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In this section it is described how to find and value the car, and how to successfully
negotiate the sale. The ideas presented here should be used as a basis in understanding
this text.
It is important to understand Depreciation and "Book" Value. The
"Book" Value refers to the dollar value of a car in average condition
based on the year, make, model and mileage, among other things, listed in any
one of a number of guide books commonly used in the car industry by everyone from
car dealers, mechanics to insurance companies. Listings presented here are made
for cars in average conditions and may differ from those made for cars in excellent
condition or those in very poor condition. The "book value" should be
considered as the most important part of making a car deal. In the first and second
years a car loses the most of its value, almost 40%. The "book" value
is declining on a steadier rate after this period. Therefore, we generally recommend
looking for and buying cars that are at least two years old. A buyer should know
that mechanical malfunctions can often be fixed and car restored to original state.
This however, doesn't apply to body damage. It can't be restored to original state.
The buyer, must thoroughly investigate car's history before any negotiating.
We are recommending that a Carfax
Vehicle History Report is puled and reviewed on all prospect cars before the
purchase decision is made.
The #1
Rule to Buying Used Cars:
Emotions should be disregarded when buying a used car!
A successful buyer should avoid stepping into a trap of emotions when buying
a car. One should never become overexcited by a car. Car and all relevant information
about it should be closely examined. Then the arguments for and against should
be weighted.. Most of the people buy a car without even test driving or pay the
price without estimating the real value of the car.
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