try to hawk them by sweetening the deal. Beware of these kinds of car dealers.

Try to look for a reputable dealer. The past experience of your acquaintances will be very valuable in evaluating a car dealership.


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