| Going out to buy a used car is a totally different | | | | the perfect vehicle does not exist. You may find a true |
| experience than buying a new car. A new car | | | | gem at a run down lot and you may very well |
| showroom compared to a used car lot is the first of | | | | purchase a total lemon from a new car dealer. It would |
| many differences. From sketchy individuals selling cars | | | | be a mistake to assume that independent dealers are |
| on the side of the road to the little independent lots | | | | all crooked and at the same time, you can not |
| around the city and even up to the pre-owned car lots | | | | automatically trust the new car dealers either. |
| at major dealerships, the used car business is still | | | | Take the time to thoroughly check out a used vehicle. |
| loaded with questionable methods. Here are just some | | | | Each use car has its own history. Sometimes, although |
| of the variables that will have to face while you are | | | | two used cars may look exactly the same, the |
| shopping for a used car. | | | | difference between the two may be astronomical as |
| Begin by realizing that every used vehicle is an original. | | | | far as reliability goes. Most people judge a vehicle by |
| There is no factory that you can call and order up | | | | how it looks making decisions that involve thousands |
| what you want. Every used car has a story. You | | | | of dollars on appearance alone. Take the time to |
| won't find an identical car down the road like the one | | | | inspect the vehicle. Do a background check- accident |
| you are currently looking at. You may find one that is | | | | report etc. Ask lots of questions. Do not allow your |
| the same year and the same color but the difference | | | | emotions to run the decision making process! |
| in condition can be huge. A perfect vehicle might sell | | | | Depending upon the year and mileage, financing rates |
| for $17,000 while the same year, make, and model | | | | vary greatly between used cars. Do not be surprised, |
| may sell for half that with high miles and hidden | | | | depending on your credit, if the rate varies as much as |
| damage. | | | | twenty percent! Basically, the way it works is, the older |
| Although the Canadian Black Book does provide a | | | | the car or the higher the kilometers, the higher the |
| guide as far as prices are concerned, there are no | | | | interest rate. Interest rate is a reflection of the risk the |
| fixed wholesale values or selling prices like you have | | | | bank assumes. The older the car, the higher the |
| with new cars. Shopping the price on a used car will | | | | chances of it breaking down. Repairs can sometimes |
| be at the very least difficult. The asking price I always | | | | be costly and may cut into the budgeted loan |
| fluctuating and is likely to change once mention of a | | | | repayment for the bank. |
| trade comes up. Unfortunately, the formula for finding | | | | |