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Buyer's Checklist for Inspecting Used Cars By  Anders Abadie The inspection is one of the most important aspects of the car buying experience. The initial inspection gives the potential buyer the opportunity to check both the interior and exterior for problems such as rust, a faulty sound system, or mechanical issues. Although a buyer's personal inspection isn't a substitute for a thorough inspection by a professional mechanic, it is an essential step when purchasing used cars. Before investing in a used vehicle, follow this checklist for inspecting used cars. Examining the Exterior Before you actually get into the vehicle for a test drive, it's best first to examine the exterior for any defects. While minor cosmetic flaws such as small scratches or dents often remain unnoticeable, other blemishes like rust can spread when exposed to air and moisture long-term. When examining the exterior, check for the following problems: - Cracks in the windshield or windows...

Donating Used Cars Is Not As Straightforward As It Used To Be By  Anders Abadie Many people have a thorough understanding of how to sell or trade used cars, even if they have never done so themselves. However, the process of donating a vehicle to charity is mostly unknown to most of us. There are many common misunderstandings about the process, which will be cleared up below. The Truth About Tax Breaks All over television, billboards, and even on the Internet, there are ads stating that if you donate your used cars to charity, you will receive a tax break. Even though this is technically true, these tax breaks are much smaller than they were in years past. Unfortunately, this is because some people took advantage of the system. Up until recently, the process was quite easy and straightforward. Taxpayers simply claimed the fair market value of the vehicle on their tax forms. This was easily determined by auto valuation services such as Kelley Blue Book or Edmunds. As a res...

Five Reasons To Buy Used Cars Now By  Anders Abadie For obvious reasons, pre-owned autos have always been less expensive than brand new ones. As such, they were far more popular with cash-strapped consumers during the Great Recession. However, as demand rose faster than supply during those years, the price of used cars reached an all-time high. Between 2007 and 2013, the cost of the average, secondhand ride surged by 18 percent. That trend continued in 2014, with an increase of 5.1 percent. But now, after seven consecutive years of growth, many experts believe prices will soon fall back down. Here's why. Improving Economy When people have money in their pockets, they are far more likely to purchase big-ticket items like cars and homes. With unemployment falling and wages rising (albeit marginally), consumers should invest in new autos at a disproportionate rate. The subsequent decline in demand for used vehicles should lead to lower prices. Rising Inventory One of the way...