Check On The Different Key Terms Before Making A Used Car Purchase
If you are in the used car market, for the first time, you would be overwhelmed with a lot of things that you need to learn. But given the many risks associated with purchasing a used car, it makes sense that you understand the ins and outs of the process. 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 this case, you should check on this list of key terms and their meanings. As a jump start, you have to be in-the-know about the acronyms typically used in the buying process. These include: VIN, APR, SRV and CPO. VIN stands for vehicle identification number, unique to each vehicle built from 1983 up. It is a 17-character identifier that you can find on the dashboard and on other pertinent documents. This is normally used to obtain used vehicle history report. APR or the annual percentage rate is the yearly percentage rate charged to borrow the money to purchase a used auto.
Another acronym, SRV, is short for suggested retail value or the price a seller might charge for a particular auto. This information is free and can be requested for from a couple of online resources that car valuation companies maintain. You need to get hold of this info prior to making negotiation with the seller. Aside from this, another acronym that has become an integral part of every used car buyer's vocabulary is CPO or certified pre-owned cars. You can go online and research some info about this type of used car. But in a nutshell, they are used cars of the late-model that have been inspected, repaired and certified by the manufacturer or other certifying bodies. Hence, they have warranty.
As far as warranty is concerned, you should know a few terms like "as is," implied, manufacturer's warranty and extended warranty or service contract. "As is" is basically 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 used car carries, you should make sure it is the one agreed upon and that it is indicated 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. Excellent cars are those that do not only look great but also have excellent mechanical condition. Good condition in cars, means that they 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 other terms that you should be familiar with before you access Hertz Car Sales. When you know the words spoken by everyone in the used car market, you can easily deal with the car purchase.
In this case, you should check on this list of key terms and their meanings. As a jump start, you have to be in-the-know about the acronyms typically used in the buying process. These include: VIN, APR, SRV and CPO. VIN stands for vehicle identification number, unique to each vehicle built from 1983 up. It is a 17-character identifier that you can find on the dashboard and on other pertinent documents. This is normally used to obtain used vehicle history report. APR or the annual percentage rate is the yearly percentage rate charged to borrow the money to purchase a used auto.
Another acronym, SRV, is short for suggested retail value or the price a seller might charge for a particular auto. This information is free and can be requested for from a couple of online resources that car valuation companies maintain. You need to get hold of this info prior to making negotiation with the seller. Aside from this, another acronym that has become an integral part of every used car buyer's vocabulary is CPO or certified pre-owned cars. You can go online and research some info about this type of used car. But in a nutshell, they are used cars of the late-model that have been inspected, repaired and certified by the manufacturer or other certifying bodies. Hence, they have warranty.
As far as warranty is concerned, you should know a few terms like "as is," implied, manufacturer's warranty and extended warranty or service contract. "As is" is basically 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 used car carries, you should make sure it is the one agreed upon and that it is indicated 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. Excellent cars are those that do not only look great but also have excellent mechanical condition. Good condition in cars, means that they 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 other terms that you should be familiar with before you access Hertz Car Sales. When you know the words spoken by everyone in the used car market, you can easily deal with the car purchase.
About the Author:
If you want to know more about cars and the like, then try searching at HertzCarSales.com for more details.
publié par Unknown @ 21:47
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