Madison Ave, take some copywriting lessons from this radical used car ad: “Looking for a car with a sweet tape deck and a radio with five pre-sets? A car that needs new brakes and maybe some action under the hood?…Than this is the car for you! [sic]” [More]
used cars
Used SUVs & Trucks Costing More Than New Ones
In a counter-intuitive turn of events, the way the market is now, a used SUV can end up costing more than a new one. [More]
Outsource Used Car Haggling To Pros At Carsala
For those without the temperament or time to engage in the scrum that is negotiating with a used car dealer, Carsala will do it for you. The site boasts a team of professional negotiators who will contact an average of twenty dealers and work to get you the best price possible. No more getting befuddled by the Four-Square or “Oh, I’m sorry, I really want to make this work but my manager in the back will only agree to…” The pros at Carsala charge a commission of 20% of the difference between Blue Book value and the final price. And, unlike some other car shopping sites, they don’t take kickbacks. Handy! Or you can just use their free tools to check out how a price you’re quoted compares to others in the area, and whether the car you want really fits your budget. [More]
Ford Agrees To Sell Volvo For $1.8 Billion To Zhejiang Geely
They always say that cars are the worst investment, since they almost always depreciate in value. But Ford Motor Co. learned the hard way that this holds true for car companies as well. They bought Volvo for $6.45 billion in 1999, only to sell it 11 years later for $1.8 billion. [More]
Beat The "Four Square" Dealership Ripoff
Former used car salesman Alan Slone grew a little Jimminy Cricket in his ear and decided to spill his guts on a classic dealership technique used to addle your mind and empty your wallet. It’s called “The Four Square” and the object of the game is to make you lose. Here’s how it works, and how to beat it. [More]
In Praise Of Old Cars
Maybe someday when frugality takes over, beat-up 1988 Honda Accords will trump fresh-off-the-lot Porsches as four-wheeled sex symbols. Blogger Well-Heeled can envision such a future, hyping the money-saving virtues of hoopties. [More]
Man Puts Deposit Down On Used Car, Backs Out, Can't Get Money Back
Back in April, Nait put a $500 refundable deposit down on a used car, then decided he didn’t want to buy it anymore when he found it needed $10,000 in repairs. Five months later, neither the dealership nor Capital One, will refund his money. He gives a blow-by blow here.
Buyer Says CarFax Report Didn't Let Him Know Car Was All Messed Up
CarFax provides a useful tool for used car buyers, tipping them off about the myriad abuses their prospective rides once suffered. But Gyorgy says the service failed him, failing to report a number of modifications and indignities that voided the ride’s warranty. He writes:
Ask The Consumerists: When An "As-Is" Car Isn't What It Seems
Trisha in Oregon bought a great new-to-her car from a used car dealership. Unfortunately, the problem with buying a car “as-is” is that the dealer may not be up-front with you about how the car actually is.
The New Car Deals Are Piling Up — But Do You Care?
BusinessWeek did a little math and discovered that if you lined up all the new financing deals, tax incentives and discounts — a new car might actually be cheaper than a late model used one. But do you care?
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Best And Worst Used Cars Buying a used car is often the best choice for consumers. If well-maintained, it can be a good value and later models have many of the newer safety features as well. Consumer Reports has listed the cars with the best and worst reliability history in the 10 years (1999-2008) covered by their Annual Auto Survey.
Top 10 Recent Model Used Car Deals
Consumer Reports has put together a list of the quickest depreciating new cars so that you bargain hunters can snatch up a lightly used car for a good price. In case you weren’t aware, new cars take a big hit in depreciation in the first few years of ownership — a smart buyer lets someone else pay that “new car” tax.
Consumer Reports: 10 Car Shopping Mistakes And How To Avoid Them
Consumer Reports has compiled a list of common car shopping mistakes from their Smart Buyer’s Guide to Buying or Leasing a Car, which, of course, you can find in bookstores.
After 16 Years, Justice Department Ordered To Build Used Car Database
A federal judge ruled last week that the Department of Justice has until March to establish a used car database as directed by Congress 16 years ago. The National Motor Vehicle Title Information System will warn potential buyers if a used car was stolen or totaled, and will instantly verify the car’s title and mileage. Here’s how it will work…
The 7 Most Fuel Efficient Used Cars Under $10,000
You’re sick of your SUV and thinking of getting a car that’s new to you, but which ones get the best gas mileage for the price? Consumer Reports has the answer — a list of the 7 most fuel efficient used cars for under $10,000.