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It is always useful to obtain a few tips from experts when deciding which car to buy. The website “Car Buying Tips” (www.CarBuyingTips.com) offers useful information about buying a new or used car.


here are many places to find and buy a used car, including new and used car dealerships, online and print classified listings. Classifieds are used by dealers and individuals. Person-to-person transactions through known contacts or online or print classifieds can be a good option. In any case, a buyer should consider:

  • Having a mechanic perform a full inspection of the car, including a check for indications of a previous accident or possible flood damage.
  • Obtaining a Vehicle History Report from www.carfax.com, for example. The report could indicate if the car was ever salvaged, stolen or recalled, as well as the number of previous owners, if it has ever failed inspection and if someone has tried to falsify its odometer reading.
  • As with anything that requires a signature, it is important to read everything carefully before signing. Avoiding signing an “as is” statement. If a buyer has signed an “as is” statement, anything that goes wrong with the vehicle is the buyer’s problem. It is best if the buyer can negotiate a 30-day return period to test whether the car is in good condition. Private sellers will rarely agree to this, though.
  • If the buyer has some form of financing in mind, it is practical to obtain the loan approval before going to buy the car. Financing can be arranged with most financial institutions, but a car dealer’s financing plan may have excellent terms.
  • When purchasing a car from a dealership, it is advisable to ask that winter tires and/or rust protectant are included in the terms of the deal. Dealerships will often provide additional features like these to secure a sale.

Leasing a car makes sense for someone who enjoys driving a new vehicle every two to four years, wants lower monthly payments and the protection of a warranty, drives only as far in a year as an average person in the country of residence and can properly maintain a leased vehicle. Car leasing is a process by which a person or an organization can obtain the use of a vehicle for which a series of contractual, periodic, tax deductible payments must be paid. In a simple lease of a car, the lessee pays the lessor a rental for the use of the car during the agreed period.

Leasing may offer several advantages:

  • Typically, it offers lower monthly payments and lower up-front costs than would a loan for the same vehicle
  • Tax is paid only on the monthly payment, not as with financing which is on the full purchase price of the vehicle
  • Lessees have the option to purchase the vehicle at the end of theterm at the Lease End Value, return the vehicle, or lease or finance another vehicle

There are many things that one should also consider when leasing a vehicle:

  • The person leasing the car does not own or build up equity on the vehicle
  • They may be required to pay excess distance, as well as wear and tear charges
  • They may pay higher carrying charges than would need to be paid with a loan