What Should I Do Before Buying A Car? - Ep #25

March 4, 2018

Have you ever wondered what you need to do before buying a car? It can be complicated & feel overwhelming. Tom Martin, of Tom Martin Coaching, has 26 years in the auto industry & he helps break it down in an easy to understand way.  

 

 

Show Notes:

Tom Martin bio: Tom Martin is a certified executive coach who helps business owners design and execute strategies that help them win in business and in life. 

 

Website: http://www.tommartincoaching.com/

Facebook: http://www.facebook.com/TomMartinCoaching

LinkedIn: https://www.linkedin.com/in/TomMartinATL/

Twitter: https://twitter.com/TomMartinATL

 

Where to go to get information when trying to figure out what style of car to buy:

- MSN Autos – Research: https://www.msn.com/en-us/autos/research

- NADA Guides – Research and Compare: http://www.nadaguides.com/Cars

- AOL Autos (now AutoBlog): https://help.aol.com/products/aol-autos

 

Where to go to get information about third-party reviews, reliability reports, and safety ratings for specific models your considering:  

- Consumer Reports – Find Car Ratings: https://www.consumerreports.org/cars/used-cars/

- Edmunds – Used Car Ratings: https://www.edmunds.com/used-car-ratings/

- Kelley Blue Book – Car Reviews and Ratings: https://www.kbb.com/car-reviews/

- JD Powers – Vehicle Dependability Study: http://www.jdpower.com/cars/articles/jd-power-studies/new-and-used-car-ratings-2010-present

- Insurance Institute of Highway Safety: http://www.iihs.org/iihs/ratings

- National Highway Traffic Safety Association: https://www.nhtsa.gov/ratings

- Note! They serve as a resource to check on manufacturer recalls

 

Where to go to get information to help you negotiate a good deal: 

Kelley Blue Book – Used Car Values: https://www.kbb.com/used-cars/

Edmunds – True Market Value (TMV): https://www.edmunds.com/used-cars-for-sale/

NADA Guides: Used Car Value Guide: http://www.nadaguides.com/Cars

True Car: No hassle pricing service: https://www.truecar.com/#/

Carvana: virtual used car dealer: https://www.carvana.com/

 

Before buying a car from a used car dealer or an individual: 

- Get a CARFAX report: https://www.carfax.com/ 

- You want to do this before investing in the presale inspection to make sure there are no “red-flags” like major accidents or if the car was in an area which experienced a flood or natural disaster. 

- Invest in a pre-sale inspection: make sure it is an ASE certified mechanic 

- If you don’t have a local mechanic ask your neighbors on Nextdoor for a recommendation. 

- Contact your local DMV: you want to know what it will cost you to legally transfer the title into your name and register the car for the upcoming year. 

- Ask the dealer or individual to show you the title to make sure they legally own the car before completing the transaction.  

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