Posts with keyword dealer-warranty→
A note on extended warranty
(This is the last post of the 8-part series An investing-friendly car buying guide.)
You got your car. Congratulations! The car has at least two to three months of dealer warranty to cover for any problem in its early days (unless you bought it from a private seller, in which case you are on your own). Also, depending on the car’s age, it may still carry the remaining balance of the original factory warranty that you should be able to use.
Continue >>
Wrapping it up
(This is the 7th post of the 8-part series An investing-friendly car buying guide. This is also somewhat long, but you get your car at the end!)
You have checked the car inside and out, test drove it, got the green signal from your mechanic, and now back to the seller to “seal the deal”. If you are buying from a private owner, the process is easy. The car usually costs less than it would in a dealership, and depending on the urgency of the owner, may cost even less than Edmunds’ TMV
. You may try bargaining down further if the car needs some major repair. Get all maintenance records from the owner (to make sure the car was in good hands). Complete the formalities of title transfer etc. and the car is yours.
Continue >>
Making a list
(This is the 4th post of the 8-part series An investing-friendly car buying guide.)
You want to buy a used car (why? because of this and this), and have a budget of $10,000. Which one car, among the several hundreds of different types out there, should you choose? For the sake of this discussion, we narrow the field down to the 4-door sedan cars in mid-sized segments. (Everything said here holds for most other types of cars as well.)
Continue >>

