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Selling Wheels Online: Get the Best Price for Your Vehicle 6
Feb
Posted by Darryl in Automotive, Automotive Help, Car Buying on 02 6th, 2014
buying-cars-online

buying-cars-online

Trading in your old car at the dealership when you get a new one can be the quick and easy option, but it usually means less money in your pocket, according to Bankrate. If you want to get a price for your car that’s fair and in line with its actual value, selling it yourself online is the way to go. In 2011, there were 11.2 million private party sales in the US, according to Manheim Consulting. Take the time to list your car and get it ready for sale in order to get the most money possible for it.

Do Your Research

Before you create a listing for your car, scope out the marketplace and see what other people are asking for similar vehicles. You don’t want to price your car for less than what it’s worth, nor do you want to price it way above its value.

Take a look at similar used cars on Kelley Blue Book to get an idea of type of price your car will fetch, based on its make, model, year and general condition. If your car is in excellent shape and has low mileage, you can sell it for a higher price than if your car were dented and dinged. When you do choose a price for your car, pick a value that’s higher than the absolute minimum you’ll take. Remember that buyers are going to want to negotiate.

Let Photos Tell The Story

Online, photos will catch buyers’ eyes more than text. The more pictures you post of your vehicle, the better. Show close up shots of the interior of the car, such as the steering wheel, the stereo and the back seat. Include exterior shots taken from a variety of angles. If the site on which you’re listing the car doesn’t allow you to include more than a few pictures, create a photo album of your car at a site such as Flickr or Picasa, and point buyers in that direction.

Give It a Clean Out and a Tune Up

Get your car in tip-top shape for its age and condition before you list it, but don’t bother with fancy upgrades, such as a new stereo system. If the buyer of the car really wants an elaborate system, he or she can invest in one after they buy the car.

Instead, focus on the details that make your car run better and more efficiently. Change the oil as recommended by the car’s manufacturer and use the right type of oil. Choosing the appropriate oil for the car will improve its gas mileage by up to 2 percent, according to FuelEconomy.gov, which can be a major selling point with some buyers. You might also want to bring your car to your mechanic for a tune-up before selling it, and change the air filter, which will improve your vehicle’s driving ability.

Clean out your car before taking pictures of it or showing it to potential buyers. Think of selling your car as you would a house. No one wants to look at or buy a house that’s full of clutter and dirt. The same is true of your car.

Screen Buyers

Checking out potential buyers before you meet them to hand over the keys is a must. There have been cases when people selling their cars online were attacked by supposed buyers, as the New York Times mentions, or found themselves involved in elaborate scams involving fake checks, according to The Denver Channel.

Interview all buyers over the phone and ask them questions about their interest in the vehicle, such as why they want it or what they are looking for in a car. If you do schedule a test drive with them, have a friend or family member go with you and never let the potential buyer drive the car alone. Use a service such as CheckPeople to run a background check on anyone who expresses serious interest in the car, just to be on the safe side.



Tesla Model S bought with Bitcoins 9
Dec
Posted by CarBlog Staff in Automotive News, Car Buying, Off Topic, Popular, Tesla Model S on 12 9th, 2013

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Well if this isn’t an indication that the world is becoming more and more digitalized, then I don’t what is.

The New Port Beach Lamborghini dealership in California has just announced that they have sold their first car – a used Tesla Model S – to a customer who paid for the car using Bitcoins. 

Bitcoin is a new age digital currency that has taken the world by storm in recent months. Although they have been in use for a few years now, Bitcoins have recently skyrocketed as a legitimate currency in many avenues.

Two weeks ago, a flight attendant from Hawaii bought a trip to space (on Richard Branson’s Virgin Galactic space traveling service) using Bitcoins. Many other things can be purchased using Bitcoin – from books to music to super fancy electronics.

However, this is the first time (that we know of) that a car has been bought using Bitcoins.

The New Port Beach Lamborghini dealership announced the controversial transaction on it’s blog, and with it announced that they will now be accepting Bitcoins as a legit form payment option for any car purchases at their dealership.

It was not clear how much the new Tesla owner paid for his car in Bitcoins, but it is believed that it was upwards of $100 000 in ‘real’ money. with Bitcoins trading at round about $900 each, the customer had to pay more than 100 Bitcoins.

The world as we know it might is chaining – and it’s changing fast. However, its not all bad. Just think; if you can collect enough Bitcoins, you might be driving away in a Tesla Model S (although we know its way more complicated than that!) Either way, good on the anonymous buyer in New Port – we’re sure he deserves his new ride.

Source: CarBuzz



Infographic of South African Automotive Scene – June 2013 19
Jul
Posted by Kelly Levinsohn in Automotive Industry, Automotive News, Car Buying, car sales, Popular, south-africa, Uncategorized on 07 19th, 2013

Cars.co.za has released yet another interesting and useful infographic to shed some light on the automotive scene in South Africa.

Last month, we published their infographic on May 2013, and now we bring you June’s numbers. It is quite interesting to compare the two; has he automotive scene picked up or has it dropped over the last month?

In May of this year, the total amount of new car sales in the country reached 53 997. This month, the figure came freakishly close to May’s number, clocking in at 53 562.

South Africans’ favourite cars have basically stayed the same, with a little change up in the ranks:

Top 5 Most Popular New Cars in South Africa (June 2013):

1. VW Polo Vivo

2. Toyota Hilux

3. VW Polo

4. Nissan NP200

5. Chevrolet Utility

 

The Top 5 Motoring Brands in South Africa has also basically stayed the same, with a slight change in rankings:

June 2013:

1. Volkswagen

2. Toyota

3. Ford

4. GM

5. Nissan

 

For more interesting facts and figures, check out the image below:

Cars motoring infographic June

You can also go have a look at the infographic for May 2013 to compare the two.



Infographic of South African Automotive Scene – May 2013 20
Jun
Posted by Kelly Levinsohn in Automotive Industry, Automotive News, Car Buying, car sales, Popular, south-africa, Uncategorized on 06 20th, 2013

cars

Cars.co.za publishes a monthly motoring report in the form of an infographic.

This infographic details the South African automotive scene. 

They cover a number of features and statistics and present them to you in a format that is easy to use and easy to understand.

Here are some of the interesting statistics and details about what went down in the automotive world in South Africa in May:

The Top 5 Motoring Brands in South Africa in New Car Sales:

  1. Toyota
  2. Volkswagen
  3. GM
  4. Ford
  5. Nissan

The Top 5 Motoring Brands in South Africa in Used Car Sales:

  1. Volkswagen
  2. BMW
  3. Toyota
  4. GM
  5. Audi

According to cars.co.za, there has also been an increase of 7.5% in car sales this year, compared to May 2012.

Another interesting statistic is the most popular cars in South Africa. This list is based on Naamsa statistics:

Top 5 Most Popular New Cars in South Africa (May 2013):

  1. Toyota Hilux
  2. Volkswagen Polo
  3. Volkswagen Polo Vivo
  4. Chevrolet Utility
  5. Toyota Etios

Check out the image below to view the full infographic:

infographic_new_final

Source: cars.co.za

 

 



To Catch BMW and Audi, Mercedes Offers Deep Discounts 5
Nov
Posted by Kurt Ernst in Automotive, Car Buying, Kurt, Mercedes Benz, New Car Sales, News on 11 5th, 2012

The 2013 Mercedes-Benz GL550 – image: Mercedes-Benz

Mercedes-Benz is serious about its intent to reclaim its previous number one position atop the luxury auto sales food chain. To catch its German rivals, Mercedes-Benz is borrowing a thing or two from BMW’s play book, and the net result may be good news for consumers.

If you lease new cars instead of buying them, Mercedes may let you skip up to five payments to help with your seasonal cash flow. Not every tri-pointed-star model is eligible, but the program beats a similar offer from BMW, which is allowing consumers to skip up to three payments.

If you’re one of the cool kids, Bloomberg (via Autoblog) explains that you may even be able to get in on Mercedes’ “VIP Customer” program, which is offered at the discretion of the dealership’s general manager. Typically, the program is offered to repeat customers, dealership business associates or dealership extended family members. What’s in it? Cash rebates up to $5,000 on select GL Class crossovers, though the more popular C Class vehicles only get a $750 rebate.

Mercedes dealerships have also been instructed to increase the number of house-brand courtesy vehicles, giving consumers the ability to buy lightly-used loaner cars at a significant discount. How much use they’re required to see before being flipped is the subject of some debate; earlier this year, critics accused BMW of selling virtually new inventory as dealer demos in order to pad sales numbers.

This much is clear: sales in Europe are down, and sales in China aren’t growing at the rate they once were. That leaves the United States as Mercedes’ best potential market, so consider that in your strategy if you’re in the market for a new luxury automobile.



Report: New Car Sales Prices At 15 Year High 14
Apr
Posted by Kurt Ernst in Automotive, Car Buying, new cars, News, used cars on 04 14th, 2011

Looking for a killer deal on a new Prius? Good luck. Image: Toyota USA

If data from CNW Research is accurate, there’s bad news on the horizon for new car shoppers. Early April sales show that transaction prices for new car sales in the United States are at their highest level in 15 years, reflecting an average discount of just 13% off of MSRP. That may sound good on paper, but it reflects the highest transaction pricing since 1996, which is good news for car dealers but bad news for consumers. Don’t expect things to get better anytime soon, as Japan-related shortages will shortly begin to impact availability of popular models from multiple manufacturers. Remember that law of supply and demand? As supply dwindles and demand increases, prices go up.

The flip side is that there’s currently a strong demand for clean used cars, especially compact, fuel efficient ones. CNW Research found that the current supply of used small cars has fallen to just 40 days, which is half the supply reported in April 2010 and ten days less than the reported supply in January of 2011. It may not be a good time to shop for a new car, but it sounds like a great time to get top dollar for your clean used car.

Source: 4 Wheels News



Automakers Not Selling Enough ‘Green’ Cars To Meet Looming CAFE Standards 5
Apr
Posted by Kurt Ernst in auto news, Automotive, CAFE Standards, Car Buying, Fuel Economy, hybrid, News on 04 5th, 2011

Toyota's Prius is the only hybrid whose demand exceeds supply. Image: Toyota

By 2016, automakers who sell their wares in the United States have to achieve a CAFE average of 35.5 miles per gallon. To put that number in perspective, the average fuel economy of a vehicle sold in 2010 was 22.2 miles per gallon; in other words, in the next five years, fuel economy has to increase by an average of nearly 61% per vehicle sold. That’s not even remotely possible, especially when you consider that the average fuel economy per vehicle sold declined from 2009 to 2010. One reason is that sales of trucks, minivans and SUVs rose by 3% last year; in other words, Americans like big vehicles, and as long as gas prices don’t stay at current levels, we’ll continue to buy trucks. That’s bad news for automakers, who face stiff financial penalties if they can’t achieve the ridiculously optimistic CAFE goals. So what happens next?

First, it’s unlikely that Americans will change their vehicle buying habits unless they’re convinced high fuel prices are here to stay. Even then, downsizing is likely to mean buying a smaller truck or SUV, not jumping all the way down to a fuel efficient compact hybrid. In fact, hybrid market share shrank from 2.9% of vehicles sold in 2009 to 2.4% of vehicles sold in 2010. The only hybrids I know that are selling well are the Toyota Prius (bought by the minority of Americans who are truly concerned about global warming, fuel prices and the environment) and the Lincoln MKZ hybrid, which costs the exact same amount as its non-hybrid sibling. Despite the best attempt by automaker to change our buying habits, this much should be obvious: Americans don’t like hybrids, because they’re still too “different” than the cars we’re used to.

So what options do automakers really have? One, as far as I can tell: petition the government to relax the implementation of CAFE standards, at least until the technology catches up with the legislation. The only alternative I can see is slapping huge surcharges on trucks, to encourage buyers to downsize to more sensible transportation. I can’t think of a politician stupid enough to promote that agenda, which would cetainly be political suicide.

Source: Autoblog



Almost 13,000 Falsely Claim Electric Car Tax Credit 4
Feb
Posted by Kurt Ernst in Automotive, Car Buying, electric car, Electric Car Tax Credit, News on 02 4th, 2011

It's not an electric car just because it has a battery… Image: © GM Corp.

Imagine that: nearly 13,000 Americans tried to scam the government in the first half of 2010 by claiming they purchased an electric car. The false claims amounted to about 20% of credits granted, and totaled some $33 million. Twenty nine of the fake claims were filed by prisoners (why not roll the dice when you’ve got nothing to lose), while other fraudulent claims were actually filed by IRS employees. Currently unemployed IRS employees, I assume. Some taxpayers claimed the deduction for the purchase of a Hummer H3, a Dodge Durango or a Cadillac Escalade, and one form actually tried to claim the credit for purchasing a golf cart.

The $7,500 tax credit was intended to be used towards the purchase of a plug-in electric drive motor vehicle, so even conventional parallel hybrids didn’t qualify for the credit. The same amount was also given for converting a fuel-burning car to a plug-in, which seems to be a common conversion among Toyota Prius owners. The IRS is now working to recover the credits wrongly issued, and says that efforts to reduce incorrect claims helped them protect over $3 million in revenue so far. On the other hand, they could have simply hired a consultant who knows about cars to review manuals and software programs; I’d only charge $75 per hour, which would work out to be a whole lot less than the $33 million the agency paid by mistake.

Source: Inside Line







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