Buying a Used Car over the Internet
Presented to the Seoul Computer Club By Marc Miller September 11, 2004
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Only a Fool Would Buy a Used Car over the Internet!!
• • • • •
Why shop online for a used car? How to shop for a used car online. I found an interesting car, now what? Doing the Deal Some tips
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Why Shop Online for a Used Car?
• Wider Selection
– Exact year, model, color and equipment – Condition – Price
• Convenience
– Shopping from a distance – Shopping locally
• Because that’s where the cars are.
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How to Shop for a Used Car Online
• Online Auctions
– eBay – Autotrader Auction Autowide
• Online Classified Ads
Carsdotcom BobaeDream
• Enthusiasts’ Sites with For Sale ads
– MR2COM XCARS MR2OC
• Enthusiasts’ Mailing Lists and Forums
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I found an interesting car. Now what?
• Getting more info
– – – – Contact the seller (email, phone) Service history, receipts VIN and Title status (clear, salvage, rebuilt) Carfax (DMV history)
• Kicking the tires
– Inspection services
• Getting a shipping quote
– Movecars Shipcar
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Doing the Deal
• Buyer Beware!
– (would you buy a used car from this seller?)
• • • •
Auction or Direct Purchase? Payment terms (Partial/Down payment?) 3rd Party Escrow service (or hire a lawyer) Payment methods
– Bank wire transfer paypal & credit card
• Shipping, insurance and misc. costs • Title Transfer and Bill of Sale
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Some tips
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Be patient! Be an informed buyer! Don’t believe your eyes! If it sounds too good to be true… “As is” and “Where is” mean just that. Private owners vs. dealers. Know your seller! Avoid the rustbelt!
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