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Vehicle Researching
To research a new vehicle:
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Research the MSRP (Manufacturer's
Suggested Retail Price) and the discount pricing of all new vehicles
that satisfy your list of needs and wants. This extra effort can really
save you money when negotiating a discount price with a dealer. Consult
publications and services such as Consumer Reports Magazine and car valuation
sources like National Auto Dealers Association(NADA),
Kelly Blue Book, or Edmunds.** Some sources may be accessed free on the Internet
(www.NADA.com, www.KBB.com, www.Edmunds.com, etc.).
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Compare the price of different vehicles to their features, performance, fuel
efficiency and maintenance costs. Then return to your list
of needs and wants to determine which model has the greatest value to you.
To research a used vehicle:
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Consult the car valuation sources listed above. You may also
want to look at local newspaper ads, but bear in mind that the condition
of advertised vehicles may not be apparent.
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Always obtain your own inspection before you purchase
any used vehicle! A good mechanic can spot things that won't
always show up on a Car Fax** report; things like flood damage, structural
defects, or odometer fraud. You may need to pay about $100 to have
this done, but it will be money well spent!
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Compare the features, price, condition and performance of different used
vehicles against your list of needs and wants to determine which one will
have the greatest value to you.
Research the vehicle. You can access Internet sites
dedicated to new, used, and discount car pricing, even if you don't have
a personal computer or Internet service. Most public libraries allow
you to use their computers and Internet service without charge other than for
printing. Once you've narrowed your car choices, you can compare the
fuel efficiency, frequency of repair and maintenance costs on each model in
auto-related consumer magazines. These magazines are also often available
at your public library. You can also check out the chat rooms dedicated
to specific car makes and models to learn more on durability and maintenance. The U.S. Department of Transportation's Auto Safety Hotline (1-800-424-9393) gives information on recalls.
Research sellers. Vehicles are sold through different
outlets, including dealerships, car superstores, the Internet, and private
sellers. Ask friends and relatives for recommendations on sellers. To
check out a seller, you can contact the Better Business Bureau (BBB)** or the
consumer protection division of your state's Attorney General's
office.
| **Hummingbird does not endorse any companies. Hummingbird mentions other sources of information that it considers helpful to the reader, but does not guarantee the accuracy or completeness of any entity’s information. |
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