Trade'r in? Yup! Nope! Whaaat?
When trading a vehicle there are four categories that will clearly affect the value of your vehicle; (1) Current market value. This is an adjustment amount to the book value that is made by the vehicle appraiser and occurs when there are real time changes in the market that are not readily reflected in current book values. One powerful example is the energy crisis that came along in the fall of 1973. Many consumers panicked (mildly) and began trading their gas hogs for fuel efficient smaller vehicles. As the extent of the crisis and its duration were unknown, and there were no real predictions as to the short and long term effects, most dealers looked on the gas hogs with an eye of concern, specifically in relation to their dollar value. I counseled many buyers during that time, encouraging them to be patient and wait it out. Most of them, nearly all, traded anyway. They received as little as 50% of the book value for their gas hogs and paid over retail in many cases to purchase a fuel efficient vehicle. Many of those people returned to the market within a short period of time and traded their fuel sippers for gas hogs. Again, values were adjusted to allow for the glut of small vehicles on the dealers lot. There are always current market value adjustments whether just at a dealership, in a city, an area, a state, a region, or across the country. These adjustments may be as simple as a dealership being overstocked with used vehicles due to some internal problem; therefore the dealer has to pay less for vehicles currently being traded in. An area may be affected by an economical crisis that overall affects the consumers ability or willingness to spend money. Wars and rumors of war have a strong negative effect on vehicle values, as does the price of fuel. One major factor that affects the value of trade-ins are the deals being offered on new vehicles. The greater the deal on new, the less is paid for the trade. Why? Used vehicle buyers will step up to new vehicles and pass on the late model used vehicles. In many cases payments on a new vehicle may be roughly the same as a one year old used. Additionally, consumers may determine that they are better off trading their current vehicle sooner than intended, taking advantage of the factory incentives, and driving off in a new vehicle with payments close to where they were, and offsetting maintenance expenditures in the process. (2) Dealership attitude. Vehicle values may be affected simply by some issue within a dealership. An inexperienced Used Vehicle Department manager, a poor cash flow in the dealership, a weak sales force not selling vehicles, and other situations. One thing learned when purchasing at an auction, talking with a wholesaler, or shopping a trade-in to another dealership is that prices vary widely across the board. Realistically I have witnessed value swings by as much as $2000.00. (3) Dealership wants. In some circumstances a dealer may not want your trade. You might have a very expensive trade, the dealer does not want to tie up money in a slow seller and the dealer cannot find a home for it with another dealer. Therefore to make a deal he will hit the trade low expecting to find a home for it at the auction, with another dealer, or attempt to cheap sell it on his own lot. Regardless, the vehicle may bring several thousand dollars below book, your loss. (4) Dealership need. The dealership may not need “another one of those”. Some vehicles are a glut on the market. An example would be the dumping of a rental car fleet at the auction, everyone buys them, everyone has one, and no one needs another one. Dealership want and dealership need may also swing in your favor. There were many times that I paid over book (more than $1200.00) to own a vehicle, knowing that if I did not, someone else would, and I would miss the sale on three vehicles; (1) my vehicle, (2) the trade-in, and (3) the trade-in on that one. Instead of missing business, I would make three profits. It should be clear that; (1) you must know the value of your vehicle to do business with it; (2) the book value is affected by other circumstances, some of which are beyond your control. However, because you know the value of your vehicle you have an idea of where you should be, and by shopping more than one dealership (if you don’t get the value up front) there is a very good chance you will get your money. It is absolute that you use a professional source to determine the value of your vehicle prior to shopping for your next vehicle. If you had a wad of $10.00 bills in your pocket, a big wad, and you wanted to trade them for $50.00 bills, and if you had never counted them, how would you possibly know how many $50.00 bills to get in return for your 10’s? Would you just throw them out there and take back whatever 50’s were offered? Or would you count them ahead of time, separate them in $50.00 packets, band all the packets together, and put in writing the total amount of all the packets, put that slip of paper with your packet, and put one in your pocket? Would you then watch as the other party counted your 10’s, and as the 50’s were counted out for you? Wise folks count their money first, record the amount, and observe while others handle their money! Chuck Norlin is a 41 year veteran of negotiating, a Cal U and General Motors University graduate, and 30 year career expert in the retail vehicle business.
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10 Tips for Improving Fuel Efficiency
10 Tips for Improving Fuel Efficiency 1] Slow Down On The highway Your car is optimized to drive at 40-60mph(80-100km/hr), when you drive 70-80+mph fuel efficiency drops by up to a whooping 33% . Yes 33% , that is not a typo. I had heard this before and thought it was an exaggeration, then I drove the new Chevrolet Cobalt which has a fuel efficiency gauge in it and I saw it first hand, what a surprise. Is it worth speeding to save 5 minutes off your commute to work so you can just get held up in city traffic? Between the lost fuel efficiency, the extra wear and tear on the car driving beyond optimized speeds and inherent safety concerns I will need a good reason to start speeding on the highway from now on. 2] Cruise In The City The same idea applies in city driving. Speeding up to make the next red light guzzles gas and is hard on your car. This can decrease fuel efficiency by 5%. Why hurry up just to make the next red light? Let’s face it, speeding in the city doesn’t get you anywhere’s faster. If you drive like a bat out of hell you might make an extra light or two and chop a mere 2-4 minutes off your commute assuming you make it there alive. I drive at sane speeds throughout the city while most others fly by me and hard brake at the next red light, I then pull up beside them or even pass them as I may not of needed to stop as the lights are usually synchronized for sane driving speeds not surprisingly (it also takes more gas to get back up to speed than to maintain it). So have some fun watching people fly by you and seeing them at the next red light knowing your car is much better off. 3] Tire Pressure Here’s one everyone can do easily. It only takes a couple minutes to check your tires pressure. Under inflated tires can result in 3% less fuel efficiency. 4] Link Your Trips/Errands Plan your trip to include as many destinations or errands as possible. Fewer trips means less cold starts, better fuel efficiency and less driving than multiple small trips. 5] Avoid Unnecessary Idling. You’re getting 0 mpg for this one. If you’re going to wait 5-10 minutes for a friend give your car and wallet a break. For those who live in colder climates this is a bigger issue. We all want our cars toasty warm in the winter time when we get inside. Today’s cars really only needs 30 second of idling to warm up even in cold weather, then 1-2 minutes of driving to get it fully warmed up. So bundle up and save yourself a bundle. 6] Maintain Your Car Inexpensive oil and air filter changes can boost your cars performance and increase your cars lifespan. A blocked air filter can decrease fuel efficiency by as much as 10% and a misfiring spark plug won’t help either. So try to follow your cars service manual.. It beats dealing with an unexpected major repair and major inconvenience.. 7] Monitor Your Fuel efficiency I like to measure how many miles / KM I get on half a tank after filling it up. It’s easier to measure this way as we don’t let our gas tanks completely run dry and its impossible to estimate how much was left when you fill it up again. You can see how your driving habits affect your fuel economy and if your habits haven’t changed and you fuel economy drops off, then maybe its time for some car maintenance. Purchasing a fuel consumption gauge (if you car doesn’t already have one) can give you real time feedback and more accurate reading. This provides great instant feedback on driving habits. 8] Remove Unnecessary Items From Your Car For each extra 100lbs you lose 1-2% fuel efficiency, so get the golf clubs out of the trunk until your next tee off time. Leaving items on your roof rack also creates extra drag which makes your car work harder, so lock your mountain bikes up till the next trip. 9] Jack Rabbit Starts Some people like to suddenly accelerate by putting their foot to the floor. This guzzles gas and gives marginal speed improvement to a gradual acceleration. 10] Back Off Tail gating results in unnecessary breaking and accelerating. Hang back a little more and you can avoid the added stress and save some gas. It’s also safer to drive this way, give yourself an extra second to avoid an accident ! Paul Fezziwig writes for and administers 'Green Cars Now', http://www.greencarsnow.com , a website devoted to promoting fuel efficient vehicles and better driving habits.
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5 steps to sell a Japanese used vehicle
Japanese cars are renowned for their quality. Some of the top used Japanese cars for sale are Toyota, Nissan, Honda, Mazda, Mitsubishi, Fuji Heavy Industries (Subaru), Suzuki and Daihatsu. Many surveys have shown that most buyers shop online in purchasing their next used car. In this article we will discuss five key points on selling your car online.1. Surf the webThe internet has many choices on finding the right site to advertise your vehicle. Choose a website that is popular and has a high ranking. Do choose a site that specializes in your make and model. Select a site that will continuously show case your ad. And last but not least find a site that is reasonable in fees.2. Your adUsing correct and distinct terms to describe your car will make your ad concise. This will attract the buyer to further reading your ad. Use key phrases and solid facts. State the year, make, model, milage, and maintenance records. Mention any non-standard added features and improvements. And also be precise about the price you expect and contact details. 3. Quality Photo sDo photograph your car in sunlight. Take different angle view shots of your car. Make sure before you photograph your car, that it is clean and washed from inside and out. Take pictures of the inside interior and any special features like tires or hub-cabs. Do have a flattering backdrop for your car when taking the pictures. 4. Inquires Be prepared to answer questions, always keep a standard and basic list about your car on hand, near the phone and computer. Also make sure you can give out online resources to the buyer on your car. Choose specific times and dates for car viewing and showing. If dealing with people outside your area, make sure the buyer knows it s their responsibility to pick up or make arrangements on getting the car. 5. Protecting your investment and selfNever hand over your vehicle till you are paid in full. Verify the buyer s information to make sure your not getting scammed. Find you out which method of payment is safest. Always protect your privacy, never give out more than you have to. If you are in habit of changing to new models as brand new then I would highly recommend Japanese Makers. For more than two decades the impression of lesser safety in Japanese brands have been shifted to equally same standards as its German or American counterparts.With these tips, you will hopefully find your self on the right track to selling your vehicle online. http://www.nexusscars.com
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