Maximise Your Used Car’s Value

Any car will have a value on the second hand market at a given time.  Cars generally decrease in value from the moment they are no longer new – this is called depreciation, and it is a fact of life for car owners.  Wear and tear, high mileage and any damage will also cause depreciation for a car.  That being said, there are ways to maximise the car’s value on the market; these methods help to get the best deal for the seller, as buyers prefer to buy a car that is in the best possible condition and therefore has the best value.

When you think “it’s time to sell my car,” the first thing to do is check for any problems with the car.  One big check up with a trusted garage or mechanic is a good idea for a car that is to be sold soon.  Just make sure that the cost of the repair work isn’t so great that it cuts into the money to be made from selling the car – big, expensive problems may be fixable, but the time and money taken to fix them can cancel out the benefit from increasing the car value.

Compose an effective advertisement for the car, if you are selling it yourself.  Put yourself in the buyer’s shoes, thinking “what made me want to buy my car in the first place?”  Focus on the positive features of the car such as built in sat-nav, cheap road tax, MOT and mileage (if it’s low), but be honest about any obvious damage – buyers prefer an honest seller.

The Chevrolet Code 130R and Tru 140S

With new car sales, there are new models every year to talk about. For this reason, anyone looking to buying a new car is well advised to be well informed on the range of models available to them. Checking in on the proceedings of the Detroit Motor Show is usually a good way of doing this, and those who checked out the 2012 version of the show probably took note of Chevrolet’s two offerings: the Code 130R and the Tru 140S.

What these two cars have in common is that they are both designed with younger drivers in mind, as the style of both motors will probably appeal to a younger audience. These are both sports cars, with a coupe style design, and each have four seats. Both of these vehicles have mechanics borrowed from the Chevy Cruze, with 1.4 litre four cylinder engines that offer 150 horsepower. For both of these cars, the torque pound-foot rating is 148, and for either vehicle the buyer has the option of a six-speed automatic or manual transmission. Both motors are capable of getting 40 miles per gallon on the highway.

The main differences between the two models are that the Chevrolet Code 130R has a front-engine rear-wheel-drive configuration, and the Tru 140S has an engine that is turbocharged. The two vehicles carry exactly the same price tag.

Questions for a Used Car Seller

Cars for sale can be enticing to buyers.  However, not all cars for sale are worth their price.  It is important for the buyer to ask a lot of questions when buying a car from someone else.  Moreover, the buyer should ask the right questions before purchasing a used car from a private seller or even a dealer.

It is important to learn as much as possible before buying a used car.  Information will empower the buyer to make the best choice possible.  Without adequate information, a buyer could end up purchasing a vehicle that is not worth their money.

Ask the seller how many miles are on the clock, and then double-check this against the odometer.  The number of miles on a used car is a huge factor in determining its value.  This ties in to the condition of the car.  The seller should be asked about any damage or problems with the car.  However, it is important to keep this question neutral so that the seller will be more willing to offer information about the history of the car.

Also find out about the benefits of the car, including any special features.  There may be more to the car than meets the eye.  A seller will likely be happy to tell a buyer about all the special features in the car.

Also try to find out about service records and accidents.  The seller should be able to provide these records and should know if the car has been involved in any accidents in the past.

Grant Extended For Plug-In Cars

It has been announced that the government’s grant for plug-in cars will continue after the Society of Motor Manufacturers and Traders lobbied them successfully.

Nine hundred million pounds has been committed by the current government over the life of the current parliament that will help to promote the continued use of ultra-low carbon vehicles. A new grant that will apply to plug-in vans is also set to be introduced.

SMMT chief executive, Paul Everitt said “The plug-in car grant and the new plug-in van grant send a strong signal to the global automotive industry about the UK’s determination to be a leading market for ultra-low carbon vehicles. We will reap significant industrial and environmental benefits from establishing an early and flourishing ultra-low carbon vehicle market, attracting high value investment in R&D, innovation and automotive manufacturing.”

The grant will reduce the cost of all eligible cars by 25 per cent up to a ceiling amount of £5,000 while the grant for plug-in vans up to a value or £8,000 will be available.

There are qualifications for each vehicle. Vans need to keep their emissions below 75g/km Co2 and offer at least 60 miles between charges, be able to reach speeds of more than 50mph and ensure safety standards are met.

Car supermarkets are starting to realise the increasing popularity of plug-in vehicles and it seems with the continuation of this grant that this popularity is set to keep on increasing.

Dreaming of Luxury Cars

A car isn’t just a mode of transport; it can also be seen as an extension of one’s personality and aspirations. Walk down any UK high street and it is not uncommon to see Porsches, a Jaguar XF or even the odd Ferrari as well as the more usual economy cars.

All UK car dealers can offer the customer these upmarket motors but it is important to realise that the money needed to just buy one of these super cars is only the start of one’s expenses. Most luxury cars carry a very hefty insurance premium, the larger the car the higher the congestion charge in London, also road tax has to be taken into consideration as well as the cost of maintenance and servicing.

The average Lamborghini or BMW 6 series come with so many extraordinary electrical features that these vehicles have to have their repairs carried out at a specialist garage. Despite the hefty price tag of these cars, some UK dealerships have a waiting list for certain models and they also can offer financing for both domestic and non-domestic customers.

One viable option for the less well-heeled customer is to enter into a leasing arrangement. This type of scheme allows the driver to have the car for a limited amount of time, see if they like it, impress their friends and not be too out of pocket at the end of the leasing period.

For some drivers there is nothing to beat the smell of beautifully crafted leather interiors, the ferociously powerful engine and the thrill of sailing to the head of the queue on the motorway. Of course driving in countries such as Germany where there are no autobahn speed limits can only enhance the driver’s experience.

Simply Car Finance – a great way to buy a new car

So, you’re in the market for a used Mercedes or perhaps a VW Golf; finding a pre-approved loan saves you time when you are trying to choose your next car. You know what price range you should be looking for or perhaps you have been looking around the car sales in your area and know what sort of finance you would be looking to borrow.

Simply Car Finance is one way of checking this out and by typing in a few basic details you are able to see almost immediately what sort of competitive monthly payments are available. Simply Car Finance does all the work for you, searching through their list of lenders in order to bring you the most competitive finance available. There is no deposit and you can be assured of low rates.

With a pre-approved loan, you can pick and choose which car sales outlet you wish to purchase your next car from, giving you total flexibility. You could possibly negotiate on price, as you do not have to use the dealer’s own finance company. Instead, you effectively have cash, so are in control of the sale. If you have a part-exchange, then do no mention this to the salesman until you have agreed the price of your new car. You will then know how much they are willing to sell the car for. Armed with this information it is easy, by searching the car valuation websites, to find a rough guide to what your part-exchange is worth.

Simply Car Finance can usually help with bad credit, such as CCJs, arrears, defaults or self-employed with no accounts. 

Car Supermarkets – getting you the best deal

Car supermarkets started to spring up over the last couple of years and now can be found in every major UK town and city. In a nutshell, the car supermarket is a giant warehouse with thousands of cars and commercial vehicles of every make, model, age and price for sale. The car giant has many advantages, which is why so many people now buy vehicles in this way. All reputable car supermarkets make sure every vehicle they sell is fully serviced and has been HPI checked. The HPI tells whether the car has outstanding finance remaining, if it has been stolen etc. Many of the car supermarkets also offer additional incentives to buy, for example complimentary short-term insurance, servicing, roadside assistance package. In a bid to keep everything in-house, car supermarkets can also arrange finance for purchase. Many of the car supermarkets have downloadable finance applications making the process simpler and faster.

Car supermarkets will also accept trade-in vehicles and are happy to give any prospective buyer an instant and fair evaluation. Just like a car showroom, car supermarkets will provide the buyer with full paperwork, warranty, guarantee and service history if the car is second-hand. These huge warehouses often have special offers that change weekly and can be seen on the appropriate website. Another advantage of a car shop of this size is that if the vehicle a customer is interested in is in another branch, they will have it transferred.

Car supermarket websites are usually dynamic and fun, making it easy for even the non-car expert to read up on the vehicles on offer easily. Car supermarkets are open long hours seven days a week, taking minimal holidays.

Part Exchanging a Car

Getting the best price possible for a car in part exchange when making a new purchase is truly an art form. The most important thing to remember is that the difference between what could be offered as a value for an existing car and the price that could be offered for a new one is the actual pound value of the new car. It is often the case that people in the UK generally do not like to negotiate over price but when buying a new car it is essential, and when part exchanging an old one then it is doubly essential. In effect, two deals are being made here:

1)    The price of the new car.
2)    The price offered for the old one.

Do not even think about paying the screen price for a new car unless purchasing a cherished model. The dealership takes haggling into consideration when they mark up these prices. List price is where the negotiations begin but not where they end.

Before going anywhere near the showroom however, the winning negotiator will have done the homework on how much can reasonably be expected for the old car in the current economic climate. Another way to win any negotiation is to be prepared to walk away. The recession is working in favour of the buyer so if there is a feeling that the best deal is not being offered then just walk away. If the sales representative declines to reopen negotiations then keep right on walking – there are thousands of new cars out there and there is always the option of making a private sale.

Sell My BMW Second Hand

BMW are one of the most famous car makers in the world, and are commonly associated with luxury, reliability and the famously efficient German engineering.  A good BMW car is often seen as a status symbol, and even older models can command respect if they are kept in good condition.  Plenty of people are on the lookout for a good used BMW car, so sellers shouldn’t have to worry “who will buy my BMW?”  With plenty of people in the market to buy, it helps sellers to move their used car onto the next owner speedily, and avoid having to settle for a low price.  In fact, BMW second hand cars compare well even with Mercedes-Benz cars in terms of holding their resale value.

Though BMW’s hold their value quite well over the years, this is more true for some models than others.  Make sure you check out the depreciation estimates for the particular model of BMW you have, so that you can get a good idea of the sort of price you can set without scaring off buyers, or underselling.  Alternatively, try out one of the many car valuation sites which will take account of model, age and other factors to give you a close approximate BMW value of your car.

A good way to maximise your selling potential is to aim your sale squarely at the main groups who are interested in buying your car model.  There are BMW fans all over the world, however since UK models are right hand drive it is probably best to keep sales reasonably local.  If you are selling with an auction online, or anywhere where you need to write your own advertisement, focus on the quality of the brand and the model, as quality and luxury are what BMW buyers are most often looking for.

MOT Testing Explained

The purpose of the MOT test is to confirm that a vehicle, at the time of the MOT testing, is of an acceptable standard as required by UK law. Although the MOT certificate issued is valid for 12 months this does not mean that the vehicle will continue to be of a roadworthy standard for the duration of those 12 months. The MOT test does not take the clutch, gearbox or engine condition into consideration when testing for roadworthiness.

With approximately 19,000 MOT testing stations across the UK, finding one locally should not be difficult. An MOT testing station can be spotted by the distinctive blue triangles sign. There is a maximum fee for an MOT to be carried out and this must be clearly displayed inside every testing station. However operators may charge less than the price displayed but they cannot charge more.

The MOT test is carried out in a testing bay area. The MOT tester, who is VOSA-approved and trained, uses only equipment that meets the national standards for MOT tests. The testing procedures are laid out in an easy to read guide that is available at every testing station.