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September 29, 2009

An Ebay car scam

Filed under: Car Buying Help — Tags: , , , , — admin @ 4:13 pm
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Please be very careful of a car scam that involves used cars and Ebay.  The set-up is you find a car that’s a great deal and when you contact the owner he tells you he will sell it to you through Ebay Motors.  Then you find out that the vehicle is no longer listed on Ebay so they tell you that you can not purchase it there.  At the same time the seller sends you an invoice via email and tells you to make payment via a money gram to an agent that has been assigned to you.  This is a scam and you need to run, not walk away from this!

October 2, 2008

Clocking cars is a problem in Ireland

Filed under: Car Buying Help, Dealerships, Used Cars — Tags: , , — admin @ 5:55 pm
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Car dealers around the world are facing the same tough obstacles, a shrinking customer base coupled with an inability to get the few shoppers who entire showroom bought with a car loan.  It’s a real terrible 1-2 punch.  And desperate times call for desperate measures.  I have been reading about how in Ireland clocking cars seems to be a popular revenue source for Irish car dealers.  If you are not aware, clocking a car refers to rolling back the odometer.  A car dealer does this so they can buy a car with 70,000 miles, roll the odometer back to 40,000 miles and sell it for a much greater profit because the buyer thinks there’s far few miles on the car than it actually has.   

Apparently, clocking cars is a big problem now in Ireland.  That is not to say that it does not happen here in the USA because it does, a lot!  If you are shopping for a used car you should know that because car dealers are facing hard times practices like clocking are very appealing, even though I am sure it is illegal in all 50 states.  Clocking is a way for a dealer to make some fast, easy money.  This also applies to people who are selling their personal vehicles.

So how do you avoid being a victim of this crime?  Simple, when you find the used car you want to buy write down its VIN (vehicle identification number) number.  Every car has a unique VIN number.  Then go to CarFax.com and put the VIN number in and for a nominal fee you will get a full record of that car’s history including the number of miles on the car each time it was re-registered.  So if you are thinking of buying a car with 40,000 miles and you see it was registered with 55,000 miles you know this is a car that has been clocked.  You might also find that the VIN number on the car does not match the car you are considering.  Also, there may be a problem if the VIN number does not match ANY car.  That’s because people who clock cars often also tamper with the VIN numbers (another crime, but we are not talking about ethical people).  Obviously if there are any discrepancies or questions developed from your CarFax you know not to buy that car.  

 

February 26, 2008

Used cars – what you need to know

Filed under: Used Cars — Tags: , , , , — admin @ 6:28 pm
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2008 is shaping up to be a very difficult year in the automotive industry.  New car dealers are preparing for a down year and that affects everyone.  With sales slowing for new cars, their dealers are attempting to increase their share of the used car market.  When new car dealers try and increase their used sales they will eventually try and take customers away from independent used car dealers. 

New car dealers are also anticipating that the state of the economy along with the present credit crunch will force someone shopping for a new car to change their plans and buy used.    An additional concern for both dealers and car shoppers is that in 2008 many people who would have been able to finance a new or used car over the last couple of years will not be able to get financing today. 

For the car dealers, the most frightening part of this is that used car sales are expected to drop in 2008!  In 2007 41.4 million used cars were sold and the forecast for 2008 is only 40 million units.  So, if you are a new car dealer you need to prepare for fewer buyers in the market in 2008 verses 2007… and last year was a bad year! 

This is great news for used car shoppers and if that’s you, you can expect your local new car dealers to offer a wider selection of used cars and be more receptive to satisfying your needs.  Shop aggressively and smartly and you can get an outstanding deal.  You should expect to see great prices and a great selection of nearly new lease turn-ins that offer exceptional value and savings.

 

January 31, 2008

Used car shoppers – here’s some valuable advice

Filed under: Car Buying Help, Used Cars — Tags: , , — admin @ 6:51 pm
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If you are shopping for a used car there is one tool that stands out head and shoulders above all others, it’s called CARFAX.  CARFAX is an inexpensive service that provides you with the following information:

  • Title Check
  • Odometer Check
  • Vehicle History
  • Registration Information

A CARFAX report helps you get a glimpse of a car’s history and today that is more critical than EVER!  If you are shopping for a used car you need to be aware that there are thousands, if not tens of thousands of used cars on the market today that went through Hurricane Katrina.  Cars, trucks and SUVs from the Gulf Coast have been bought and sold to all corners of the US and beyond. 

A CARFAX report (available at carfax.com) will assist you in finding out if a car was re-registered, re-titled or had a vin number change.  But you need to be careful, after the hurricane when many of these cars were bought and sold they acquired new titles and sometimes new vin numbers from very unscrupulous people who are looking to sell people cars that are ruined and not fit for the road.

So what do you do?  Start with the CARFAX report and if ANYTHING does not add-up or make sense, move on to another car.  For example, if the odometer reports are off (no car loses mileage, its not like weight or if it reports only 112 miles for the year, that would send up a red flag to me).  Also, if there are gaps in the car’s history or records in ANY manner I suggest you look for another car. If your response to this is, “but it’s a great deal,” think again.  You might not be looking at a car; you might be looking at a HUGE headache!     

Used car shoppers need to also closely inspect any new car that they are considering buying.  It is possible for a car to go through significant flood damage and its CARFAX report might not inform you of any problems (some crooks will always know how to fool the system).  So, before you buy a used car, if you can not have a mechanic that you trust look at the car, I strongly suggest you do the following:

  • Look for a slit (dirt line) in the trunk, door jams, foot wells and engine compartment
  • Look for signs of rust (any rust inside should send up a big red flag)
  • Look at electrical connections for signs of corrosion. 

In closing, shop smart and if the deal looks too good to be true, be extra careful!

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