Monthly Archives: July 2015

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How to determine the value of a used car

When you go to buy or sell a used car, there are a lot of considerations that need to be taken into account. For sellers, you have to consider things like the marketing and presentation of the vehicle along with the different options that you may have for selling the car. If you are a buyer, you have to consider factors like your price range, the different features that the car will have and your different options for payment.

While both parties may have a whole host of different concerns, there is one factor that is important to both buyers and sellers. That is the all-important factor of how to determine the value of a used car. This is important for sellers because a seller wants to ensure that they get fair value for the vehicle and it is important for the buyer because they want to ensure that they get a good deal for their money.
A variety of different factors can come into play when you are trying to determine the correct price for a vehicle. The make, model and year will obviously play a major role in the pricing of the vehicle and you also need to consider things like the maintenance history, mileage and the region in which you are trying to sell or buy the vehicle. In this case, you are trying to price a used car in Tampa. You would want to focus your research on that area and consider that the Greater Tampa Area has very mild winters. Most of the used cars for sale in Tampa are in much better condition than in the Northeast.

Many private sellers and buyers are not going to have a complete understanding of how to price a used car. That is why one of the best options is to use the online resources that are available to provide information about the vehicles particulars and the appropriate pricing. Resources like the Kelly Blue Book website (www.KBB.com) and (www.edmunds.com) can be helpful when you are trying to value a used car.

Both websites basically offer a similar service when it comes to pricing a vehicle. They have online forms that the user completes to provide the relevant information on the car. This will include all of the factors listed above and a few additional key factors including options a particular vehicle might or might not possess. Once you have completed the forms and submitted the information, the site then gives you a listing of the price range that the vehicle fits in.  You will receive several different categories that will include retail, trade-in, and private party suggested sale prices.

When you begin to determine the value of a used car, you will also want to consider how you plan to sell the vehicle and how quickly you need to complete the sale. If you can afford to sit on the car for a little bit, then you can afford to set the price closer to the high-end of the price range. However, if you are looking to make a quick sale, you will need to move the price closer to the low end of the range.

Trying to determine how to price a used car can be a bit of a tricky process. As mentioned above, sites like Kelly Blue Book can be valuable resources, but you don’t want to make one source the be all and end all of your pricing information. Once you have an estimated value for a vehicle, the smart thing to do is to review a site such as www.UsedCarsTampa.com that lists used cars in Tampa and compare the pricing with cars that are listed in your area that are similar to the one your are selling. Using these two sets of online tools will give a very good indication of exactly you should start when listing your used car for sale.

How to negotiate for a used car

Buying a used car in Tampa can be a complex task as even from the moment you start looking, it is not always easy to find a good deal. There are many uncertainties involved in getting a used car as one is never certain of the quality compared to getting a new car. Choosing a used car can be daunting, but it doesn’t need to be. The skill to negotiate for a used car is a very valuable trait.

Learning how to negotiate for a used car starts with the process of choosing the right one for you. Much of determines which used car is the right depends on how much money you have to spend. Even before you start looking for a used car you should limit how much you want or can spend.

Once a budget has been determined, you will be in a better position when the negotiation process begins. With a limit of how much you are willing to spend, a used car dealership salesman or private owner cannot make you overspend. Discipline to walk away from a deal that exceeds your set budgeted amount is paramount. To be a good negotiator, you should not hesitate to walk away from a deal that is unsatisfactory.

Before the negotiation begins the following 3 particulars should be decided…

• How much you’re willing to spend
• The valuation of the make/model and essential features that are on your wish list
• What condition your used car needs to be in to satisfy your needs

Once armed with this information you will now be able to make an informed decision on available used cars for sale and thus become successful when you negotiate for a used car.

Once prepared, negotiating for a used car will commence. When negotiating for a used car, keep your cards close to your chest. Do not start off a negotiation by saying outright how much you have or how much you are willing to spend. With thousands of used cars always available in the Greater Tampa area, you can afford to play a little hard ball. Always make a low offer. But as much as you should make a low offer, it should also be a reasonable offer. Also, put emphasis on the detriments of the used car you are looking at. Slowly start sweetening the offer by adding small increments until you find the lowest possible price that the used car seller will take for the vehicle. If the seller will not budge from a number that is above your initial budget number do not hesitate to walk away. Many times a used car seller with reconsider at a later time and agree to you previously made offer. Stand firm is always a good rule of thumb.

Once an agreement on price has been made be sure you are getting a quality car by taking it for a test drive. You will be able to determine much about the mechanical state of your used car before buying it by gaining a feel of how it performs on the road. For the things you won’t be able to see or feel with a test drive take your car to an expert who can analyze the remaining features to ensure that you are getting a good deal.

Transfer title for a used car

Used Cars Tampa continually provides news, tips, and updates regarding the used car industry’s recent trends to help you make your transaction as easy as possible. If you have any questions regarding the process of either title or selling a used car feel free to inquire with us at Support@UsedCarsTampa.com and we will do our best to assist you.

The process of buying or selling used cars in Tampa is accompanied by several different steps and it usually requires a bit of effort on both ends. When it comes to the purchase of a used car, one of the most important steps is the transfer title for a used car. The vehicle title, commonly known as the pink slip, is the means of record that proves ownership of the vehicle for both the individual owner and the state. Once the sale of a used car is completed, it is important for the new owner to get started on the process of transferring the title as soon as possible.

Before you get started on the process of filing to transfer title on a used car, you want to make sure that you have all of the documentation that you need and that you have properly completed the transaction between yourself and the seller. This means that you want to make sure that the seller accurately filled out the odometer reading and the sales price and that both parties have signed and dated the original title from the seller.
Once the sale is completed, the new owner of the vehicle can take it to the local tax collector’s office to apply for a transfer of title. This is where you will pay your fees and taxes and where you will provide all of the necessary documentation that demonstrates that the sale has been completed and that you are the legal owner of the vehicle. The following is a list of what you should bring to transfer the title of a used car in Tampa:

• The completed title from the sale
• A completed copy of form 82040 (the application for title transfer)
• Proof of insurance (If you are planning on getting tags and registration)
• Your driver’s license
• The correct amount of money to pay the fees and taxes
• Information about any financing agreement

The cost of getting a vehicle title transferred can vary depending on the circumstance. For a used car that was previously registered in Florida, the fee is $75.25 with the cost increasing to $85.25 if the car is from out of state. An additional charge of $2.00 will also be added if the new owner needs to record a lien on the vehicle. Some locations also offer expedited service for an additional cost of $10.00. Along with that, the new owner will need to account for the taxes that must be paid on the vehicle.

Driving and owning a vehicle are privileges and with these privileges come responsibilities. Along with the responsibility of maintaining the vehicle and having insurance, is the responsibility of adhering to the documentation standards for vehicle ownership. The process for transferring the title on used cars in Tampa is actually rather simple, but it can become a hassle if you are unprepared for the task. Before you head to the tax collector’s office, it is recommended that you make a checklist to ensure that you have all of the documentation and resources that you need to complete the process.

Buying options for used cars in Tampa

If you are looking to buy a used car in Tampa, you are likely to find that you have many vehicles to choose from. One part of the process of buying a used car is paring these options down to include only the vehicles that fit your individual circumstances. This means considering a range of different factors including your budget, the purposes for which you intend to use the car and the different purchasing options that are available.

What are the main buying options for used cars in Tampa that most people will encounter when they are looking to purchase a used vehicle. The decision is to buy through a car dealer or purchase a car through a private seller. Each of these options has their own pros and cons and the buyer will find that there can be some significant differences that range from convenience to the pricing structure.

Private party sales

For buyers and sellers, the option of engaging in a private sale usually boils down to money. A private seller will go with this option because they believe that they can get more money through a private sale than trading in their vehicle to a dealership and the buyer will look to this option because they are likely to get the car for a better price and can many times document the vehicles history more easily from a private seller.

For the most part, this tends be true for both parties. A dealer needs to turn a profit on the sale, whereas a private seller is typically trying to sell the vehicle in order to get money for the purchase of a new car. This can leave more room for negotiation and it cuts out a middleman that has various costs to cover in the operation of their business.

Car Dealers

When you buy a used car through a dealership, the chances are that the price will be higher. However, many car buyers find the higher prices worth it because they feel that there is a greater degree of security with buying a used car through a reputable business. A car dealer has to follow certain rules and regulations that a private seller is not subject to. Some of these regulations can expose the dealer to some level of legal liability if there is anything wrong with the car and therefore, they are seen as being more likely to ensure that their vehicles meet certain standards. Many times buying a used car from a dealer will give you more financing options as well. Along with that, a variety of different costs go into the operation of a used car dealership and to turn a profit, these costs must be passed on to the consumer.

While buying a car from a private party may give you a better value, it will typically require more work from the buyer. Finding a used car in Tampa that fits your needs and budget can be easy when you use resources like classified ads and online listings, but you will still need to arrange meetings with sellers and travel to inspect and test each car individually.

The right buying option for used cars in Tampa comes down to the needs of the individual buyer. Convenience, value, and financing options are three of the main determining factors that will sway a buyer in one direction over the other.