If this is the first time you are checking out the market for used cars, you would find yourself overwhelmed with things you should learn. But considering that making a used car purchase can be risky, you would be compelled to know the ins and outs in the market. When you search online for this, you can take pleasure from the fact that there are a lot of tips. However, you have to understand that for you to be able to use them fully, you should speak the same language as those in the market.
In that, you should check on this for the widely-used terms and their definitions. To start with, you should get acquainted with the acronyms that you could come across with, once you start the buying process. These are: VIN, APR, SRV and CPO. VIN is short for vehicle identification number which every vehicle manufactured since 1982 would have. This consists of 17 characters that you can see on the dashboard and on vehicle titles. It is used to obtain used vehicle history report. APR is short for annual percentage rate, the interest rate charged on a loan per year.
Another acronym, SRV stands for suggested retail value, which refers to the amount the car seller might ask for a specific auto. Car valuation companies offer this information for free and you can obtain this from their websites. You need to obtain this info before you think of negotiating with the car seller. Aside from this, another acronym that has become an integral part of every used car buyer's vocabulary is CPO or certified pre-owned cars. You can research some info about this on the Internet. But in a nutshell, these pertain to used cars of the late model that have undergone inspection, repair and certification, either by the manufacturer or other certifying bodies. As such, they carry some form of warranty.
As far as warranty is concerned, you should know a few terms like "as is," implied, manufacturer's warranty and extended warranty or service contract. "As is" is basically no warranty. Implied warranty, on the other hand, denotes that the car has met reasonable standards. Manufacturer's warranty is simply the warranty originally provided by the car maker. With regards to extended warranty, it is the prolonged from of warranty that is being paid by the buyer. Whatever warranty the car carries, it should be one that has been agreed upon by both parties and is made clear in the contract.
Other words you should get acquainted with, are those that refer to the condition of the auto. Among these are: excellent, good and fair. Excellent cars look great and have excellent mechanical condition. Cars in good condition are those vehicles, which only have minor defects.
Cars deemed to be fair, bear some defects, both in mechanical and cosmetic aspects but are still in good running condition. This is to say that they would need to be repaired. There are other words that you might find the need to understand before you visit Hertz Car Sales. When you know the words spoken by everyone in the used car market, you can easily deal with the car purchase.
In that, you should check on this for the widely-used terms and their definitions. To start with, you should get acquainted with the acronyms that you could come across with, once you start the buying process. These are: VIN, APR, SRV and CPO. VIN is short for vehicle identification number which every vehicle manufactured since 1982 would have. This consists of 17 characters that you can see on the dashboard and on vehicle titles. It is used to obtain used vehicle history report. APR is short for annual percentage rate, the interest rate charged on a loan per year.
Another acronym, SRV stands for suggested retail value, which refers to the amount the car seller might ask for a specific auto. Car valuation companies offer this information for free and you can obtain this from their websites. You need to obtain this info before you think of negotiating with the car seller. Aside from this, another acronym that has become an integral part of every used car buyer's vocabulary is CPO or certified pre-owned cars. You can research some info about this on the Internet. But in a nutshell, these pertain to used cars of the late model that have undergone inspection, repair and certification, either by the manufacturer or other certifying bodies. As such, they carry some form of warranty.
As far as warranty is concerned, you should know a few terms like "as is," implied, manufacturer's warranty and extended warranty or service contract. "As is" is basically no warranty. Implied warranty, on the other hand, denotes that the car has met reasonable standards. Manufacturer's warranty is simply the warranty originally provided by the car maker. With regards to extended warranty, it is the prolonged from of warranty that is being paid by the buyer. Whatever warranty the car carries, it should be one that has been agreed upon by both parties and is made clear in the contract.
Other words you should get acquainted with, are those that refer to the condition of the auto. Among these are: excellent, good and fair. Excellent cars look great and have excellent mechanical condition. Cars in good condition are those vehicles, which only have minor defects.
Cars deemed to be fair, bear some defects, both in mechanical and cosmetic aspects but are still in good running condition. This is to say that they would need to be repaired. There are other words that you might find the need to understand before you visit Hertz Car Sales. When you know the words spoken by everyone in the used car market, you can easily deal with the car purchase.
About the Author:
If you want to know more about cars and the like, then try searching at HertzCarSales.com for more details.
No comments:
Post a Comment