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Buying a Used Car Successfully

Buying a Used Car Successfully Purchasing a pre-owned vehicle is currently a popular option for savvy buyers. It’s the cost-effective solution and can be a great option whether you’re looking to upgrade or buying your first vehicle. The reduction in price means that many people are able to afford a much more expensive model of vehicle than if they were buying new. This is because a new car begins to depreciate the minute it is driven away from the dealer’s lot, and the greatest reduction in price occurs between three and five years of ownership. If you chose a used car between three and five years old, you’re guaranteed to have a functional and high quality vehicle for a fraction of the retail price. Setting Your Budget and Choosing a Vehicle Before you start browsing, it’s best to set your budget and work out how much you have to spend. If you’re selling a current car, make sure you know how much it’s worth and whether the sale of it will cov

What to think about when buying cars for business

We’ve heard it all before, but the fact doesn’t change – a lot of small to medium businesses run on the back of their cars. When it comes to major purchases, you want to know you’re getting it right. Decisions in business should be grounded on numbers, not on impulses. So what can you do to make sure your car purchase is wise, strategic and contributes to the bottom line? 1. Figure out the car’s primary use If your business is purchasing a car or a vehicle, you have to ask the question, why is your business purchasing this asset? All vehicles are long-term assets and will likely be purchased with a long-term liability (a loan, in other words), so considering how much money the purchase can make for you is always a good idea. For example, if you need a car for short trips to carry documents, thereby saving on courier expenses, a small, second-hand compact car might be best. If you’re a tradesperson or someone who carries a lot of equipment as part of your jo

Trouble Finding a New Car? Shortages Begin to Appear

Taz Harvey had only one Sentra for sale at his dealership. Ford Motor Co. F +1.39% launched U.S. production last week of the auto maker's hot-selling Fusion sedan at a factory in Michigan, a move that highlights a broader problem for auto makers: They are short of the cars U.S. consumers want to buy. At Dublin Nissan in Dublin, Calif., owner Taz Harvey started August with one Sentra on his lot. The car was redesigned for 2013 and sales have since soared with its improved fuel economy luring shoppers. "I sell five or six a month and normally have 15 to 20 in stock," Mr. Harvey lamented. It is a similar story for Mike Rouen in Woodville, Ohio. His Chrysler Dodge Jeep store outside of Toledo has a half dozen Jeep Wranglers and about the same number of Grand Cherokees. "I can sell more than that in a month, and it's tough. We're having a hard time getting enough Jeeps," he said. On Tuesday auto makers are expected to

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