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3 Tips for Buying a Car from a Private Seller

A used car is a wise buy for any would-be car owner who wants to make significant savings on the purchase. A car is inherently expensive, but when it is a couple of years old, its price drops immensely to within an affordable range. If you are looking to buy one a private seller is among your options. Unlike used car dealerships, a private seller would be more inclined to offer you a better price. But this potential to save money comes with a risk.

Get acquainted with the car

It cannot be emphasized enough how important it is to get to know the car that you are going to buy. Even if you are not particularly willing to invest much in the purchase, find out as much as you can about the car. As enthusiastic drivers, you can say, we want any car, but this does mean that you should make any mistakes buying it.

Inspect the car thoroughly to become aware of its shortfalls. Have a mechanic do it for you if you are unconfident in your skills. Dig up the cars history and find up all about its past life/lives. An independent report is comprehensive, but expensive. If possible, ask the seller to provide the records. If they know their trade they will have all the paperwork ready for you. Check the car’s logbook and validate it. Check if the VIN matches the actual number.

Get acquainted with the private seller

Why are they selling the car? Did they get a low trade-in value? Have they lost any more use for the car? Is this the first used car they are selling? Finding out their intention will forestall any chance of buying a car that is being sold because of its mechanical faults.

Ensure they are the real owner of the car. All the paperwork should have their names on it. Working with the actual owner of the car will confine them legally, so they won’t oversell the car or sell it in an unworthy state as both are legal offences.

Ask as much as you can about the car. Where was it purchased from? What is the economy like? What kind of oil is regularly used? This will help you understand the condition the car is in. Ask for a test drive, and while on the road, try to learn as many attributes of the car as you can.

Negotiating

If everything else checks out, the negotiations will be the last hurdle to overcome. If you display your affection for the car too soon, the seller might exploit this advantage. Ask what the seller is willing to part with the car for. Be confident with your counteroffers and always be willing to walk away if the price exceeds your budget.

As a rule, never buy a used car the first day you see it. You should test drive it more than once before you close in on your decision. Compare different deals from within your area and beyond to see the best ones.

Should You Buy a Used Car?

It really is the age old question- should you get a used car or get a brand new one? While the allure of a new car is undeniable, with its extended warranty and the intoxicating new car smell, it is not very financially practical. A used car in good condition will offer the same level of service but without costing you a small fortune. Times are dire, and if getting a car with a five digit odometer reading means saving you a significant sum, you should be amendable to the idea of buying used.

Why a Used Car Makes Sense

There are more used cars Scunthorpe than you can count. This abundance will spoil you for choice. A new car that would have otherwise been outside your reach becomes more affordable when it’s used thanks to the factor that is depreciation. A new car, once driven off the dealership loses a significant percentage of its value. This could be thousands or even tens of thousands of pounds depending on model, resale value notwithstanding. Still not convinced that you should buy used? Well, consider that:

Cars Today Are Built To Last

A two or three year model will still be in a great running condition. Manufacturing standards are steadily increasing, and even a four year old car will still have many years ahead of it. If you are careful enough to buy a well maintained car, the running costs won’t be vastly different from someone who bought a new one.

You’ll be sheltered from the depreciation

The worst of the depreciation will have been suffered by the original car owner. The car will still lose value once it is in your possession, but minimally. If the car has a great resale value, you’ll hardly be affected by its depreciation when you finally decide to sell it.

You can still get warranty cover

A three year old car might still be covered in the original warranty once you buy it. If it is transferrable, you’ll get a cover that will afford you some peace of mind. This will mitigate your running costs, as most of the maintenance costs will be covered.

It will cost you less to insure

A used car typically costs less to insure, regardless of whether it’s a luxury model or not. Its depreciation will be reflected in the insurance cover. Your premiums will be cheaper. In the bigger picture, this means that the ownership costs will be more manageable.

It will be easier to get financing

Used car financing deals are more abundant. This is especially important for buyers with a less than perfect credit rating. Since it costs less to buy this car, many financiers will be more willing to stand by you, since the risk is somewhat smaller. If you can put up a sizeable deposit, financing for used cars Scunthorpe is almost guaranteed.

So in response to the titular question, the answer is yes, you should buy a used car. If you don’t care about owning the latest model, you’ll be contented because the benefits of buying used greatly outweigh the risks.

5 Red Flags that You May Have Purchased a Stolen Car

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5 Red Flags that You May Have Purchased a Stolen Car

There are few things in life that are as essential as owning a vehicle. While this isn’t true in some major cities that have complex public transportation systems, the majority of American citizens live in areas where they simply couldn’t get to work, school or anywhere else without a vehicle.
Luckily, for reasons ingrained in our blood, Americans get excited about the prospect of buying a car. Unfortunately, if a person unknowingly buys a stolen car, they could face serious consequences. That’s why everyone should recognize the red flags that they may be purchasing a stolen vehicle.
1) The Best Deal Ever - The old adage of “if it sounds too good to be true…” is undeniably accurate when it comes to purchasing vehicles. If a seller is trying to pawn off a relatively new vehicle in good shape for $1000, for instance, it’s likely that they’re trying to make quick cash off of a vehicle they’ve stolen. Not knowing that a vehicle was stolen is a legitimate defense against charges of “receiving stolen property,” but this situation creates problems.

Many courts will look at a “too good to be true” deal as proof that a person should’ve known a vehicle was stolen. In Minnesota, for instance, state law says that if a person knows or has reason to know that property was stolen, that they’re guilty of receiving stolen property. Unfortunately, getting a car for $1000 would likely fall under the having reason to know umbrella. For Minnesota residents faced with this scenario, seeking legal counsel from attorneys like the Kevin W DeVore law group or other qualified legal professionals is the best course of action.

2) Can’t Recognize VIN – The VIN (vehicle identification number) is the way a motor vehicle is tracked, and this can present a problem to thieves. Because of this, they’ll often alter the number. If the VIN is removed or altered in any way, a person should just keep shopping around.

3) Suspicious Individual – “If it looks like a duck and quacks like a duck.” If a person is discussing purchasing a vehicle from a stranger, they don’t have much to go by; but if the seller is behaving in a sketchy manner, it’s likely because they have a reason to. This is why it’s ideal to only purchase a vehicle from a known associate.

4) License Plate Issues – A vehicle, unless it’s being bought brand new, will usually still have a license plate tag. If it doesn’t, there’s only a few potential explanations. Sadly, one of these explanations is that the vehicle is stolen and the thief didn’t want it easily tracked.

5) Seller Only Wants Cash – A big red flag that a person may be about to purchase a stolen car is if the seller will only accept cash. This is how many criminals work since there is no paper trail left when only cash is exchanged. Writing a check will ensure that the seller is traceable, and while this isn’t essential, it is important if the vehicle turns out to be stolen. If a seller absolutely refuses to take anything except cash, it’s probably a better idea just to walk away from the sale.

Resolving the Issue

Unfortunately, these red flags may not be obvious, and this could lead to a person purchasing a stolen vehicle. In these situations, it’s important to immediately report the incident to the police. This will help a person’s “I didn’t know” defense.

If charges are still brought forward, however, it’s imperative for the buyer to find a criminal defense attorney. There are obviously defenses to these charges, but without legal representation, the deck is definitely stacked against the accused.

Everyone loves a great deal, but when it comes to purchasing a car, it’s better for a person to be vigilant and know what they’re buying rather than to act instinctively and hope for the best. Purchasing stolen property can quickly land a person in jail, and even if this isn’t the end result, they’ll likely lose whatever they paid for the car.

Luckily, by watching out for the aforementioned warnings and following the above tips once a vehicle has already been purchased, the buyer can avoid the worst of the potential consequences.
 
Jamica Bell is a freelance writer and blogger. She has purchased several used cars through classified ads and has had to employ each of these tips to ensure she was not purchasing a stolen car. During her research, she found the website of Kevin W DeVore , along with other resources to be very insightful regarding the penalty for receiving stolen goods.

Does Your Car Insurance Cover it All?

A flyover, a red car, and a plane

Many of us fail to read the small print or dozens of pages laying out what your car insurance will and will not cover. This leaves many of us with a false sense of safety that when something happens to our cars, we will be taken care of. But what exactly will your insurance cover? Or better yet, what won’t it cover? Here are some situations where you may not be able to depend on your car insurance:

1.The Big Pay Off

And if it gets stolen, taken for a joy ride, and crashed by the thieves, we would like to believe we are covered. This may not always be true. If you don’t have gap coverage, you may be buying your new car yourself. And if it is your fault it was stolen, like leaving your keys in it, don’t expect your insurance company to pay you off.

2.You’re a Bad Driver

If your year yielded more accidents than you ever had, you may want to be very careful, if you are found to be at fault, you can expect your car insurance company to cut you off. Tallying more than 4 accidents makes you a bad driver and the 5th accident may be the straw that breaks your insurance’s back.

3.You Were Drunk

If you were involved in an accident and convicted DUI, expect your insurance company to drop you. Many insurance companies have a 0 tolerance policy for those driving while under the influence, as they should. It is not only a danger for you, it is a danger for everyone on the road.

4.You Forgot to Pay

Either you can pay month to month or take advantage of their discounts and pay your entire policy upfront. Either way, you never want to forget to pay. Driving with lapsed insurance won’t cover any accidents that occur while uninsured. Be sure your insurance company has your updated contact information and keep track of when your policy ends.

5.Moving Violations

It’s unusual to find people that have received at least one speeding ticket in their lifetime. If, however, you have a lead foot and lack the good sense to avoid speed traps, your insurance company may drop you. Once you’re dropped, you’ll be paying a pretty penny for someone else to pick you up. While you don’t have to worry about being dropped for a single speeding ticket, earning more than three in a year may see your rates increased. Even more and you may be completely dropped from your carrier.

6.No License

If your license does get suspended, even after you have gotten coverage, don’t get in an accident. Not only will the police fine you, but your insurance company won’t pay for repairs if you were not allowed behind the wheel. Many people who get caught are the ones who think they won’t. If your license is suspended, just don’t drive. Contact the courts to find out what you need to do in order to get it back.

7.Dragging Your Feet

If you wait too long, your insurance company may deny your claim. If you are injured, have someone contact your insurance company for you. Your insurance agent can help you get through the accident and explain the step by step process. However, your insurance company won’t pay out every claim. The best thing that you can do is to practice safe driving and find out what your insurance really covers.

Karen Smith is a blogger just check this site  debt settlement pros and cons  to get more information.

 

 

 

How to Get the Best Deal on Your BMW Lease

The BMW brand is often known for being expensive due to its luxury status. The truth is it doesn’t have to be out of your budget at all. The key to finding the best deal on a BMW lease is to view a website with BMW car leasing offers. Doing so helps you to view all of the options along with the monthly premiums to select the right option for your budget and needs.

 

Compare Online

Comparing models, terms and monthly premiums online is beneficial. Monthly premiums generally average from £159.95 to £1,204.95 depending on the model and options that the auto has. When you compare online, you are able to view the difference in premium by selecting an auto with more or less options/features. Using online resources may also open up more models as an option as features, safety ratings and fuel economy are all compared. Take into consideration also, the amount of storage space in the auto, leg room, head space and total seating while performing side-by-side online comparisons.

Consider a Shorter Lease Term

In some cases, consumers prefer to have newer autos more often. When leasing, selecting a shorter term makes this possible. It can also lead to a lower monthly premium since dealers will have a higher resale value after the lease is turned in. The mileage is generally 10k kilometers per annum with a lease. It is also important to consider the monthly premium on other term options as well. It comes down to wanting to pay less over a longer period of time and risking going over the mileage allotment given by the terms set forth.

 

Consider Alternative Models

When you want to drive in luxury, it is important that you keep a budget in mind at all times. This may lead to you having to consider other models. The monthly premium on one model may be considerably higher than what your budget offers. In this case, another model may offer the same luxuries at a lesser premium. Always keep this in mind.

Alternative models, such as a more fuel efficient option or something more family friendly, may also help with auto cover premiums. The entire package must be taken into consideration when you plan to lease or purchase a new auto. These are factors when you work out the budget as well as the fuel expense. Consider speaking with a leasing expert or contract hire expert to aid you in finding the very best deal possible to get you the luxury lease that you want while remaining in a set budget.

Using online methods to begin the search for the ideal lease for your budget, wants and needs is ideal. It is something that you can do in your spare time without having to take time away from other activities. The best BMW lease deal is possible when you compare, make changes to the terms(where applicable), and work with contract hire experts. Driving in luxury, when you are realistic with the budget and features that the auto must have, is attainable.

How To Start Your Own Used Car Business

For those who love cars and knows a lot about cars, starting a used car business is a good idea. Not only will you get to have your own business, you will also have something that you care and are passionate about. A used car business need not be a huge undertaking at the start. It can be as simple as buying a single car and selling it. You can just grow your business slowly but surely.

used car, used cars, used car business, how to start used car business, used car for sale, old cars for sale

You might think that with the number of used cars for sale, there might not be a space for another business owner like you. However, if you are knowledgeable about cars, it will be easy for you to spot a good buy, haggle for a good price, and then sell it for profit quickly. Below is a quick and simple guide to help you start your own used car business.

  • Look for an excellent mechanic.  You will have to know an excellent mechanic unless you are one. The key to finding a good car is having the knowledge and expertise to spot one. If you are not a mechanic yourself, you only need to know one that you can bring along when looking at old cars for sale that you can potentially purchase. Aside from helping with inspecting the car, your mechanic can also help in fixing up the car so that you can sell it for a much higher price.

car mechanic, mechanic

  • Scout for your first car purchase. Once you have a mechanic that can help you, scout for your first used car purchase. You can check newspaper or online advertisements by people who are selling their cars. Try to avoid buying one from used car dealers because there is little chance that you can find a car with a relatively low price compared to its potential value. Once you have found a car that is deemed in good or excellent condition by your mechanic, try to haggle for a lower price from the seller.
  • Fix up the car. Once you have successfully purchased the car, fix up whatever is needed to be fixed up with the car. This is where your mechanic will be helpful once again. Also, it would be good if you can make the car more attractive to buyers by enhancing its selling points or spending a little bit more for extra features.
  • Put the car up for sale. Even if you are starting small, there are still many ways you can  ut the car up for sale. You can have ads in newspapers or online buy-and-sell websites. You may also want to take advantage of social media by offering the car to your social media networks.

Preparing to Buy a Used Car

If you’re struggling to understand what you need to take into account when buying a car, either a new or secondhand model, don’t fear because you’re not alone – many people struggle to understand the process of buying a car. Whilst there are many who have the fiscal means to drive away in a new car, that isn’t the case for most people and most of us buy secondhand cars over new models. There are, however, some advantages to buying a secondhand car over a new one, which include:

–       Secondhand cars are much more affordable than new cars and there are many more models available to secondhand car buyers

–       Secondhand cars also prove more affordable to insure, perhaps not significantly, but enough to make a difference

–       Although all cars depreciate in value over time, the greatest depreciation occurs as soon as a new car is driven out of the car dealership

Whatever your reasons for buying a used car over a new model, take these handy considerations into account before you sign on the dotted line – you could save yourself a headache and a lot of money by doing so.

Payment options

How are you going to pay it? This is a consideration you’ll find advantageous to take into consideration before you start looking for secondhand cars you think you’d like to drive around in. Whilst some people take a look at what’s on offer before looking at their payment options – a good way to do so is to look at car dealerships online to get an idea of prices – others look at how much they can afford to spend or borrow before looking at what’s available. Either way you’ll need to find a means of paying for the car you’ve decided upon, which include:

–       A personal loan from a bank or private lender

–       Car finance arranged through the car dealership

–       Paying in cash with your savings

Vehicle and model options

Seeing that there are many makes and models to select from, are you inclined to opt for a particular make and model or would any vehicle of the size, style and price you’re interested in suffice? Whilst many have a make and model in mind, those who aren’t sure what they’re looking for will find there are many car review websites to help them gain valuable insights.

A good way to go about selecting secondhand cars is to use a car dealership website and the car search facilities they’ve made available. By selecting options such as the number of doors, the style (hatchback, sedan, van, etc.), the price, the year and even the colour, they’re able to narrow down their requirements to gain a better idea of what they should be looking for. Many car buyers don’t even go to that extent and simply enter in their budget to see what the search results bring up – you never know what you could afford to drive away in with the budget you’ve got.

Checking the car – Is it really the right choice?

Once you’ve found a car – either one sold by a private seller or through a car dealership – you’ll need to check it to make sure that it’s the right choice. Whether you’re sourcing 4×4 cars in Newcastle    or new convertibles in London, the importance of checking before buying shouldn’t be overlooked. Obviously you’re going to give it a test drive, but have you thought about checking the VIN (Vehicle Registration Number) and having a mechanic take a look at it?

By checking the VIN you can ensure it hasn’t been written off or scrapped, it hasn’t been reported stolen and there’s no outstanding finance owed on it, plus you can also check how many hands it’s passed through. Furthermore, by having it checked by a mechanic you trust, you stand to save thousands of pounds in the long run, and also bear in mind that this mechanical inspection differs from dealership ‘safety inspections’ because safety inspections focus on conditions that make cars unsafe to drive, they’re not designed to determine the mechanical condition of the car or its reliability.

Take these helpful car buying tips into account and save yourself time and money.

About the Author:

Tyneside Autoparc is a company catering to the needs of those who are looking for estate and 4×4 cars in Newcastle. They also provide a range of other types of used vehicles.

The Hidden Cost of Buying Second-Hand Vans

As every business knows, vans can be essential to a business but they can also be extremely expensive. It’s understandable that some companies choose to purchase used or second-hand vans as this seems to be cheaper than buying a brand new van – but is there another option?

In this article we discuss why it may work out cheaper to look at van leasing instead of purchasing a second hand van for your business.

There are always more maintenance issues with old vehicles; the more miles on the clock usually means the more maintenance and repair costs you will need to pay out. With a leased van you will have less maintenance issues as it’s a newer van and no MOTs will be required as it’s a brand new vehicle.

You will tend to find that the older vehicles are out of warranty and therefore you will pick up the tab for maintenance on the vehicle, not the manufacturer.

It’s important to remember that your vans represent your company. If you turn up for a job with a beat-up and run down van the customer will presume you are a run-down company, turn up in a brand new van and you will show customers that you care about the appearance of your company.

If you have a fleet of vans it looks nice if all vans are the same, but when purchasing second hand vans you are unable to be choosy about the vans your drivers have and it can result in having a hotchpotch of vans which lacks professionalism.

We all know that older vehicles emit more particulates than newer models and then can also be less fuel efficient. There are two concerns here – firstly you are paying more on fuel than you would if it was a newer model and secondly you may find your vehicles banned from the London Low Emission Zone.

Another concern with a second hand van is that you are locking away the capital. You are putting money into a van and when it comes round to selling the van you will lose money on it – this money could be put into improving other areas of the business.

In conclusion, purchasing a second hand van can hit your pocket in more ways than just the purchase of the vehicle due to maintenance costs. Purchasing a brand new van will cost more money but there will be less maintenance costs, however the money will be needed up front for the vehicle.

Another option is van leasing, as we know when you purchase a new vehicle you need a lot of money up front and the value of the van depreciates immediately but through van leasing you do not need a large amount upfront and the value depreciation is not your concern as after a few years you can take it back to the van leasing company and start again with a brand new van if you choose?

No More Peak Oil with a new bio algae fuel

Bio Diesel Production Process

Bio Diesel Production Process

A Brazilian company See Algae Technology has perfected an efficient system to create bio oil from Algae. This technology has been able to produce the oil for less than the cost of current crude oil production. It also uses the current waste from ethanol production to make the new bio oil.

Donating Your Used Car To Charity: Pros, Cons, And Tips

used_carWe donate our used clothing and other items to charity, so why not other items that we no longer have a use for? You can make a difference in a big way by donating big ticket items like boats and cars to charitable organizations. The increase in charities accepting vehicle donations has led to a mutually beneficial and booming business, wherein the donor saves by claiming the donation on income taz returns and the charity is able to sell the vehicle and use the funds to further its cause. While this might seem like a straightforward way to do good in the world, there are some associated risks with donating your car. 

Pros

  • Many charities have started to accept vehicles as a form of donation, so you can most likely find a charity that supports your favorite cause to donate to.
  • You can claim a huge deduction on your income tax returns when you donate your car to a charity approved by the IRS.
  • You get to save yourself the hassle of trying to find a buyer for your used car.
  • Donating a car makes it much easier to make a big difference for your charity with less financial impact to you than a cash donation.

Cons

  • Intermediaries that accept your car donation and then donate the proceeds to the charity of your choice often take a substantial cut away from your chosen cause. If the charities you support don’t accept car donations directly, you may be better off finding one that does.
  • To get a tax deduction, you’ll need to follow up with the charity to get paperwork that proves the vehicle’s value. Your estimate or the fair market value probably won’t cut it if your car is worth over $500.
  • The same paperwork to get rid of the car is still necessary- if you don’t formally re-title the vehicle, you could risk parking tickets and more down the line.

Tips

  1. Avoid 3rd parties and try to donate your car directly to the charity of your choice.
  2. Choose a charity that means a lot to you and has a big impact in its line of work. If the charities you usually support don’t accept car donations, take time to investigate alternatives instead of just picking the first charity you find. The Better Business Bureau can help you to evaluate charities whose activities you aren’t very familiar with.
  3. Make 100% sure that your chosen charity is a 501(c)3 non-profit organization that is qualified by the IRS for donation deduction purposes. 
  4. If you have to use a middle man, do your research to find out how much of the proceeds from the car’s sale will actually go to the charity. Do they take a percentage, or a flat fee? Using an intermediary not only limits the effectiveness of your gift, but can also have tax implications.
  5. Keep a thorough paper trail for tax purposes in order to claim the donation on your tax returns.
  6. Deliver the car to the charity yourself so they don’t have to take money out of your donation to pay someone to come pick it up.
Featured images:

Jack Lovegood is a automotive expert and a contributing blogger for Chrysler Group LLC, where you can purchase a Jeep extended warranty at a discounted rate.