Tips for buying a used car??

lose lose win

gnothi seauton
Aug 3, 2011
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So I'm in the market for a used car. Nothing crazy, I'm not balling like some of you. Looking in the 18k 2009 range. If I remember correctly there're some guys from the industry on this board and I was hoping to get a couple of questions answered.

Typically, how much mark up is there in a used car that has a sticker price of 18k? I realize it would be different in every circumstance but surely there are some guidelines I could use? And how much of that are dealerships willing to play with? Is it feasible to get 2-3k knocked off the price?

There was that thread where someone posted a method for this but I believe it involved having to actually go to the dealership in person. So far I've just been using auto trader to get a list of the available cars within 300 miles of me, so going in person to each one doesn't work.

I'm about to start going down the list and calling these dealerships and would appreciate it if someone could help me go in a bit more armed than the last time I bought a car. In retrospect, I definitely could have gotten it a bit cheaper. Lesson learned. That shit isn't happening this time. I want bottom fucking dollar.

Would appreciate any advice.

inb4 peasantspottedletemhaveit.jpg
 


what you have in mind? 2 seater/5 seater? practical runner? something sporty for fun? etc..

I guess it doesn't matter if you're ballin, but I only buy used, there are some pretty nice volkswagon golf diesels which have 50mpg and do 200K miles without issues. But I won't imagine many people in Los Angeles would drive a car like that. You guys like big long cars with big boot. Over here we like smaller cars.. Cos UK is so cramped parking is a complete bitch for big cars.
 
inb4 peasantspottedletemhaveit.jpg
Driving a used car doesn't make you a peasant. Ryan Eagle drives a used car.

Being a peasant is about being unable to think outside the box, thinking small, being a slave to your emotions, chasing superficial and short term rewards, and generally being a fail, possibly while at the same time, representing yourself as a baller on the internet. Real ballers don't have to represent. The people who matter know how they are.
 
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Lol the CEO of a big brand I used to work for drove a Prius.

When I buy a used car I take it to a shop or look at it myself to determine a couple of things:

Are the wheels fucked up, does it need an alignment
The usual maint done? Belts, etc.
Also Tires, Brakes, Exhaust, under carriage
Clean interior?
 
Dont buy from auto dealerships. Go after owners trying to sell. But before you shop or call around get pre approved at your local credit union.
I bought my wife a used jeep; 29-31k brand new, 23-24k used at dealers, I paid 19k from a private seller, the thing only had 9k miles on it. I call it slightly used, still had the new car smell and everything.
 
spend a little time on auto forums and compile a list of common problems with the model you are looking at along with the approximate mileage at which they typically appear. Find out which of these problems have already appeared in the car you are considering and if they have been addressed by the current owner or not. If the owner tells you he hasn't had any of the common issues for the model you are considering assume that you will have all of them and adjust the price of the car accordingly. If he admits to having some problems, get the service paperwork to document the repairs he has had made or consider him a liar and assume you'll have to deal with them yourself down the line.
 
Driving a used car doesn't make you a peasant.

Yeah, I was just kidding. If I had a million in the bank I'd still buy used. Someone else can lose that 5k for driving it off the lot.

Dont buy from auto dealerships. Go after owners trying to sell. But before you shop or call around get pre approved at your local credit union.

I think i will check out a credit union. Hadn't even thought of that. Mainly just because I've never used one. I was always under the impression that you had to be an established member of the union in order to qualify for a loan?

spend a little time on auto forums and compile a list of common problems with the model you are looking at along with the approximate mileage at which they typically appear. Find out which of these problems have already appeared in the car you are considering and if they have been addressed by the current owner or not. If the owner tells you he hasn't had any of the common issues for the model you are considering assume that you will have all of them and adjust the price of the car accordingly. If he admits to having some problems, get the service paperwork to document the repairs he has had made or consider him a liar and assume you'll have to deal with them yourself down the line.

Good advice. I actually have done some forum research and have a good idea of what issues to look for. I'm the type that will over research something. Sometimes to the point that by the time I'm done, I'm already tired of whatever it is that I was going to buy. This has saved me some serious cash over the years. I know everything you could possibly want to know about any mountain bike produced in 2010 yet I don't own one.

Looking at this currently:2011 Honda Accord Coupe
 
my tips.

For one if you want to see what the real market value of a vehicle use a combo of CL,KBB, and sold auctions on ebay.

Decide on a make, model, price range, BEFORE you really go shopping.

Of course dealers will always be charging you more period. If you're looking to pick up something at that age range you probably would save a lot buying from an owner. Shop financial intuitions for your financing, once you've decided on what vehicle you want. Most dealers are just giving you an indirect loan anyway.

Check out local credit unions, a lot of them are charter based so just living in the area qualifies you they tend to have competitive rates, but fewer fees.

Even if you do your financing at the dealer you can usually haggle a 1-4K range on most vehicles. Just remember most of them will wiggle on price, but they more than make up for it with options, extras, fees, GAP insurance, warranty, etc.

If you do go dealer, if there is any type of rebate etc. vs lower interest do the math the rebate works out to you paying a lot less in most cases.

Basically just buy the car you can afford at a price that's fair, and don't use the peasant logic of getting the most vehicle for the lowest monthly payment.
 
I think i will check out a credit union. Hadn't even thought of that. Mainly just because I've never used one. I was always under the impression that you had to be an established member of the union in order to qualify for a loan?

A lot of CU's have indirect lending programs already. What that means is that the dealer can give you the loan through the CU. (although i would apply with the CU directly to and see if they are running promos.)

Say you get a loan through a charter based CU.. you just have to meet membership criteria and they will loan you the money, but will require you to open a savings account. (with a little to no required balance) A lot of times you can get lower rates with most CU, commnity banks, etc. if you have a relationship with them such as a checking account with direct deposit.
 
Even if you do your financing at the dealer you can usually haggle a 1-4K range on most vehicles. Just remember most of them will wiggle on price, but they more than make up for it with options, extras, fees, GAP insurance, warranty, etc.

That's the kind of info I was looking for. 1-4k is a wide range though. I've made a few calls and these fuckers don't seem to want to come down more than $500.. I know there's more room than that. I hate being treated like I'm a fucking retard.

I just called up five dealerships, left my number and told them I'd give them 2k less than what they were asking. Call me back if you can swing it, if not, happy Memorial day.

Guess we'll see how that works out. They didn't really seem like they cared either way.
 
That's the kind of info I was looking for. 1-4k is a wide range though. I've made a few calls and these fuckers don't seem to want to come down more than $500.. I know there's more room than that. I hate being treated like I'm a fucking retard.

I just called up five dealerships, left my number and told them I'd give them 2k less than what they were asking. Call me back if you can swing it, if not, happy Memorial day.

Guess we'll see how that works out. They didn't really seem like they cared either way.

People's ability to maintain a strong position in a negotiation is oftentimes severely limited when there is actual cash in front of them.
 
People's ability to maintain a strong position in a negotiation is oftentimes severely limited when there is actual cash in front of them.

+1

you won't get the "one time only-let me check with my manager-super special-we don't do this for anybody-deal" until you really go in for a test drive and start a negotiation then attempt to leave.

just remember most of your typical brand car dealers aren't in the biz of flipping cars for profit they sell financial services for commission. Most of their used inventory came in on trade-ins which help them sell the new cars.

The advertised prices will all probably look about the same between dealers on the same car so they can be competitive and get you in the door. While there is always wiggle room they probably have the car marked pretty low already (at least compared to other dealers)

Most of your negotiation is in financing terms, options, warranties, etc.
good luck on the search!
 
Things to check for... (you have your work cut out).. don't just assume it'll be OK cuz you're buying from an established dealer. Be meticulous. You're dropping your dimes on this so there's nothing wrong with being a little anal about the details.

1. Tyre Tread.. is it deep enough? Some cars are expensive when it comes to tyres.

2. Tyres .. all the same brand and same sizes? Are they the right size for the model?

3. Paintwork = Always check in the creases for any bubbling cuz that means rust.

4. Speaking of rust... check the underside of the car.. are the bits of the suspension in good order? Some modern cars are all covered up under there so you might want to take a mechanic friend with you. Either that or get a stranger and pay him $100 for his trouble. Better that than ordering a new suspension.

5. Interior electronics.. working well? Fans? Heaters? Seat adjustment? Sat-nav? How about headrest adjustment? Any warning lights?

6. Have a look under the bonnet... no funny mods? Good. If you aren't up to scratch, that $100 for the mechanic might be well worth it.

7. Exterior lighting.. check all beam settings. Check interior lights aswell.

8. Interior switches.. have a little tug and twist. Many 'non premium' cars have questionable build quality. Chances are, the switches may have fallen off at some point and the owner is just praying you don't touch it and find it that it falls off. Press and twist everything.. unless you don't mind dodgy switches.

9. Interior leather/cloth quality. Have a proper look. Look within the seats, under them e.t.c. Most cars have been puked on... people have got a little too excited in them and bodily fluids have been excreted. Not a big deal as a good professional clean will sort it.. but sometimes you'll find stains, cuts/tears/holes in the leather.. too much creasing (a sign of heavy use.. high mileage... check the leather if you think the mileage is too good to be true).

10. Service history - Critical. Full service history from the dealer or an expert independent garage? If it wasn't, I'd walk. When was it last serviced? This may not be a big deal but check the mileage between services. I can't give proper numbers because it differs with every car but a car serviced over a year ago.. be careful.

Also, a car that was serviced a long time ago and hasn't had much mileage on it till now.. be careful. Might be a problem car. then again it might be that the owner just didn't use it hence the sale. Your mechanic companion would help.

11. Mileage - I don't know about American cars all that much but in the UK, most cars are NOT chain driven. They have a cam belt (timing belt) which is a bitch to replace on most of these cars. Most of the time they say it's an engine out job and so it costs a lot of money.

I'm pretty sure cam belts should be replaced every 50,000 miles. If you potential car is hovering around that mileage, ask if the job's been done. If it hasn't, either budget for it in your negotiations (I'd say around $1000 off) or look at other cars. This is especially true for a performance car with a smaller engine.

High mileage MUST have a full service history. It's not really a reason to walk away from a car as some cars with 100,000 miles on them run better than those with half. It comes down to maintenance.

12. History - has it been in an accident? Stolen before? Bought in an auction after being impounded? Do an HPI check. You don't want to be driving a car that's been welded together by an amateur underneath after a big accident for obvious safety reasons.

13. Test drive - How's the ride? Crashy? If the rims are under 18" then that's something to be concerned about (suspension or tyres). It's all relative and it depends on the car. I'd test 3 different cars of the exact same model before making a decision. Test the handling too.. Most cars have a tracking issue... they tend to move to one side if the steering is in a neutral position. That could be a fucked up suspension or just a tracking issue. If it's a tracking issue, negotiate it into the price. Should be like $50.. don't know.

Rev the engine all the way to the red line and listen to how it sounds. Any weird clattering? Does the engine hesitate when you give it the beans? It should rev freely if it's a small engine (inline 4/boxer).. or smoothly and lazily if its a v6/v8. Basically, nothing weird should happen. Might help to have mechanic in with you.

If it's a manual, how's the clutch travel? Here's where comparing with 3 different cars of the same model helps. Also, is there too much judder when you lift the clutch to the bite? Do you sink your foot and the revs go up but your car doesn't go faster? That's a slippy clutch.

Gear shifts.. overly tough? Usually, if changing gears is too much work, something is wrong with that gearbox. It probably needs lubricating.. or its worn cuz the driver was shit at driving manual.

I have no experience with autos.

Styling - Look out for any scratches, grazes and ESPECIALLY fucked up wheels or Curbing/Kerbing. Factor the cost of restoration into the negotiation price.

Look inside for general wear and tear. Some people smoke in their car. Does it smell like smoke? Unless you smoke too, I'd leave it. I'd also check for cigarette butt damage.. it burns carpets, seats and dashes.

Always check for chips in the windscreen.. a given.

Finally... EXHAUST!!! This fucked me when I bought my car. Check to see if its mounted properly. Also, check for any cracks/holes in it. Check the entire exhaust man. Does the car sound funny? does it run clean? It's not overly smokey right? If it is, something ain't right....

There's probably more.. but after years of watching Wheeler Dealers, this is what I can remember!
 
Rocking up with $15k in cash and offering it to them would have been the best approach in the old days. Unfortunately, post-9/11, it's likely to get you slung in jail for being a terrorist.

Some good stuff above, to which I'd add:

-find out when the dealer's quarter end is (use some social engineering). Oftentimes sales people (and dealerships) have to hit specific targets every quarter to make their bonus. This leads to a desperate need to close deals at the end of the quarter.

-negotiate as far as possible BEFORE you do a detailed inspection. Act like you don't know you need to inspect it. Make the sales manager think they have the deal closed, then say "ok, I just need to check a few things with my dad / friend / whatever". THEN bring up the inspection. You can then use anything you find wrong with the car to get even more money off.
 
Nobody cares for cash.
Whats the difference between a check they can cash from a bank or dealer financing they make a fee on.