Like so many broken down old cars, the old Plymouth sat forlorn and alone at the far edge of the driveway. Even from a distance, it looked like it was a mess, its green paint was peeling away and the hood, which for some reason had a flat black square in the middle, was entirely oxidized. Up close I could see that the interior was just as bad as the exterior. The dash pad was totally cooked and the vinyl seats had split wide open along their seams. My buddy Rick, however, insisted the car was cool and to prove his point he raised the hood to show me a tired old engine that he insisted was a 383 big block. I looked it over, noting the four barrel Holley double pumper without an air cleaner and the unpainted valve covers that had leaked an impressive amount of dirty black oil over the years, and tried to find something to be positive about. Finally I found it, bolted to the inner fender was a splash of faded purple and a sticker featuring a cartoon character. Its text proclaimed “Voice of the Roadrunner” and I knew in an instant, with all the certainty that 19 years of life experience had given me, that my friend had been right all along. Read More >
Category: Car Buying Tips
Car salesmen call buyers like me, “squirrels.” It seems like whenever I buy a new car, I pull a handbrake 180 turn at the last moment and purchase a completely different vehicle than originally planned. Last week I was so close to buying a new Mustang GT with the Track Package that a friend at Ford was poised to set me up with an insider deal. The only problem was I seemed to have forgotten that this will not be my daily driver so why was I analyzing SYNC Packages, luggage space, resale value and the like?
I regrouped and asked myself two questions: which vehicle will have the soul of the two most fun cars I have ever owned, the 1994 Mazda RX-7 and the 1988 Honda CRX-Si? Why do I live in sunny San Diego and have never owned a convertible? The halogens went off in my head. As fate would have it, a dealer I know had just traded for the exact car I wanted. Say hello to my little yellow friend. Read More >
When it comes to buying a used car there are two basic negotiating mindsets. You can either be fair and decent or unfair and obnoxious. If you seek to chisel and deceive then chances are you will get a bad car. Only the desperate and deceitful are willing to put up with that type of BS.
Want a ‘great’ car? Then realize that many sellers respond extremely well to honesty and decency. Win – win is no sin. So, karma lovers, here’s some tips for negotiating the purchase of a used car by observing the Golden Rule.
You can rigorously apply the tests described by previous installments of this series without encountering a single setback. However when it comes to buying a used car, it pays to assume one simple salient fact: you don’t know the complete truth.
At least not yet.
Car owners have a warped view when it comes to their automobile’s cost.
When you ask someone the, “How much did you spend..” question, their usual response is to take the price they paid and just let that be that.
“Oh, I got this Mercedes for $50k.” They then will usually go about telling you the options they chose, and other trivial realities related to the car.
But as we all know, that’s not the question.
Wherever the hollow tubes of the InterWeb may reach, there you will find the argument that “it’s always a better idea to buy a CPO used car than a new one.” The mean transaction price of a new car in the United States is about $29,000. That kind of money will get you a loaded-up Camcord, a discounted LaCrosse, or any number of other mass-market sedans… but can it get you the BMW of your dreams? A friend and former co-worker of mine decided to find out, using his own time and money.
(Dramatic voice) This… is his story.
From the good old days of 2007…
“Is that yours?” Millions of car buyers spend billions of dollars hoping that this statement will be born of admiration rather than pity. When these words come out of a car dealer’s mouth at trade-in time, they can be especially hurtful– even if the salesman is as honest as their spiel is long. That’s the moment when most car buyers finally discover whether or not their automotive “investment” has walked off a cliff and fallen into the financial abyss known as depreciation.
Here’s how to avoid the freefall.
I get a lot of emails from auto enthusiasts. About 60% of what I get comes down to this question.
“Can you get me a high demand vehicle at a disgustingly low price at the auctions?”
The short answer is no. Just as an athlete can’t contradict the laws of physics, I can’t control the free market aspect of a dealer auction. In my world a car is bid on by dozens of professionals until the last man pays the most. If you want a Toyonda or the latest and greatest wheels that are based on yet another ‘”Fast & Furious” ripoff, then you have to pay the premium.
As for unpopular cars, they are a different story.
Tesla released the finalized features and pricing for the Model S sedan this week, with deliveries of the most expensive variants to begin in “mid-2012,” the others to follow by the end of next year. More than a few people who thought they were going to be able to buy a “premium electric sedan” for $50,000 seem miffed by the final pricing. Yes, there will eventually be a $50,000 car (after a $7,500 tax credit). But it won’t have full motor power, leather, nav, or the ability to use fast-charging stations. Tick off all the boxes, and the Model S pushes double the hyped number. But, let’s face it, these guys have to turn a profit and must pay at least as much for parts as the big established car companies, on top of that big expensive battery pack. So does the announced pricing seem reasonable?