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Boxed In On The Car Lot
In the late 1990s, auto makers, their finance companies, and banks pumped up vehicle sales with great deals on leases. In the past year, the industry kept sales roaring with 0% financing deals. Both schemes helped move plenty of metal, but they also have caused a flood of trade ins and off lease cars to dealers' lots this year. The influx of cars — combined with a soft economy — has sent used car prices tumbling 4% this year, to below the average ...
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Buying Used Car Get Data First Then A Test Drive
Everyone looking for a new ride must begin with this decision: new or used?
Auto manufacturers have been trying desperately, through various types of discounts, to get consumers to buy new models. Ironically, those efforts make used cars more attractive as well. "The latest round of incentives has started to really depress used car prices," says Art Spinella, president of CNW Marketing Research. Every dollar of incentives offered by manufacturer ...
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Certified Pre Owned Cars Used Does Not Mean Abused 1
New cars are great. Beyond that fresh smell and being the first one to program the radio presets, it's a given that everything works, and if there's a problem the warranty will take care of it. The downside, of course, is the new car price and the psychological gut punch that comes from the alarming rate of depreciation that begins the moment you drive off the dealer's lot.
But savvy buyers know there's a way to dodge the depreciation hit and st ...
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Certified Pre Owned Cars Used Does Not Mean Abused 2
Among the manufacturers offering CPO vehicles, some really stand out. These include:
• Acura: In addition to a 12 month/12,000 mile "bumper to bumper" warranty that covers just about everything, those who purchase Acura CPO vehicles also get a seven year/100,000 mile powertrain warranty that covers the engine and transmission. Acura also offers a three day return proviso that lets you back out of a deal if you decide the car is not for you. (Sat ...
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| New Impound Cars Auction Articles... |
 | Costello Quits Sears To Sell Used Cars
Republic Industries, taking another step to sharpen marketing of its AutoNation USA brand, has hired Sears, Roebuck & Co. turnaround guru John Costello as its president.
Mr. Costello, 52, who worked for Procter & Gamble Co. and Pepsi Cola USA, joined Sears in 1993 as an outsider whose task was to revitalize marketing at the ailing retailer. One of his first tasks on the job was to hire Young & Rubicam and Ogilvy & Mather as Sears' two advertisin ...
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 | Full Used Car Lots Could Lead To Deals
Soaring new car sales are swamping dealers with trade ins, leading to a glut of used cars that could deflate prices.
"I suspect all dealers will have the used car sale of a lifetime," says Jerry Reynolds of Prestige Ford in Garland, Texas. He launched his own promotions this week as his used car lot reached 410 vehicles, up from the normal 250.
Dealers took in loads of trade ins from buyers flocking to take advantage of the no haggle "employee ...
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 | Have I Got A Deal For You
FOR 20 YEARS ADAM SIMMS, 37, sold used cars the old fashioned way. He'd stockpile an inventory, and when people came in he'd try to sweet talk them into buying what he had sitting outside. Last year it struck him: Why not listen to what customers wanted and then go out and hunt the cars down for them?
The Internet allows him to do just that, and thus was born his Imotors.com, an online used car site backed by the likes of Microsoft cofounder Pa ...
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 | New Car Buying Strategy
For most people, car shopping is an unfamiliar and daunting experience, made worse because bargaining about price is expected. If you want to avoid the negotiating process, you can buy a Saturn. That make has a one price, take it or leave it policy. But if you don't happen to want a Saturn, the haggle free choices are limited. Some other automakers have established a one price policy for a few specific models, but those models are usually the les ...
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 | Testing Cars And Buyers
The last time I test drove a car, I pulled out of the parking lot, made a right turn onto a four lane road, stopped at a few lights, took a three minute spin on the highway (passing no one), tuned the radio to Z100 to mollify my son in the back seat, turned around and headed back. The whole thing took about 15 minutes.
A couple of days later, I bought the car. And though I've been extremely happy with it, I have to credit dumb luck. When it came ...
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