High Mileage 4X4 SUVs

How to Trade a Car When You Owe More Than Book Value

A car loses value the minute you drive it off the dealer's lot. If you financed the whole cost rather than putting down a large down-payment, you might one day find that you owe more than the car is actually worth. Hopefully, you'll be able to keep it long enough for your payments to offset the loss. If you have to trade it before that happens, you'll be "upside down" on your loan and will face some special challenges. You can trade the car in, but be prepared to add additional debt to the new loan.

Instructions

1

Pay down your car loan before you do the trade-in so you no longer owe more than book value. If you have good credit, you might be able to get a home equity line of credit or other low interest loan. By using this to pay down your existing car loan, you'll avoid rolling that debt into a new car loan with a higher interest rate.

2

Buy the least expensive car possible. If you can't pay down your existing car loan before you do your trade-in, make sure the car you are buying is cheap. The upside-down amount on your existing loan will be added to the new loan, and as soon as you drive that new car off the lot you'll be upside down on that amount, too. The cheaper the new car, the less additional debt you will incur.

3

Get the new loan on your own, if possible, rather than letting the car dealer handle it. Car dealers sometimes take advantage of buyers who are upside down on their current loan, especially if their credit isn't perfect. Talk to your bank or credit union and try to arrange your loan upfront. If the dealer can offer a better interest rate, you can take it. If not, you can stick with your self-arranged loan.

4

Try to refinance the loan at a lower interest rate after the sale if you can't get a good rate beforehand. Once the transaction is complete and you have your new car (as well as a loan for much more than it is worth), you can take your time shopping for a loan with more favorable terms. You will need good credit to do this, since the car is not sufficient as security. You might be able to use a home equity loan. If you have CDs or other money in the bank, you might be able to use those as security for the new, lower-interest loan.

Toyota Tundra Specifications

The Toyota Tundra, since 1999 Toyota's leading import for the American truck market, continues to provide consumers with the luxury pickup truck alternative for those willing to pay a higher price. While functional and increasingly usable for commercial purposes, the Tundra continues to have private consumers as its primary market. The latest specifications reflect numerous changes and attempts to hold onto market share and expand.

Basic Specifications

The latest Tundra engine still retains the choices that were established in the 2000s with a 4.0-liter engine (V6), a 4.7-liter engine (V8) and a 5.7-liter engine (V8). The 4.7-liter establishes the full-torque truck option with a 271-horsepower performance and commensurate torque for hauling and towing (the V6 model provides 220 horsepower in comparison). The most recent engine size, the 5.7-liter engine, produces 381 horsepower and 401 foot-pounds of torque, putting to rest the early 2000 criticism that the Tundra was only for consumers and had no commercial application on the work site.

Both manual and automatic transmissions are available on Tundras of all sizes. The automatic version tends to be the most popular and the most distributed. However, the manual transmission can be either ordered or found with a bit a searching. In terms of gearing, the V6 Tundra models distribute with a five-gear transmission, and the V8 models come with a six-gear design, adding additional push on the high-end engine-revolution spectrum.

The Tundra in 2010 and 2011 models operates with an anti-lock braking system designed into all four wheels, with disc rotors and corresponding caliper systems on the front and back axles. Suspension on the Tundra works with a spring-mounted system using stabilizers across the axles to reduce offset reactions on the truck body. The shocks used for dampening use a nitrogen gas design with low pressure to lessen the effects of road bumps on the body.

Cabin and Body Features

The early Tundras were critiqued for being designed with an inadequate backseat that really was only comfortable for children. The leg space was far too cramped for an average adult. Current models of the Tundra now provide full spacing, but some truck bed area is given up in exchange. Bed lengths today range from five feet for a full-cabin truck to eight feet on a maximum-bed model.

Original options on the Tundra offered a basic truck with no features beyond function; the SR5 choice, which came with basic styling inside and out; and the Limited model, which even included a captain's-seat design for the driver.

Buyer Options

The Tundra in 2010 and 2011 models sells with a work truck package designed for commercial applications, three different TRD sport packages for off-road enthusiasts, a Platinum package for those for whom cost is no barrier for all features available as add-ons, and an SR5 package for the general consumer looking for a luxury pickup truck for personal use.

Depending on conditions or driving styles, Toyota continues to address special needs on the Tundra with the Towing package for extra engine cooling and torque control, the Cold Weather package for operating in low-temperature zones, and a Memory package to allow presetting of personal choices in adjustable features (i.e., seat positions, mirrors, steering wheel tilt).

How to Decrease Fees When Buying a Pre-Certified Car

While a pre-certified car offers peace of mind by having an extension of the factory warranty, some dealerships exploit this comfort by charging excess fees on certified cars. Some common fees include certification costs, documentation fees and dealer prep fees. By pitting dealerships against each other to earn your business, you can avoid these high-profit fees.

Instructions

1

Compare out-the-door price quotes from dealerships. Searching for a pre-certified car is easy by using a service such as AutoTrader.com or Cars.com. Dealerships list a variety of pre-certified cars with factory warranty extensions at competitive prices. You can even use an online service to request an out-the-door price quote on a vehicle. Ask for a quote that includes all taxes and fees charged by the dealership. By contacting multiple dealerships, you can see what types of fees are charged by each.

2

Negotiate away unfair fees. By contacting dealerships via the Internet, you have an opportunity to negotiate away unfair fees before visiting the showroom. When an Internet sales manager responds with an out-the-door price quote, review the fees that are charged. Some fees, such as a modest documentation fee of under $100, are reasonable for a dealership to charge, as it must employ an administrative staff that handles title and registration paperwork with the state (see "Tips").

3

Make a reasonable offer. By using a service such as Kelley Blue Book to determine the value of a pre-certified car, you can make an educated out-the-door offer that includes only a documentation fee. If you have been contacting dealerships via email, you can make this offer via the Internet, or you may choose to visit a showroom in person to negotiate an even better deal.

4

Review paperwork at the dealership. When you arrive at the dealership to complete title paperwork, you may find that the buyer's order or bill of sale includes charges beyond the documentation fee. Some dealerships print these fees on all paperwork to make consumers think they are legitimate, official fees that must be charged on pre-certified cars. Cross out these amounts and have the salesperson or finance manager initial beside them if they are listed on paperwork. If a dealership refuses to budge, make one final offer: that it offsets the additional charges by lowering the selling price accordingly.

Tips on Buying a Used KIA

Kia is a Korean automaker that sells a variety of car models in the United States. Its new vehicles tend to be reasonably priced, and if you buy a used Kia, you can often get a good deal. Kia is the 8th best-selling car brand in America, which means there is usually a good selection of used Kia vehicles on the market at any time. If you would like to purchase one, there are several strategies that can make it a simple process.

Model

Decide on the exact Kia model you would like to purchase. Even though they come from the same manufacturer, some Kia models are more reliable than others for the long term. "Consumer Reports" provides reliability information for the engine, transmission and other systems. The National Highway Traffic Safety Administration lets you check online to see if a particular Kia model has ever had a recall. Narrow your search down to the one or two Kia models with the best records.

Sellers

Decide where you prefer to purchase your used Kia. Although you generally pay less when you buy a car from a private seller, Kia dealers offer a certified program for some of their used cars that can give you more peace of mind. Certified pre-owned Kias go through a 150-point inspection to ensure they're in good shape. They are sold with a 10-year, 100,000-mile powertrain warranty and roadside assistance, and you can purchase additional warranty coverage. All certified pre-owned Kias are less than five years old and have less than 60,000 miles. If you buy your Kia from a private owner or a non-Kia dealership, you are generally buying it as-is. If the seller makes any promises or guarantees, make him put them in writing, or they will not be enforceable.

Price

Do some price research so you'll know a fair price range for the type of used Kia you wish to purchase. You can get the wholesale, retail and private seller price range from Kelley Blue Book. However, those are just general guidelines. Check ads and dealerships to get a feel for real-world prices in your area. Prices for used Kias can vary, depending on where you live and the time of the year. When you actually view used vehicles, you'll need to adjust what you consider a fair offer based on the Kia's condition.

Specifications for the Mazda Carol

First released at the 2009 Tokyo Motor Show, the 2010 Mazda Carol is a far cry from the original Mazda P360 Carol produced in 1962. The 2010 Mazda Carol comes with a new interior and exterior design, a continuously variable transmission (CVT) and a lighter body. With these improvements, this micro-mini is more fuel-efficient and affordable than ever, according to the Car Session website.

Engine

The Mazda Carol comes with a 660 DOHC VVT engine. VVT stands for variable valve timing. It also has CVT, a continuously variable transmission, giving it better fuel economy. The front-wheel drive CVT model has the best mileage, averaging 24.5 km/L, and the GS4 model gets 23.5 km/L, making them both eligible for Japan's eco-car incentive program. Buyers get 75 percent tax reductions from the government. The Mazda Carol GS4 comes with a keyless push-button start system.

Exterior Features

The 2010 Mazda Carol has a new front face and a rounded adaptation of Mazda's five-point lower grille. Exterior color choices include Air Blue Metallic, Maroon Brown Pearl, Milk Tea Beige Metallic and their new color, Shiny Green Metallic.

Interior Features

The rounded interior design complements the exterior body shape. Dials are large and circular, making them easy to read. Seats are made out of tea-colored and beige material. The 2010 Mazda Carol comes with more room for backseat passengers. Door openings are larger, making it easier to get in and out of the rear seats comfortably. Even with four people in the car, the Carol has enough cargo space for a baby stroller. The XS model has split rear folding seats.

Safety Features

Safety features for the Mazda GS4 include theft-prevention vehicle immobilizer, four-wheel anti-lock brake system (ABS), brake assist functions and electronic brake distribution (EBD). The Mazda Carol is built to minimize head injuries during accidents, with its passenger and driver side SRS airbag systems, the interior structure and lightweight body that absorbs shock. The XS model has a vehicle immobilizer. The rear window wiper and heated door mirrors increase visibility and prevent fogging.

Equipment

All Mazda Carol models have UV ray-blocking windows that shield passengers from up to 90 percent of UV rays. Improvements in the 2010 model also include more storage, such as a driver's side cup holder, a shopping bag hook and four bottle holders in the center console accessible from the front seats and back seats. In the 4WD model the driver's side seat is heated. The XS grade features a tilting steering wheel and seat lifter, so drivers can get into a comfortable driving position.

How to Rent Pick-Up Trucks

Renting a pick-up truck is an inexpensive way to move materials from one place to another, whether you're moving to a new home or merely making a delivery. There are many agencies that rent trucks, so you won't have to buy one or borrow one.

Instructions

1

Find a rental service in your area that has pick-up trucks available. Most rental agencies, such as Enterprise Rent-A-Car and U-Haul, rent pick-ups and so do many construction equipment rental stores.

2

Inspect the truck that you are renting. Check for any external damage such as dents or scratches in the paint. Take the truck for a test drive if the agency allow it. Point out to the agency any damage or problems you encounter during your inspection.

3

Closely read any forms or agreements the rental agency needs you to sign. Usually the agreement will make it clear what damage you will be responsible for, whether you need to fill the gas tank before returning the truck and when the truck needs to be returned.

4

Sign the forms if you agree with the terms and conditions.

5

Return the truck on or before the day instructed in the agreement.

How to Buy a Used Car & the Questions to Ask

Buying pre-owned is a great way to save some money when it comes time to purchasing a car. After all, the moment you drive a new car off the lot, it immediately goes down in value. Of course, there are some risks inherent in buying a used vehicle, since often it is difficult to really know what you are buying. By taking a few precautions, though, buying a used car can be a less stressful and risky undertaking.

Instructions

1

Once you have decided what type of car you want, start looking in the local newspaper classifieds and on Craigslist (see Resources 1). You can also check out your local used car dealers, but you are less likely to get the best deal here. EBay (see Resources 2) is another potential source, but be wary of vehicles that you cannot inspect in person.

2

Check out as many potential cars as possible. The more cars you look at, the better chances you have of getting a great deal on a great car.

3

Inspect the vehicle thoroughly. Look at the paint from different angles to see what shape it's in. Open the hood and trunk and look for signs of a repaint and accident damage in the fender wells. Look for rust around the windows, rocker panels (the lower portion of the body between the wheels) and on the floorboards.

4

Inspect the engine bay. A clean engine bay might mean that the car was better cared for. Pull the dipstick for the oil out of the motor and inspect the oil. It should be amber and not black or gray.

5

Test drive the vehicle. When you drive it, listen for strange noises from the motor (clicks, clunks, etc.) and pay attention to how the suspension feels. If the steering is vague and the car shakes and vibrates or pulls to one side, it may need some suspension work, new tires or even have bent wheels. Make sure it doesn't run hot or overheat. Get out and look for smoke from the tailpipe while the car is running.

6

Ask if there are any service records. A well-documented vehicle is a safer bet than one that has no maintenance records. Also, ask how many owners the vehicle has had. Cars with one, two or three owners are a better bet than cars that have had multiple owners over the years.

7

Ask to see the title to ensure that it is clear and not a salvage title from being wrecked, stolen or from water damage. Though salvage title vehicles can often be purchased for much cheaper than a vehicle that has a clear title, it's hard to know what you are getting into.

8

Get a Carfax on the vehicle to see if it has a documented record. Though vehicle history reports are not foolproof and often will not show everything a car has been through, they can be a valuable tool.

9

Have the vehicle inspected by a mechanic. A PPI (Pre-Purchase Inspection) is another great piece of insurance when buying used. Have a professional mechanic inspect the car for any defects. This usually costs about $100 to $150.

10

Ask the seller if he is negotiable on the asking price. Most used cars can be purchased for less than the asking price, so don't be afraid to barter. Start with a low offer and meet the seller at a price that makes both parties happy.

What Taxes are Due for Buying a Used Car?

Buying a used car has some advantages over purchasing a new car. The most obvious advantage is the much lower price for a used car after discounting the new car depreciation. When buying a new car, the value drops precipitously almost immediately. Buying a new car that is even only a few months old with just a few hundred miles can save a large amount. When buying a used car, however, there are still various taxes due paid to different governments. Tax amounts paid on the purchase of a used car vary depending on location. Different municipalities, counties and states have different taxes rates. Also, not all areas will have the same taxes required. Some will have local sales taxes while other have only state taxes, and there are those areas that have both.

Sales Tax

Many localities charge a sales tax on the purchase of consumer goods. The tax is calculated as a percentage of the sales price and is added to the total amount due. Some states and municipalities have a maximum sales tax. South Carolina, for example, charges $300 maximum sales tax. As the South Carolina state sales tax is 6 percent, this means sales taxes are a percentage of the purchase price up to $5,000. Any amount over this will still see a $300 sales tax.

Depending on the location where the used car is purchased, there may also be local sales taxes added to the final total due. Local sales taxes are calculated on the sale price, not the sale price plus any taxes calculated previously. For example, a 5 percent sales tax on a $4,000 used car would be $200. If there is a local sales tax of an additional 1.5 percent, the tax would be an additional $60. The local sales tax would not be calculated on $4200 or a $63.

Property Tax

Some states and localities charge property taxes on used-car purchases. The property tax must be paid in order to register the vehicle and receive license plates. Property taxes are calculated based on the market value of the vehicle, not the actual sale price. Also, if a car is sold at auction and there are past-due property taxes (possibly the reason the car was auctioned), the new owner may be required to pay the past due property taxes to take title to the car.

In some states and localities additional mileage amounts may alter the property tax total. If billed for a property tax amount on the used car and the mileage is over the specified amount, an appeal may reduce the total amount of property tax due.

Luxury Tax

Certain makes and models of automobiles may require paying a luxury tax on the used car sale price. Usually, the luxury tax amount is determined by the vehicle's market value. Also, as with some sales taxes, the luxury tax may have a cap. Whether the used vehicle has a value of $80,000 or $450,000, the luxury tax amount will remain the same.

How to Buy a Used Car From a Private Party

When a person spends the money to purchase a used car from a private party, it is always a good idea to be as cautious as possible. At least when a person buys a used car from a dealer they have more security and the track record of the dealer to fall back on. However, if you take the necessary steps, buying from a private party can be a pleasant experience for both parties.

Instructions

1

Research the used car thoroughly before deciding to buy from a private party. Many good Internet resources will allow you to obtain an approximation that you should pay for a used car. See the Resources section for more information.

2

Make a list of questions you have about the particular used car you wish to buy from a third party. Some of the common questions you need answered are the reason they are selling the car, the mileage on the car, special features the car has, who the original owner is, accident history of the vehicle and the service record for the vehicle.

3

Call the private party to ask all the questions you compiled in the previous step. Make sure you call the private party at a convenient time of day and not during dinner time or late at night.

4

End the call if the private party is evasive or you just do not feel comfortable during the conversation. Usually your instincts are correct and if the used car owner seems shady or untruthful, he they probably is.

5

Establish a base price for the purchase on the phone. If the price seems too high or the owner is unwilling to allow room for negotiation, you may not want to buy a car from the person. If the price is not right, the rest will be a waste of your time.

6

Set a place and time where you can meet the private party to inspect and test-drive the used car. Make sure the time is convenient and the location is in a public place, like a mall parking lot. If you do decide to meet her at her house, be sure to take someone with you or at the very least, tell another person when you are going and when to expect you back. This helps prevent the possibility of foul play during the transaction.

7

Inspect the used car thoroughly and take it on a test drive, preferably on streets you normally drive. Be sure to take the used car out for a highway test drive as well as a neighborhood test drive. If you do not know anything about cars, it is best to bring a mechanic or someone knowledgeable about cars with you for the inspection.

8

Check out at least a few different used cars and compare them to each other before making the purchase.

9

Negotiate a final price with the private party once you choose the used car you want to purchase. Do not be afraid to walk away if the private party will not meet your asking price.

10

Buy the used car from the private party after you finalize all the details and arrange the financing for the used car. If you are getting a loan from a bank, be sure to read all of the fine print on the loan.

Things I Need to Know About a Hyundai Santro

The Hyundai Santro Xing, billed as India's favorite compact car (see Reference 1), is a four-door with a sporty look. Its innovative bi-fuel design and clever tank arrangement allow for both savings at the pump and storage space in the trunk. The car comes standard with a range of safety features and color options that round out the package.

Fuel Types

The Santro's bi-fuel design allows for liquefied petroleum gas, known as LPG, and gasoline to be used interchangeably. This saves money as well as minimizes damaging effects to the environment. LPG is cheaper and less harmful to the environment when compared with gasoline. Switching between the two fuels under different driving conditions can maximize fuel efficiency and performance (see Reference 2). The gas tank is capable of holding nine gallons of fuel.

Safey & Seating

The Hyundai Santro seats five--two in the front and three in the rear. Reinforced steel in the steering column and along the doors ensures that both driver and passengers are protected in the event of an automobile accident. In an impact, the roof can pop outwards instead of the whole panel caving inwards. Child safety locks on the rear doors are standard on all models of the Santro (see Reference 1).

Interior & Exterior Color Choices

As of October 2010, the Santro is available in eight different colors: crystal white, sleek silver, silky beige, dark gray, black diamond, berry red, electric red and sparkle blue.

The interior comes in either brown, or brown and beige. A brushed metal finish on air vents and the center console round out the interior (see Reference 1).

How to Find a Vehicle's Serial Number and Year

Automotive manufacturers assign a unique serial number called a vehicle identification number (VIN) to every motor vehicle for identification purposes. Since 1981, each VIN has 17 characters made up of numbers and letters that encode the various vehicle information including the year it was manufactured. The VIN is used on all legal vehicle documents such as the title, registration and car loan papers. Based on a VIN, you can also obtain a vehicle history report from agencies like CARFAX.

Instructions

1

Locate the 17-digit VIN printed on the drivers side interior part of the car's dashboard. Write down the entire serial number, including both number and letter characters. The tenth character in VIN encodes the vehicle year.

2

Click on the link to the "Vehicle Identification Number Requirements" document given in the References section of this article.

3

Find "Table VI: Year Codes for VIN near the end of that document.

4

Locate the tenth character of your VIN among those listed in the table column labeled Code. The corresponding vehicle year is given in the same row in the column titled Year. For instance, the code T indicates that the car was manufactured in 1996.

How to Return a Used Car

So you've bought a used car, and it turned out to be a lemon. Now what? Some car dealerships, used car dealers and private buyers will permit you to return your used car under certain conditions. Your rights vary significantly depending on the state you have purchased the car in, and your limitations and legal rights must be disclosed and signed upon at the time of the purchase.

Instructions

1

Find out what your state's lemon laws are. Every state has its own rules regarding "lemon laws" that provide rights for a buyer who may have purchased a car that is damaged. You will need to contact the attorney general's office in your state, or visit the attorney general's website to find out if the lemon law is in effect for your purchase.

2

Review the return policy and contract. You will need to confirm that you have rights to return the vehicle. Make sure you have all the paperwork in your possession to proceed with the return.

3

Make sure the vehicle is in its original condition. Even minor scratches, dents or defects that you have caused since the purchase can prevent you from returning the car. Inspect the car thoroughly to ensure it is still in the same condition that you purchased it.

4

Make copies of your contract. Make all copies of paperwork and contracts signed at the time of purchase. You will need to take the original copies back to the dealership, dealer or person from whom you purchased the car.

5

Contact the person from whom you purchased the car. Explain that you are not satisfied with the car, and you want them to honor their used car return policy discussed during your purchase. Set up a time for the return.

6

Take the car back to the seller. Take all of the original paperwork completed during the transaction and your insurance card, and drive the car back to the seller.

7

Sign the notice of cancellation. You will need to provide contact information and review all details of the car purchase cancellation contract. This should outline all the details of the purchase and return, and declare that you are no longer responsible under the purchase agreement.

How to Return a New Car in Texas

Buyer's remorse is a common reason people return new cars to the dealer. However, doing so is not always easy, as your contract is binding. If the dealer does allow returns, you may have only a week to complete your return unless your find that your car has a mechanical or physical defect you were unaware of prior to purchase. Always keep a copy of your records when purchasing a new car --- it will make the return easier.

Instructions

1

Contact the dealer immediately. Often, you will have as little as 24 hours to return a vehicle. Ask beforehand if the dealership accepts returns. You may be entitled to a full refund; you may have to take a pro-rated reduction for the time you had the car in your possession. Even if you can't get your money back, many dealers will work with you and even offer you a trade-in to purchase a different car.

2

Review the Lemon Laws. In Texas, you may be eligible for a car return if you've tried to repair a problem with the vehicle twice within the first year or 12,000 miles and twice more within the second year/12,000 miles after purchase, with no success (the Four-Times Test). You may also be eligible for a car return if you have two unsuccessful repairs of a serious safety defect once within one year or 12,000 miles and again within the second year/12,000 miles without success.

3

Search for contract loopholes. There may be certain legal restrictions, such as age or marital status, that prevent the dealer from selling you the car in the first place --- and usually nullify the agreement. Read your contract carefully to identify any such instances.

How to Convert a Money Factor to an Interest Rate

Converting a money factor to an interest rate is very important when you are negotiating a lease. The money factor can be converted into an APR percentage. There is a formula commonly used to calculate a money factor into an interest rate.

Instructions

1

Grab your calculator. The money factor formula can be converted as follows:

Money factor = .00625

.00625 x 2400 = 15 (or 15% APR)

Always calculate by 2400. It has nothing to do with the length of the lease. This formula will work for you every time when you convert a money factor into an APR percentage.

2

Watch out for quick talk. Most salesman with brush over the money factor very quickly and mask it as a percentage by calling it 6.25 (using our example money factor). The money factor is not 6.25, it is .00625.

3

Compare your money factor to current APRs. The money factor should not be higher than a regular APR you would be qualified for based on your credit. The money factor is a slick way for dealerships to make money on leases.

Ford Windstar Transmission Problems

Produced from 1994 to 2003, the Ford Windstar is a minivan from the Ford Motor Company. Its earlier model-year entries have significant problems concerning certain components of its transmission.

Failures

Some Ford Windstars have a problem with the failure of the torque converter and the transmission clutch piston. These components work together in changing the ratio of torque to speed between the minivan's input and output shafts.

Models Affected

These transmission problem affect the first two model years: the 1995 and 1996 Ford Windstar. The other seven model-year entries are virtually unaffected.

Cost

As of September 2010, it costs about $300 in parts and $200 in labor to repair the torque converter. For the transmission clutch piston, the cost is estimated at $200 for parts and $871 for labor.

How to Buy Bank Repo Cars

If you want to "buy bank repo cars" to get a deal on an automobile, you can find fairly new and late model cars at a price well below current retail values. While bank repo cars are generally available only when people buying cars do not complete the terms of the loan agreement in a timely manner, there are several different steps to locating and purchasing a repossessed car from the bank.

Because the lender has a financial obligation to repossess the car and sell it to a new buyer to recoup any fees lost in the original car loan, you can benefit from the banks desire to sell a quality bank repo car at a low price.

Instructions

1

Locate lenders with bank repo cars for sale. Call your local bank or credit union to determine the dates for auto auctions for repossessed vehicles.

2

Develop relationships with the repossessed car middlemen. There are companies online and advertising in your local phone book (who sell bank repo cars) at private sales, online sites like eBay and auto auctions.

3

Obtain auto financing. Get pre-approved with a lender to buy the bank repo car. If you have the funds to buy the car without financing, use a credit card or certified funds to purchase the car. Cash is usually accepted, but hard to recoup if there are problems with the automobile.

4

Inspect the car before purchase. Bring a mechanic to check for any damage to the vehicle's body and inner parts. Ask for a CarFax report and car maintenance records before considering buying a bank repo car.

5




Understand the car auction and bidding process. Factor in the costs for buying a bank repossessed car. You might have to pay an entrance fee to enter the auction. Beware: If you bid on a car you are expected to make a purchase.

The Risks of Buying Fleet Cars

Buying fleet vehicles can be a good way to get a lower price on a particular car. However, it can also be a way to get stuck with a high-mileage car that has not been maintained properly. Price should not be the sole factor in a fleet car purchase. Mileage, maintenance records and the reputation of the company that is selling the car have to be considered in order to prevent getting stuck with a lemon.

Mileage May Not Be Accurate

Fleet cars that are purchased directly from rental companies are safe from odometers that have been tampered with. There is a risk, though, with buying a fleet vehicle from a private party at auto auction because the mileage may not be accurate. Odometers can be turned back on fleet vehicles with high mileage in order to get a better price from the buyer. When buying a fleet car, it is best to purchase one directly from a rental agency or the company that has used the car instead of from a private party.

Rental Fleet Cars Have Many Different Drivers

While buying fleet cars from rental agencies can be good because mileage and maintenance records are accurate, it also comes with one negative. A rental car may have had hundreds of different drivers before it was sold by an agency. When someone only drives a car for a day or a weekend, they frequently are not as gentle with it as they would be with their own car. A fleet vehicle purchased from a large corporation was probably only used by one or two drivers. This type of fleet car probably underwent less harsh treatment because it was used by one person for a lengthy period of time.

Fleet Cars Can Miss Regular Maintenance

It is recommended with every new car that it be broken in properly. This ensures that the engine and its parts have the proper time to get into top working condition before the car is put into strenuous use. Fleet vehicles are often not broken in properly because they are immediately put into use. Regularly scheduled maintenance, like oil changes and tire rotations, can be erratic because the car may be in use when the mileage for a particular maintenance rolls around.

Good Used Cars to Buy

Buying a used car presents a difficult choice. There are many factors to consider which include the reputation of the brand, why you need a used car, gas mileage as well as the current condition of the used car. All of these factors must be held against the listed price so that you get the best deal possible. Knowing your vehicles--and a few used car tips--you can save you a lot of money in the long run.

The Best Way to Hunt for a Used Car

The best used cars have reasonable mileage (80 to 100k miles), are no more than 6 to 7 years old, and fit your specific need. Decide whether you need a truck for hauling materials or if you are simply looking for a commuter car. Also, have a maximum amount of money you want to spend and stick to that price.

Pick out some dealerships near you or ads placed by private owners and do some online research based on the types of cars available. To get an approximate value of the used car, look at the Kelley Blue Book Website (kbb.com) so you have a rough idea of where to start. This price may go up or down depending on the mileage of the car and if any repairs need to be done. It is also wise to look at the CarFax report on the specific vehicle (carfax.com) and make sure there is not a history of accidents or repair work.

When you arrive at the dealership, focus on test-driving the car you came to buy before looking at others. Look beneath the used car to see if there are any oil leaks. While test-driving the used car, make sure that the car shifts gears fluently and that the breaks do not rub unevenly or cause the car to hitch while stopping.

Take the car to your personal mechanic and have them do a point by point inspection to make sure there are no major problems.

The Best Used Cars

There is some controversy on whether or not domestic or foreign cars are better as used cars. Over the years, two things are clear: foreign cars seem to last longer, but domestic cars are cheaper to maintain.

For commuter cars, the Saturn L200 is a well-built vehicle that will last well over 100k miles, and generally runs for $3,400 used. The Ford Focus is another car that works well for those on a budget who are looking for a commuter car.

According to edmunds.com, Hyundai cars years 2002 to 2007 are excellent choices. Toyota Camrys are also well known as being reliable used cars. For SUVs, a 2005 to 2007 Chevy Equinox is a highly rated used car. For pickup trucks, edmunds.com recommends a 2002-2007 Toyota Tacoma.

How Do I Purchase a Car From a Private Owner?

Retail and private vehicle sale values sometimes differ by thousands of dollars. However, you'll have to find your own financing (if necessary) and complete your Department of Motor Vehicle paperwork on your own (dealers do all of this for you).

Benefits

One of the benefits of buying a vehicle directly from a private owner is saving money. You also don't have to worry about traditional dealer hassles, such as rushed purchases, inflated interest rates or pushy salespeople.

Considerations

You have to find financing for yourself if buying privately. Edmunds and Kelley Blue Book websites both provide private-sale values on used cars, so research the car before you agree on a price.You can use a local lender, but obtain a pre-approval before heading out to shop. Pre-approvals can take up to several days, in which case you can lose the vehicle if the seller does not want to hold it. With a pre-approval, you can return to the bank with the vehicle identification information, sign your contract and receive a check for the seller.

Warning

Dealers are required by state law to make sure a vehicle passes state inspection before sale. A private seller does not. In addition, it is common practice to sell a used vehicle "as is" for a private sale. If you want to buy the car, protect yourself from future repairs and expenses by taking the car to a trusted mechanic or by having one come with you to look over the car.

How to Enter a VIN to Get Information on a Vehicle

Every modern car has a VIN, or Vehicle Identification Number. VINs are most often put to use when a car is sold second-hand in order to ensure that the seller is being honest about the history of the car being sold. A VIN will reveal how many people have owned the car, the car's inspection record, if the car has ever been in a major accident and if the car was stolen.

Instructions

1

Request the VIN from the seller of the car you plan to purchase. If you want to look up the VIN of a car you're already in possession of or have easy access to, you may be able to find the VIN on a plate or sticker inside the driver's side door.

2

Use a search engine, such as Internet Explorer or Firefox, and navigate to a website that provides a VIN lookup service; a few options for such sites are listed in the Resources section below.

3

Type the VIN in the website's search window. On any VIN search website you select, you'll find a window on the homepage allowing you to enter the VIN you wish to search. If your VIN is legitimate, a short description of the car will appear.

4

Select the payment option for your VIN search; all of these sites will charge a small fee for the VIN lookup service. These sites all offer discount packages for multiple VIN searches. Once you've paid, you'll have access to the car's VIN history.

The Best New Car Buying Strategy

There are numerous ways to buy a new car these days. Buying online on eBay is one of the newer ways. Then there's the old fashioned way of going to the dealership and picking out the car that you think fits you best. Yet by combining all of the tools at your disposal, you can find the best possible car at the best possible price in a much more efficient way than ever before.

Research

Online or in person, research all of the cars you might want to buy. Check their safety ratings, their warranties and reviews from critics and other customers alike. Research the prices in various areas or states or online, outside of your area, so you know what price ranges you can negotiate within. Make sure the car fits you. If you have children, is the automobile you're thinking about right for them? If you want a sporty convertible, how does the top of the car hold up over a couple of years? Research everything as much as you possibly can, as the more information you have going into buying the car, the better off you'll be at getting the right deal.

Test Drive All the Cars

Once you've settled on a few different models of cars, go to the dealership that has them and take them for test drives. Drive them hard and fast. Try to stop on a dime. See for yourself how they respond to you and your driving habits. If you don't feel comfortable in the car after your test drive then there's something to think about before buying the car, as you're going to be driving it for at least a few years after you buy it.

Negotiate your Price

Always negotiate your price off the sticker price. The MSRP is the Manufacturer's Suggested Retail Price, which is often marked up by the dealership so they can make some extra money. This is always negotiable, especially if you can find a better deal online or in the area. So haggle with your salesperson at the dealership. Say you'll pay that full sticker price with certain options and warranties added on, otherwise you'll go to another dealership and buy the same car for less. This is where the research is incredibly helpful so you can get the best possible deal.

How to Find a Car That Seats Seven

While you may dream of owning a fast sports car or a swish convertible, those with large families know that a seven-seater car is mandatory. Car makers know this and there are many on the market. Sourcing the right one is a simple process when using the right online resources and potential cars can be found within a series of mouse clicks.

Instructions

1

Go to Yahoo! Autos. Click on "New Cars." Click on "Car Finder" that can be found under the "New Cars" option.

2

Look down the list labeled "Narrow Results By." Click on "Seating & Capacity." Look at the sub menu that appears directly under "Seating & Capacity." Select "6-7 seats." Select one that suits your tastes and click on it.

3

Click on "Standard Features" on the left-hand side. Scroll down the page and click on "Seats." View the seating information to see if it suits your needs.

How to Get a Good Deal On a New Car Purchase

Now is a great time to buy a new car, but you should do your homework before signing on the dotted line. By taking your time, you will get the best deal possible on a new car purchase. What's great is you don't have to be an expert negotiator to do so!

Instructions

1

Research all cars you are looking at and weigh the pros and cons with each one. If you already know what car you want, this makes figuring out what car is perfect for you a lot easier. Then you just need to figure out what model, features, and color you want.

2

Complete research online at www.edmunds.com. This gives you the MSRP, invoice, as well as any and all incentives and special financing available on the car. The estimate is what others are and should be getting the car for so walk away if a dealer doesn't even bother to come close to that figure. Also click on Get An Appraisal if you are trading in a vehicle so you have a leg to stand on if
the quote they give you for trade is lower than you expected. Another great resource to check is kbb.com so you have more information on hand when you go to deal on the car. Also have in hand what other dealers offered to you so the next dealer will try to beat their best offer.

3

Never act excited about the car you are wanting to purchase. There is a fine line between indifference and overexcitement but if a dealer sees you fall in love with a car, you won't get the best deal possible. Know there will be some haggling and even after they come back with their best offer, see if they can take an additional couple hundred dollars off. They would rather give you that extra money than see you walk. Finally give them additional coupons once the price has been determined. I turned in $185 off coupon after the vehicle price was already discounted greatly, giving me additional savings!

How to Check Out VIN Numbers for Vehicles in Canada

A vehicle identification number (VIN) is unique to each vehicle since 1981. They improve due diligence when buying a car, since theft and major car damage can be looked up by VIN. Many stolen vehicles flow through the U.S.-Canadian border, with Detroit being a well-known hot spot. Therefore, if you're interest in buying a used car in Canada, you may feel compelled to perform some due diligence to make sure the car isn't stolen. Fortunately, you can acquire a history report on the car easily enough or use a VIN validator to check for a fake VIN.

Instructions

1

Run the VIN through any one of the free online VIN validators to confirm that the VIN is real. At Decode This, Brenz and Brenz, enter your VIN number at the top of the page. At VINquery, enter the VIN on the left side.

2

Verify that the VIN under the lower right corner of the windshield matches the VIN at the bottom of the driver's door, the owner's manual VIN, and any ownership permits and proof of insurance forms.

3

Order a car history report using the VIN at Carfax, Consumer Guide, Is It a Lemon or VIN Central. These sites typically charge a fee. The seller may be willing to pay for this if he is confident in the vehicle. Read the report, looking for any report of theft by law enforcement officials.

4

Use the car reports for non-theft due diligence as well. Compare the last owner named in the history report against the person selling the car, not just to protect yourself against receiving stolen goods but also against "curb stoning." This is when a dealer has a car that isn't good enough compared to the rest of his lot, so he enlists a salesman to pose as the owner and appear to sell it privately.

5

Examine the history report for odometer reading inconsistencies. Readings taken at emissions tests might go backward, for instance. History reports usually flag this information indicating a possible odometer rollback.

6

Examine the history report for recall history and accidents, as well.

Monte Carlo Engine Problems

The Chevrolet Monte Carlo was released in 1970 at the height of the muscle car--a vehicle built for extremely high performance. Produced until 1988, the Chevrolet division of General Motors brought it back for 1995 until 2007; the cars of this production cycle have been far from reliable means of transport, with one of the major flaws being the engine.

Significant Engine Problems

There are multiple major engine problems concerning the Chevrolet Monte Carlo. They include failures of the fuel injectors, evaporative emissions canister vent solenoid, crankshaft sensors, fuel pressure regulator, exhaust gas recirculation (EGR) passages, timing belt, idler pulleys, and upper and lower intake manifold. These problems usually affect the model years between 1995 and 1999, as well as 2003 and 2004.

Moderate Engine Problems

Occasional problems with Chevrolet Monte Carlo engines include wiring harness failure at the car's air conditioner (A/C) accumulator mounting ring, which can adversely affect engine performance; and the powertrain control module (PCM).

Cost

The cost to repair Chevrolet Monte Carlo engine problems, as of September 2010, varies widely. With the moderate defects such as that of the A/C accumulator mounting ring and PCM, they do not cost more than $60 for parts and labor. On the other side of the spectrum, it costs about $635 for parts and $143 for labor to fix the upper and lower intake manifold.

How to Negotiate the Purchase of a Car with a Rebate

New car rebates can save you hundreds or even thousands of dollars. Vehicle manufacturers use rebates to spur sales of slow-moving models, stimulate business in slow seasons and clear out old stock at the end of the model year. Dealers may try to trick you into paying a high price for your new car even though it has a rebate. You can counteract this by knowing how the rebate should play into your negotiations.

Instructions

1

Find all the available rebates for the car make and model you plan to purchase. Most rebates are advertised prominently in television ads and newspapers but there could be unadvertised special too. For example, some vehicle manufacturers give a rebate to recent high school or college graduates, military personnel or people who own a competing car brand. Sometimes there are also incentives in certain states or regions. You can do a free search for rebates on automotive research sites like Yahoo Autos or Edmunds.com.

2

Calculate the dealership's cost for the vehicle, the Negotiation Dynamics coaching website advises. Generally you can get a good figure by finding the invoice price on an automotive research site and subtracting the holdback, which is money given to the dealer by the manufacturer on every car. You must also subtract any factory to dealer incentives, which leaseguide.com explains is money given by the manufacturer directly to the dealer. Holdbacks and incentives will be listed on automotive research sites. This gives you a base figure from which to determine a fair offer amount.

3

Read online forums at sites like Edmunds to see what others in your area are paying for the same type of car. A slow-moving car might be selling at or below the invoice price, especially if it has larger dealer incentives. Popular models may sell for $100 or more over the invoice amount. Formulate an offer based on your research and the lowest selling prices in your area.

4

Visit local dealerships and make your offer. Explain that you know about the current rebates and that you expect them to be subtracted from the negotiated price. They should always be separate from your negotiations because the money comes from the manufacturer, not the dealer, and it will be the same no matter where you actually buy the car.

5

Read your vehicle purchase contract carefully before signing it once you come to an agreement with a dealer. Make sure you are paying the negotiated price and that your rebates are being subtracted from that price.