17
Jun

How I Became An Expert on Dealers

Important Things To Know When Buying Used Cars From a Dealer

There are a lot of people who would prefer buying used or pre-loved cars. Even if you can actually see a lot of good, brand new choices these days, a lot of people can still see some compelling choices that to buy a used one.

First, if there’s a particular model that you couldn’t afford before that you wanted so much to own several years ago, you may actually find one today with a much depreciated price. You may also have the cash to afford a used car without problems but you don’t want to get yourself involved with several years of payment that you might be required with a brand new car. You may have also seen a lot more value in a used car compared to a brand new car most especially if you only have a small business and you can save more cash if you do this.

However, keep in mind that because of the fact that these are already used cars, you may expect these to have its pitfalls. Not like a brand new car wherein it is expected to have everything running perfectly, you can only depend on the reliability of the used car based on the previous owner’s driving and maintenance habits. You may want to keep the following things in mind whenever you plan to go for a used car:

You should expect that you will be replacing more parts the higher the mileage on the car. Changing little things can be relatively inexpensive such as fuel filters and brake pads, but you should also think about dealing with major items like getting a new A/C compressor, new radiator, or even things like transmission overhaul. You should probably get a copy of the periodic maintenance of the car so that you’ll know exactly what you’re getting yourself into.

You should never be cheap. Of course, you’re always free to be thrifty, but delaying replacement of worn parts is a big mistake as this might cost you more than it should be. In case of the cooling system, delaying its needed replacement will only cause a domino effect.

You have to have enough budget for two things: initial car purchase and for necessary replacements. You might want to set aside, say 20% of the total price as your budget for fixing things. With this, you’ll have a proper budgets for parts that already need replacing.

You should still do some research on the car. If you’re interested in a particular model, you should talk with friends who also owned such model so that you’ll know better regarding the reputation of such car.

17
May

Overwhelmed by the Complexity of Dealers? This May Help

Types Of Vehicle Leasing You Should Know

It is deemed that vehicle leasing can be very beneficial in terms of finances for both the public and businesses. On the other hand, it’s easy to be bogged down with the different options available before you. Here in this article, you’ll learn about the jargon as well as other reasonable tips that can be very useful when choosing which contract hire or car lease deal to choose for your needs.

Number 1. Choosing a contract hire – contract hire is basically a vehicle leasing contract that’s so versatile because it works well regardless if you’re a partnership, limited company or sole trader. The biggest advantage for selecting contract hire is that, you’ll only have to pay for monthly or fixed rental and oftentimes included in the package is the service as well as repair of vehicle you’ve chosen.

It will be a smart move of you to make sure that this is included in any lease deals or offers to avoid dealing with hidden costs. The contract hire is only available for the duration of 18 to 48 months contract at which time you must return the car to the lender.

Number 2. Choosing personal contract purchase – otherwise known as PCP, this car lease deal is typically offered on a 2 to 4 year deal. PCP is also available to many interested individuals so long as they have good credit rating. It is almost the same to other kinds of lease available in that you’ll have to settle the initial low amount and which will be followed by fixed monthly payments. At the end of contract agreement, you’ll have to hand the car back to lender of if you want to, you can pay them to keep the car for good.

Number 3. Choosing personal contract hire – much like personal contract purchase, this is also offered on 2 to 4 year basis and is the best option for business and companies that are providing employees of certain stature of personal car allowance. Just like with other deals, you have to be sure that the service, repair and maintenance are included in the deal and that you are going to return the vehicle before the agreement expires.

When making initial inquiries about car lease, these are only some of the types of car leasing that you should be mindful about. Say for example that you have a bad credit rating or has recently started a new company on the other hand, there are several options that you can try if you wish to lease a car which you might want to inquire like lease purchase, subprime contracts or non-status contracts as well as hire purchase.