Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Buying Used Cars - a primer to not get screwed


Published on

A presentation at Learning Night by Xuehai Fang on buying used cars

Published in: Automotive
  • Be the first to comment

  • Be the first to like this

Buying Used Cars - a primer to not get screwed

  1. 1. BUYING USED CARS a primer to not get screwed
  2. 2. #ONE: Know what you want :D
  3. 3. WEB RESOURCES • Americans: • • kelley blue book • Canadians: • •
  4. 4. RELIABILITY • JD PowerVehicle Dependability Rating •
  6. 6. INSPECT • Exterior for scratches on metal surfaces (not front or rear bumper) • Area under engine for oil leaks • Front and Rear spring sag • Rusted parts • Interior fabric tears • TireTread • Wheel Size
  7. 7. GO FORTEST-DRIVE Step Action Reason 1 Inspect underneath vehicle before turning on Looks for leaking liquids while parked 2 Turn car on and do walk around Look for funny noises, exhaust leaks, make note of engine sound on cold start 3 Don’t wait too long and start driving Start driving before the car is warmed up, make note of the performance of the car, see if engine knocks 4 Don’t be afraid to be aggressive The engine shouldn’t break of behave oddly unless the car is very old >10years, 100k miles. Find out if it will break during the test drive!
  8. 8. TEST DRIVE PART II Step Action Reason 5 Drive calmly and look for steering wheel wobble If steering wheel wobbles, either wheels need to be re-aligned, balanced or you 6 Play with all electronics Use every feature your paying for, know every one thats broken 7 Park above a clean patch of asphalt Inspect for leaks on the road with the car still on 8 Use locks, trunk etc Make sure body functions work
  9. 9. HAGGLE • Check out online blue book or black book prices • Start with what price you think is right and ignore the sticker • Prepare to actually walk away, there will be another candidate. Unless you live in a small town, then GG.
  10. 10. KEY MINDERS • The latest is NOT the greatest (turbos, engines, 4wd, electronic anything). But the 2nd gen is. • Cleaning: White(very easy), Black(very hard) • Wheel and tire size.
  11. 11. TIRE SIZES $96.22 $200.50 $545.82 205/55R16 225/50R17 245/40R21 (width mm)/(aspect ratio)R(inner diameter “)
  12. 12. ACCOUNTING • Insurance in your state • Vehicle registration in your state • Import taxes • California emissions standards for new vehicles (<7500miles)