A report on consumer expenditures by the Bureau of Labor Statistics (BLS) indicated that the typical American earned nearly $64,000 in 2011 (gross income). Similarly, the typical American spent nearly $50,000 in the same year. That left him with net income of $14,000. It’s more than enough for a used car (as per the used car market); but not necessarily for a new one.
When you go to purchase a new car from one of the car dealerships in Indianapolis, you expect the inventory you are looking at to be in perfect condition. After all, new cars for sale in Indianapolis have come straight from the factories where they were produced. They have been carefully assembled, tested, and inspected by no fewer than hundreds of specialized employees. They passed factory certification and the requirements to be sold with a manufacturer’s warranty, which guarantees that the manufacturer will take care of any unforeseen problems which arise during a certain initial period of time. They will never be in better shape than they are when they are first delivered.
There are many ways in which used car dealerships in Indianapolis are not like supermarkets. The first and most important of these is the fact that they never have any stuffed animal-filled claw machines in the front, so they are not a good place to waste your quarters and hours of your time. However, the second most important of these is the fact that the products they sell are not identical. That is to say that while Kleenex-brand facial tissues are the same quality product no matter whether you buy them at Wal*Mart, Marsh, or Krogers, a used Mitsubishi Indianapolis will be very different depending on whether you buy it at, for example, Ray Skillman Mitsubishi West or Uncle Bob’s Used Cars.
Buying used cars for sale in Indianapolis may sound difficult for many people, especially for those who have never bought a vehicle. However, one only needs to have the necessary street smarts to navigate the long hard path to the successful purchase of a used car. As the Internet has revolutionized information’s accessibility, you can now make an informed decision with its help.
Your first course of action would be to conduct ample research into the different car makes and models that you may want to buy. There are several reputable websites exist that catalogue a wide number of land vehicles in the United states, together with their technical specifications and sticker value on the used car market.
These days, car dealerships in Indianapolis like Ray Skillman Westide Auto Mall, have taken upon themselves the task of looking for and dealing with buyers. However, it still helps to go directly to the last owner of the car and ask him some questions which might explain why he is selling the vehicle in the first place.
Essential information that you could obtain from conversing with the owner should include things such as how long the car has actually been used, how many drivers the car has been through, how much mileage it has accumulated, whether the car underwent major servicing, and what modifications were done, if ever.
This way, you get to have a basic idea of the car’s history, which may assist you in deciding if it is worth purchasing, and whether there is a strong possibility of it incurring damages in the near future. For instance, a car that has been passed on to many subsequent owners may indicate constant dissatisfaction among previous drivers; while a car that was kept for a long time by its original buyer, even if it’s a model that’s more than a decade old, could imply that the car was well taken care of.
Once you have an approximate idea of the car’s history through persistent questioning of the owner, you may now corroborate that information with official reports that you could request from such car background databases like Experian and CarFax.
Car leases that come with special offers are now recognized as the easiest way to own the coolest rides in the market. It may be difficult, however, to determine which of the numerous car lease specials are worth taking. So how do you land a good car lease special offered by customer-oriented Indianapolis auto dealers?
First of all, you need to find out whether a down payment is required. A down payment is usually a substantial percentage of the total cost paid upfront as a lump. A down payment reduces the amount you pay monthly; but if the car gets damaged or stolen, your insurance and gap cost will not cover your existing loss. So, as much as possible, choose a lease that doesn’t require a down payment.
A good car lease special will have a mileage limit that works for you. Many leasing companies only provide a 10,000 to 15,000 mile limit per year, which is an amount that is very difficult to stay within. Even people who work from home can easily reach such numbers in a year. You best be forewarned: some unscrupulous dealers may try to trick you into a low-cost lease with a ridiculously low mileage limit.
Once you exceed the limit, car lease companies, here in the capital of Indiana State, may charge you as much as 25 cents per excess mile. By the end of the lease, you’ll have probably accumulated excess miles amounting to thousands of dollars. Therefore, if you’re a high-mileage driver – meaning you drive 18,000 miles per year or more – you’re better off buying the car than leasing it.
If you plan to use your car mainly for business purposes, you may be able to write the entire lease amount off in your taxes. This is definitely better compared to writing off just the interest on a new car loan. However, government tax regulations are constantly evolving; so consult a tax professional about the tax advantages you can get from leasing a car.
Finally, the best way to know you’re getting a good deal on a car lease is to go only to reputable dealers. These types of dealers can be trusted to look after your welfare as if it were their own. For the best car lease specials, visit reputable Indianapolis car dealers such as Ray Skillman West Side Auto Mall.