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Buying a Used Car over the Internet

Buying a Used Car over the Internet. Presented to the Seoul Computer Club By Marc Miller September 11, 2004. 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

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Buying a Used Car over the Internet

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  1. Buying a Used Car over the Internet Presented to the Seoul Computer Club By Marc Miller September 11, 2004

  2. 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

  3. 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.

  4. How to Shop for a Used Car Online • Online Auctions • eBayAuctionAutowide • Online Classified Ads • AutotraderCarsdotcomBobaeDream • Enthusiasts’ Sites with For Sale ads • MR2COMXCARSMR2OC • Enthusiasts’ Mailing Lists and Forums

  5. 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 • MovecarsShipcar

  6. 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

  7. Some tips • 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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