Learn How To Get The Best Deal

Used Auto Buying

J.D. Power & Associates 2011 Vehicle Dependability Study

J.D. Power & Associates

You would think that after all Toyota went through with their “memorable for all the wrong reasons” 2010, the brand would have taken a hit in the many surveys and studies that are taken on the topic of dependability.

Used Car Models to Stay Away From

2015 Chevrolet Silverado

Most people start shopping for a new vehicle by making a list of the models they like primarily based on looks or possibly recommendations from friends and family. There are also a lot of “Best of” and “Top 10” lists to help you decide which autos to shop for. Another helpful piece of information is Consumer Reports’ list of Used Cars to Avoid Buying.

Top 12 Used Autos for New Graduates

2011 Chevy Volt - Great Used Auto for Grads

Many colleges across the United States have already wrapped up the 2013-2014 school year and completed their graduation ceremonies with much pomp and circumstance. Many more will join the ranks of the newly graduated in the weeks ahead. And nearly every college student at some point has dreamed of being handed the keys to a shiny new automobile after several years of hard work to get to this point.

Be Wary of Flood Damaged Vehicles After Sandy

Hurricane Sandy

Megastorm Sandy has finished cutting a path of destruction throughout the northeast portion of the U.S., but the impact of this epic storm will be felt in the auto industry for quite a while. One thing to be particularly aware of is the influx of flood-damaged vehicles into the used car market, as detailed in an article at The Detroit Bureau.

Used Car Prices Dropping

Used Cars

After a dramatic rise in used car prices in recent years, it appears that these prices have now started a slow downward trend, according to a report by NADA.  Over the past three years, used car prices had soared, growing nearly 20% since 2009. The main reason for this run-up was simple supply and demand. Because of poor new car sales due to the economic recession, the demand for used cars increased. But the lack of new car sales also meant fewer trade-ins, thus less used car supply. Less supply + more demand = higher prices.

10 Best Used Car Values

Kiplinger Top 10 Used Car Values

If you’re in the market for a used car, you’ve probably noticed that great deals have been a bit harder to find.

Where Are Used Car Prices Headed?

NADA

After a big run-up in used car prices earlier this year, particularly for compact cars, it appears the trend is reversing. Unless it’s not. Yes, it is complicated, and we’ll explain. NADA (National Automobile Dealers Association) has released their monthly Guidelines report, and if you are considering buying a used vehicle, or trading one in, there’s important information you should know.

The Best Time to Buy a Car: Part 1

The Best Time to Buy a Car

There are a lot of stories around about the best time to buy a car. Some of these stories are true, but most fit into the category of urban myth. Some of the ones that aren’t true, or at least don’t have any actual research to back them up, are:

Myth # 1: The best time to buy a car is in the afternoon when the salesperson is sleepy.

Myth # 2: You will get a better deal on a car on a rainy day.

Myth # 3: There are better days of the week to buy because the dealership is slower on those days.

While there is ongoing speculation about the above myths, there are some things about timing your car purchase which we know to be true. They are:

Tax Time = Bad for Buyers

Buying a Certified Pre-Owned Vehicle

Certified Pre-Owned

A Certified Pre-Owned (CPO) vehicle is a used vehicle which has been inspected and refurbished to ensure the vehicle measures up to rigorous quality standards. A CPO vehicle is usually backed by a manufacturer’s warranty, often in the form on an extended warranty. CPO cars are not new, they emerged in the early 90s from the luxury car market, with companies like Lexus and Mercedes-Benz releasing used off-lease vehicles that had relatively few miles on the clock.

5 Ways to Avoid Buying a Lemon

Lemon

There’s a risk when buying a car that one is going to end up with a lemon. Whilst someone buying a new car will generally be safe, the used car market can be fraught with danger for the unsuspecting consumer. But avoiding a lemon is actually more about applying good judgement and using some research skills rather than about being lucky.

Let’s look at some ways to avoid getting stuck with that car that nobody else wants:

Do Your Homework on the Make and Model

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