Anytime Adviser—Used Car Buying Coach

 

Resources

 

Books and Periodicals

 

Consumer Reports is published monthly by Consumers Union. The April issue of the magazine and the annual buying guides offer reliability rankings. Like your credit union, Consumer Union is a nonprofit organization. As such, it offers unbiased information.

 

The Used Car Book ranks models from the past 10 years, including complaints, repair costs, fuel economy, and crash test results.

 

Check It Out: How to Inspect a Used Car is a 30-minute video that demonstrates how to fully inspect a car. Recommended for those somewhat familiar with the workings of an automobile.

 

 

Web Sites

 

You can spend days online and find still more sites about buying cars. The ones listed here are some of the easiest and most complete information resources. Remember, though, most Web sites are supported by advertising—try not to let yourself be sold using an emotional appeal, especially at manufacturers' sites.

 

Fueleconomy.gov is maintained by the U.S. Department of Energy. Here you can check fuel economy and green house emissions. It also has information about hybrid fuel vehicles.

 

Hwysafety.org If safety is at the top of your list, check this site funded wholly by auto insurers. You’ll see how vehicles fared in 40 m.p.h. crashes.

 

Nhtsa.gov, the National Highway Traffic Safety Administration, also will show you the safety rating of each model, based on how likely crash-test dummies were to sustain injury in a collision, but at 30 m.p.h.

 

Consumerreports.org is the Web site for the magazine. If offers a used-car price service for a fee.

 

Carfax4CU.com offers vehicle history reports for a fee (discounted for credit union members). You’ll need the vehicle identification number (VIN) found on the driver’s dashboard. The report will indicate if the car has a clear title or if the car has been salvaged, flooded, or rebuilt.

 

Edmunds.com Run by the well-known automotive publishing firm, this is one of the broadest and in-depth sources of online information. While it's not as popular as Kelley Blue Book (KBB.com), viewers rate it more helpful. Calculate the "True Market Value" price, which shows you what cars have been selling for in your region, with options right down to the color and mileage. You'll find reviews of models. And in the town hall, consumers share their rants and raves.

 

KBB.com Run by Kelley Blue Book (another car book publisher), this is one of the most popular sites. For used cars, note that Kelley gives the average retail (what a dealer or private party is likely to ask) rather than the average selling price.

 

Any car manufacturer name plus ".com" should get you detailed information on a specific model.


 

Complete Car Cost Work Sheet

 

Fill in your own estimates for each vehicle you are considering. Since insurance premiums vary considerably, call an insurance agent for estimates. 

 

 

Monthly cost

Monthly

cost

Monthly

cost

Vehicle make & model

Sample

 

 

Loan payment

$280

 

 

State tags/licensing

$5

 

 

Gas

$65

 

 

Oil changes (quarterly)

$10

 

 

Maintenance

$25

 

 

Repairs

$30

 

 

Insurance

$110

 

 

Other

$0

 

 

TOTAL
OWNERSHIP COSTS

$525

 

 

 


Used-Car Priority Work Sheet

 

Why are there so many different vehicles, with so many different features? Mostly, it's about choice. What appeals to one person is totally insignificant to another. For each characteristic, fill in the quality you’re seeking and how important it is to you using this scale:

0 = Not important            2 = Very important

1 = Fairly important          3 = MUST have

 

Category

Desired features

How important?

Overall

Type (car, pick-up, SUV, van)

 

 

Manufacturer or dealer warranty

(1 yr, 2 yr, 3 yr)

 

 

Manufacturer

 

 

Style (2-dr, 4-dr, hatchback)

 

 

Maximum odometer reading

 

 

Model-year range

 

 

Color

 

 

Body free of dings or dents

 

 

Sunroof

 

 

Performance

Fuel economy (10mpg, 20mpg, 30+mpg)

 

 

Horsepower

 

 

Rated as reliable

 

 

Handles well on highway

 

 

4-wheel drive

 

 

Safety

Lap/shoulder seat belt

 

 

Driver air bag

 

 

Passenger/side air bag

 

 

Antilock brakes

 

 

Rated as safe in crash tests

 

 

Daytime running lights

 

 

Interior

Comfortable seats

 

 

Interior (vinyl, cloth, or leather)

 

 

A/C

 

 

Stereo/tape/CD

 

 

Comfortable/quiet ride

 

 

Pricing

Maximum sales price

 

 

Low insurance premiums

 

 

Other

 

 

 

 

 

 

 


Used-Car Description Checklist

 

Customize this work sheet by adding the top features you’re looking for in a used-car. Then complete the column for each vehicle that you call for details. If you opt to see and test drive the car, enter information on the suggested retail price for this vehicle. You’ll find this information in your library or online.

 

Owner

 

 

Phone #

 

 

Manufacturer

 

 

Model

 

 

Vehicle I.D. (VIN)

 

 

Auto or man. trans.

 

 

Engine size

 

 

Mileage

 

 

Asking price

 

 

Any current offers on this vehicle?

 

 

Exterior color

 

 

Interior color

 

 

Interior type (cloth/ vinyl/leather)

 

 

Accidents or repairs

 

 

Condition of body (dents, dings, rust)

 

 

Radio/stereo specifics

 

 

Ownership history (one owner, fleet car, leased, trade, auction?)

 

 

Priorities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Before test driving, find the current retail value of this vehicle and the loan value

 

 

 


Used-Car Test Drive Checklist

 

Print this checklist, grab a flashlight, a magnet, a rag, and a pencil, and you're ready to inspect.

 

  Vehicle: _____________________

 

Under the hood

 

Leaks

 

Fluid levels

 

Oil (should be light brown)

 

Antifreeze (should be green)

 

Power steering (should be clear)

 

Transmission (should be red)

 

Belts (check for cracks)

 

Hoses (should be firm, not soft or hard)

 

Battery and connections

 

Electrical connections and wiring

 

Old oil buildup or sludge inside the valve cover--where the oil filler cap is (signs of neglect)

Under the vehicle

 

Leaks

 

Undercarriage for damage

 

Exhaust system

 

Tires for uneven wear

 

Loose parts hanging from body

 

Rear suspension for leaks

 

Rust on body

 

CV boots (corrugated rubber boots, usually black) that surround the CV joints on front-wheel drive vehicles

Body/chassis

 

Operation of hood, doors, door glass, all latches, and keys

 

Exterior body paint (look for overspread on weather strips, molding around windshield, rear glass, inside fenders, near hood or truck lid, rear panels, and door handles)

 

Vehicle's body for waviness, irregularities on both sides

 

Magnet check on panels (if doesn’t stick, panel is not metal—may have been repaired)

 

Mismatched colors and uneven textures

 

Poorly fitted panels that suggest body repairs

 

All lights, headlamps, taillights, turn signals, brake lights, back-up lights, and license plate tag lights

 

Spare tire, jack, and tools

 

Water or water damage in trunk

Interior

 

Seats, door panels, headliner, rugs, and mats

 

Seat belts, front and rear

 

Door locks, power windows, and power seats

 

Radio, tape player, or compact disk player

 

Horn and steering column

 

Windshield wiper and automatic fluid

 

Dash lights, interior lights, and everything you can get your hands on

Before starting the engine

 

Stand behind the vehicle and look for smoke

 

Barely visible (just a little white is normal)

 

Blue smoke indicates burning oil

 

Black smoke indicates engine too rich (too much fuel)

 

Heavy, white smoke indicates a blown head gasket or cracked head

Test drive

 

On your test drive, find some rough pavement, go over a few bumps and listen for rattles, squeaks, and loose suspension.

 

Test to see if car pulls to one side or the other (sudden veering may indicate car needs front-end alignment).

 

(Front wheel drive only) Find an empty parking lot and turn sharply to the right and left in a tight circle and listen for knocking sounds (may need CV joints).

 

Brake performance: Brakes should stop smoothly and quietly (no squeaks or pulsations or pulling from one side to the other).

 

Brake pedal should feel firm--not spongy.

 

Try the air conditioner and the heater to make sure they work.

 

Engine performance: Engine should run smoothly and quietly. Listen for pings, rattles, knocks, grinds, vibrations, squeals, engine hesitation, or stumbles on acceleration.

 

Transmission performance: An automatic transmission should shift smoothly without jerking, slipping, or hesitation on upshift. With a manual transmission shift gears and listen. A grinding sound may indicate needed clutch plate or internal repairs.


 


 

Complete Car Cost Expectations Work Sheet

 

Fill in your own estimates for each vehicle you are considering, and decide who is responsible for each expense. Since insurance premiums vary considerably, call an insurance agent for estimates. 

 

 

Monthly

cost

Monthly

cost

Who

pays?

Vehicle make & model

Sample

 

 

Loan payment

$280

 

 

State tags/licensing

$5

 

 

Gas

$65

 

 

Oil changes (quarterly)

$10

 

 

Maintenance

$25

 

 

Repairs

$30

 

 

Insurance

$110

 

 

Other

$0

 

 

TOTAL
OWNERSHIP COSTS

$525

 

 

 


Used-Car Priority/Agreement Work Sheet

 

Why are there so many different vehicles, with so many different features? Mostly, it's about choice. What appeals to one person is totally insignificant to another. For each characteristic, fill in the quality you’re seeking and how important it is to you using this scale. Discuss your priorities, reach agreement, and circle your agreed-upon priorities.

0 = Not important            2 = Very important

1 = Fairly important          3 = MUST have

 

Category

Parent’s choice

Rate

Teen’s choice

Rate

Overall

 

Type (car, pick-up, SUV, van)

 

 

 

 

Manufacturer or dealer warranty (1 yr, 2 yr, 3 yr)

 

 

 

 

Manufacturer

 

 

 

 

Style (2-dr, 4-dr, hatchback)

 

 

 

 

Maximum odometer reading

 

 

 

 

Model-year range

 

 

 

 

Color

 

 

 

 

Body free of dings or dents

 

 

 

 

Sunroof

 

 

 

 

Performance

 

Fuel economy (10mpg, 20mpg, 30+mpg)

 

 

 

 

Horsepower

 

 

 

 

Rated as reliable

 

 

 

 

Handles well on highway

 

 

 

 

4-wheel drive

 

 

 

 

Safety

 

Lap/shoulder seat belt

 

 

 

 

Driver air bag

 

 

 

 

Passenger/side air bag

 

 

 

 

Antilock brakes

 

 

 

 

Rated as safe in crash tests

 

 

 

 

Daytime running lights

 

 

 

 

Interior

 

Comfortable seats

 

 

 

 

Interior (vinyl, cloth, or leather)

 

 

 

 

A/C

 

 

 

 

Stereo/tape/CD

 

 

 

 

Comfortable/quiet ride

 

 

 

 

Pricing

 

Maximum sales price

 

 

 

 

Low insurance premiums

 

 

 

 

Other

 

 

 

 

 

 

Anytime Adviser--Used Car Buying Coach

© 2003 Credit Union National Association Inc.

© 2003 Credit Union National Association Inc.