The Internet has been touted as the greatest resource for the used car buyer. Prospective buyers can find trade-in, private party, and retail values in a heartbeat. The question to consider, however, is what Internet source is right? The three major sites: NADA, Edmunds, and Kelly Blue Book are clamoring to be the Trusted Authority on used car values. Yet price discrepancies are frequently in the $1000’s from site to site. Which web site, if any, is the most accurate source for the used car buyer?
Car insurance quotes for classics and antiques will depend on many factors. What is the value of the car? Has it been restored? What modifications have been made to the vehicle? Is the car garaged when not in use? How many miles will be put on the car annually? Who will be driving the car? Where will the car be driven to and from? Know the answers to these questions before shopping for auto insurance.
Next, the auto consultant will have their certified technicians check the car to make sure it is safe and sound for the next owner. They will do a safety inspection. In addition, they will ask you if there is anything you are aware of that needs minor repairs. If so, they will do the work to make these minor repairs, you don’t have to worry about doing this either.
The age of your car must be a certain number of years as fixed by the antique as well as companies such that its antiquity can be determined as authentic. The standard limit is 15 years. Thus in case your car fails to meet this requirement, you may have to confront problems while getting antique car insurance.
Next will be information regarding the engine. Select the type of transmission and the size of the motor. If you are unsure of this, pull out the owner’s manual, this information will be in there.
$25,000 – 3 years of $500 per month ($16,000) = You still owe around $11,000. The bank has made about $4500 on you so far. The good news is, the Canadian blue book value should have only fallen to about $14,000. You could sell it and pick up a little profit or trade it in and maybe break even toward your next new car. The bad news is you lost your job and you have been having a problem making that $500 payment. Maybe next year.
The best thing to do would be to check your car. According to some studies, the contamination of lubricant and fluid make twenty percent of problems related to gearbox. It does not matter whether the car is an automatic or manual one. Lack of proper cleaning or irregular cleaning can cause dirty fluid.
So buying a used car is always a better option if you have financial constraints, after all what matters the most is, when you own a car, you can commute in a better way.