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 scour the Web for this, you will be delighted to find out a plethora 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. As a jump start, you have to be in-the-know about the acronyms typically used in the buying process. Among these are: VIN, APR, SRV and CPO. VIN is the vehicle identification number that all the vehicles built since 1982 would have. It is a group of 17 characters that appear on the dashboard and on other car documents. It is usually the information required in getting used vehicle history report. APR is short for annual percentage rate, the interest rate charged on a loan per year.
Another acronym, SRV, refers to suggested retail value or the amount the seller might ask a buyer to pay for a specific vehicle. This can be obtained for free from a couple of popular online resources which are also car valuation companies. You need to obtain this info before you think of negotiating with the car seller. Apart from this, one more acronym that has been integrated in the used car buyers' vocabulary is CPO, short for certified pre-owned. You can go online and research some info about this type of used car. 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. Hence, they have warranty.
With regards to warranty, a few terms like "as is," implied, manufacturer's warranty and extended warranty or service contract, are worth knowing. "As is" means 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. Regardless of what warranty the car has, it should be the type that has been agreed upon by the buyer and seller and is stipulated in the contract.
Other words you should get acquainted with, are those that refer to the condition of the auto. These are excellent, good and fair. Cars that are in excellent condition are those that have almost impeccable quality in terms of the exterior and interior parts of the car. Cars in good condition are those vehicles, which only have minor defects.
Fair cars are those with some mechanical and cosmetic problems but still in good running condition. This is to say that they would need to be repaired. There are some other terms that you should learn first before checking out Hertz Car Sales. By becoming well-versed with the language spoken by those in the used car market, you can deal with your car purchase better.
In that, you should check on this for the widely-used terms and their definitions. As a jump start, you have to be in-the-know about the acronyms typically used in the buying process. Among these are: VIN, APR, SRV and CPO. VIN is the vehicle identification number that all the vehicles built since 1982 would have. It is a group of 17 characters that appear on the dashboard and on other car documents. It is usually the information required in getting used vehicle history report. APR is short for annual percentage rate, the interest rate charged on a loan per year.
Another acronym, SRV, refers to suggested retail value or the amount the seller might ask a buyer to pay for a specific vehicle. This can be obtained for free from a couple of popular online resources which are also car valuation companies. You need to obtain this info before you think of negotiating with the car seller. Apart from this, one more acronym that has been integrated in the used car buyers' vocabulary is CPO, short for certified pre-owned. You can go online and research some info about this type of used car. 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. Hence, they have warranty.
With regards to warranty, a few terms like "as is," implied, manufacturer's warranty and extended warranty or service contract, are worth knowing. "As is" means 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. Regardless of what warranty the car has, it should be the type that has been agreed upon by the buyer and seller and is stipulated in the contract.
Other words you should get acquainted with, are those that refer to the condition of the auto. These are excellent, good and fair. Cars that are in excellent condition are those that have almost impeccable quality in terms of the exterior and interior parts of the car. Cars in good condition are those vehicles, which only have minor defects.
Fair cars are those with some mechanical and cosmetic problems but still in good running condition. This is to say that they would need to be repaired. There are some other terms that you should learn first before checking out Hertz Car Sales. By becoming well-versed with the language spoken by those in the used car market, you can deal with your car purchase better.
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