mardi 26 novembre 2013
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Used Car Vocabulary - Check On This Before You Buy A Used Auto
If you are in the used car market, for the first time, you would be overwhelmed with a lot of things that you need to learn. But taking into consideration the risks that come with making a used car purchase, you should know find it necessary to learn abut the ins and outs in the market. When you search online for this, you can take pleasure from the fact that there are a lot of tips. However, you have to be aware that to fully benefit from them, you should be well-versed with the vocabulary being used.
In this case, you should check on this list of key terms and their meanings. To begin with, you should be familiar with the acronyms that you are likely to encounter as you begin the buying process. Among these are: VIN, APR, SRV and CPO. VIN is short for vehicle identification number which every vehicle manufactured since 1982 would have. It is a group of 17 characters that appear on the dashboard and on other car documents. It is usually the information required in getting used vehicle history report. APR stands for annual percentage rate, which refers to the yearly interest rate on a loan.
Another acronym, SRV, is short for suggested retail value or the price a seller might charge for a particular auto. This can be obtained for free from a couple of popular online resources which are also car valuation companies. You need to get hold of this info prior to making negotiation with the seller. Aside from this, another acronym that has become an integral part of every used car buyer's vocabulary is CPO or certified pre-owned cars. You can research some info about the said type of used vehicle online. But basically, these are used cars of the late model that have been inspected, refurbished and certified by car makers or other certifying bodies. Thus, they usually come with warranty.
When it comes to warranty, you will also come across terms like "as is," implied, manufacturer's warranty and extended warranty or service contract. "As is" means no warranty. Implied warranty, on the other hand, denotes that the car has met reasonable standards. Manufacturer's warranty is, as the name implies, the original warranty from the manufacturer. In the case of extended warranty, it is the prolonged warranty and is paid for during the car purchase. Regardless of what warranty the car has, it should be the type that has been agreed upon by the buyer and seller and is stipulated in the contract.
Other words you should get acquainted with, are those that refer to the condition of the auto. These are excellent, good and fair. Excellent cars look great and have excellent mechanical condition. Cars in good condition are those vehicles, which only have minor defects.
Fair cars have some mechanical and cosmetic defects but are still in good running condition. This means that this vehicle might require some repair. There are some other terms that you should learn first before checking out Hertz Car Sales. When you know the words spoken by everyone in the used car market, you can easily deal with the car purchase.
In this case, you should check on this list of key terms and their meanings. To begin with, you should be familiar with the acronyms that you are likely to encounter as you begin the buying process. Among these are: VIN, APR, SRV and CPO. VIN is short for vehicle identification number which every vehicle manufactured since 1982 would have. It is a group of 17 characters that appear on the dashboard and on other car documents. It is usually the information required in getting used vehicle history report. APR stands for annual percentage rate, which refers to the yearly interest rate on a loan.
Another acronym, SRV, is short for suggested retail value or the price a seller might charge for a particular auto. This can be obtained for free from a couple of popular online resources which are also car valuation companies. You need to get hold of this info prior to making negotiation with the seller. Aside from this, another acronym that has become an integral part of every used car buyer's vocabulary is CPO or certified pre-owned cars. You can research some info about the said type of used vehicle online. But basically, these are used cars of the late model that have been inspected, refurbished and certified by car makers or other certifying bodies. Thus, they usually come with warranty.
When it comes to warranty, you will also come across terms like "as is," implied, manufacturer's warranty and extended warranty or service contract. "As is" means no warranty. Implied warranty, on the other hand, denotes that the car has met reasonable standards. Manufacturer's warranty is, as the name implies, the original warranty from the manufacturer. In the case of extended warranty, it is the prolonged warranty and is paid for during the car purchase. Regardless of what warranty the car has, it should be the type that has been agreed upon by the buyer and seller and is stipulated in the contract.
Other words you should get acquainted with, are those that refer to the condition of the auto. These are excellent, good and fair. Excellent cars look great and have excellent mechanical condition. Cars in good condition are those vehicles, which only have minor defects.
Fair cars have some mechanical and cosmetic defects but are still in good running condition. This means that this vehicle might require some repair. There are some other terms that you should learn first before checking out Hertz Car Sales. When you know the words spoken by everyone in the used car market, you can easily deal with the car purchase.
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If you want to know more about cars and the like, then try searching at HertzCarSales.com for more details.
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