January 9, 2010
Mon, 11 Jan 2010
Autoflex Leasing Show 1-9-10 part 3 of 8
+Automatically Generated Transcript (may not be 100% accurate)
" Friend now and thanks to the total -- recent show." " Equity less likely to enjoy glad you're here good morning. On this nice nice cold Saturday Taylor into a little cold snap Remington. Sure and David and I and on and join us so much real difficult I don't like a lot better if we had since and no instant slowed since -- death disease and we get a texts -- still called yeah thanks don't wanna know there was a fire and gunfire downtown." " Out of his buddies out there." " Driving around and sees a fire yeah Collison Telus is we can't tell from the studio we can't see until I hear I've been it's a former rental vehicle or it could very -- right." " couple of people did texted and say. Here's one I drive a formal rental car and -- 2000 mama. 2000 miles a month on it for the past two years with no problems. And some and I'll spot a Chrysler Sebring touring. Last year that was a rental with only 3000 miles on it it's been great car while taking care of -- exactly I don't you just have to get lucky with any car." " Sure no clinical excellence nice I agree that rental cars your potential crap I know firsthand. Of the -- for all cars take about four years ago on my brother and I ended up for the rule mustang GT. We roasted -- on that thing till late tires till late popped. We -- around the corner from the rental car company and to ultimately had to blow -- so I'm sighing you know. It's just according to the car you're right Jamie how you get it what's the car with 3000 miles develop market. They're government that they had it for a year you know there's there's. There's -- most rental car companies have an agreement that. -- was good to sit down and they roll those cars on back for sale through auction at eleven months. So it's issue according to how -- targets -- driven in eleven months or longer used rental vehicle exactly well so much -- deal that really good deal probably. -- if it's time to you to look for new vehicle one thing you have to do before you -- net new and new car smell for your -- you have to do something with year old car there's a process that's involved -- Yet you know every one has to make the decision what do you do with a car that you've got sometimes and be the toughest part. Of trying to make that trade because you know the traditional way is you've taken in traded in and end but a lot of people like to sell their own cars. And there's good and bad about everything first of all. Trading your car it works it's easier. You don't have to worry about future liability if something breaks on the car a dealer won't come back to you and enhanced you'd have to repair transmission. If it breaks two week safety training and on you concise and sales tax. By using a trade in in Texas the value of the -- in is some detracted from the value of the car you're buying and you only pay sales tax on the difference. On so that's one way to do it but you're gonna get less in trading in in this if you sold the -- yourself. And that's just a fact that you'll you can answer the metal --" " That's because -- in the car yourself as a job so why you get paid for doing that job just like any other -- person does you have to market vehicle. You know put it online put aside in the car -- whatever you going to do to advertise the car. In the you have to deal with the public that's coming to you to negotiate on the price of that car it to make yourself completely available to show the car. Let -- test drive the car. And you put yourself a lot of risk because hang your meeting with different people stranger she don't know. -- if they do test drive your car would about the insurance is gonna pay if something happens while they're test driving it." " And how we you know here's the other thing can't tell you how many people that I you've been getting a car for and they say don't worry about my trading because I've got it -- in the guide ignited Celtic. -- He couldn't get the right he wanted war he tells them he's -- their car. But any continues to shop and he finds a car with a few less miles and then their out in the cold again so -- in the editing is -- pressure car. -- you you and I you can look online and certainly you'll find a lot of cars on line for sale if you realize I was asking prices -- in most cases those people will accept sometimes considerably list and then it got there. You can go to Edmunds dot com and KBB dot com in those places. That those really are not exactly. A good way to do it either on." " They just keep your baseline it's nationwide. -- an average everything from east of the west north and south. And it could really vary depending on the area that your movement you know you'll get more for four wheel drive where it snows than you will and -- exactly yeah." " So as another boy you can be that by the way is to check local dealers and see what they've got like cars on the lot further for for their leadership. For sale for. On because that'll give you an idea of what the car is doing locally in you have to look at the miles on to note that that it's about the same kind of cars farce. The value of it the other thing -- The image on your car and you know if you've got damage on your car of any kind then all of a sudden you're in the repair business because. You'll get more money for your car. If it's nice and clean and and all that neat stuff now." " If it's an OPEC car let's say there's nothing wrong with its move in ready. Okay just like when you're selling -- house and it's the presentation on the outside when people drive up -- that curb appeal to Jakarta and curb appeal is clean is scratched from being -- You know do you have brand new fresh looking tires is everything detailed in shining -- ago because if pitcher daily driver in your trying to sell you have to drive it. And use it every day while you're also trying to sell so you gotta kinda keep everything up and keep it clean and ready to go all the time." " Yeah there's another way you can sell a cartoonist by consignment and this this is an interesting thing because it means you're gonna give your car to someone and they're gonna sell it where you basically. Like percent and take percentage of of the sale price or take a -- from you for selling it. Now. It involves trust. I mean you really need to trust who you're giving his car today because. There's really nothing that assures you that you'll know what they sell your car for. Not really. You also don't notice they'll pay you once say it's old your car. And I actually knew the case where someone gave someone a title and a car. To sell the car on and they sell it and invite him on now in place suited. In the courts said we're sorry when you handed him the title you gave him your car. And you know that it's not right it could well that's how works you get -- get shot you hit it this. It's an end to the wrong thing so long -- than consignment is away. But not a good way to sell a car you'd be better off I would think do you yourself are finally you can donate your card charity. And if it is an old enough car and not worth very much money sometimes it does it works on several levels it helps the charity from. It maker provide someone a car. To drive it couldn't get a car to drive. And -- nice tax deduction. So let's the other way very few people do that except in really older cars and it works pretty good for them." " Especially if you don't qualify for that Texas clean air act return in the car -- you make too much money for that you could use the tax deduction instead. And of course well missed out on the gas -- that's over with now." " Right right so anyway you're gonna sell your car. What do you do now you get it ready. You have it first all of you have -- cleaned up. Because when people look in -- cleaned up car when it looks like it's kept like that all the time even if you really -- Click when it looks like they've kept the car that -- that people think oh it's been met it's been warming and so you can't if it's not a big missed you can go -- car wash. And they can do really nice job vacuum and get through windows and get all the dust off the dashboard that is you know quarter and sticker if pinned down. Get everything done in -- full service car wash and and sometimes that works now if your car is really dirty if you've got who reached the Coke on the carpet. You know things like that famous tossing a counselor -- T Rhode yeah Afghanistan pitcher engine -- as -- he tells exactly and have the whole deal done in you know that's not an expensive thankful -- somewhere between 8525. Dollars and the North Carolina they're gonna open the hood of that car oh yeah and when they opened it and CS spot." " That bodes well for you or more dollars more and more dollars anomaly that if you're cars clean and ready to go self faster yeah." " Everywhere and it's it's life it's even ready room I mean everybody everybody -- likes that okay. You got some damage your car how much damage GM dear little -- if you do you can call. They didn't repair place I paint let's -- repair place which means they won't have to paint the panels which means they'll match. Which is very important. And you can get rid of most if not all of those dings. Not a whole lot of money a couple of hundred dollar dollars a panel on average out as -- yeah." " As long as those Danes or in an area that can be repaired that way because they'll -- the interior panel of the car and into the suction cup thing -- but if it's up on the top edge of corners and there are some areas for the things just aren't gonna come out. Now that's pretty cheap to do but if you have actual body damage. Again that should be repaired before you're gonna try to sell that car on your -- you're not going to get your full dollar back on that one now it will help sell the car but you get to spend a thousand dollars repairing it. That -- back about a nickel. Well I've had." " Dollar YouTube page it pays you back some but you still are better off the -- it better -- have been prepared getting it being on the piece your gonna find more people will accept the Clark." " The end I mean do -- to go our car -- dings and scratches happily go get it fixed first yeah now so there won't drive that car. Exactly you know it just right -- they wouldn't be interested and that is where a trade and works better feed let's say don't have a thousand dollars to the spin on your car that you're about to sell. And you don't even wanna mess with it because since going to be in the shop for a little while to hit -- it to be without your car that's when he traded -- That's when he sold to CarMax that's when you sell it to somebody like a -- because they'll by the car s.'s. They will knock the price. Pretty Mets just exactly what it would cost them -- repairs so if it's a 500 dollar dent. Or dealer. It cost you 500 dollars in the value of the car and that means you'll have to spend the money and then only get half back you know I think people don't we." " Allies of the date when they take your car to a dealer that's exactly what they did. Because they're gonna sell that car like we're talking about move in ready. So there and it -- They're gonna say okay I'm gonna fix these beings it's gonna cost me this much -- putting tires on and what the tires are worn out -- spent 600 dollars on tires -- 75 dollar detail it's -- crack in the windshield that's 250 dollars. And that's Howell an appraisal work Sony used car when you tried to -- and so. You can traded him. Like that you can fix yourself. And maybe sell yourself and get more money. The other thing that that you have to consider on is honesty. You have to be honest when you sell your car if you're not. It can come back and really buy you armor if you -- misrepresent your cartoon individual. That you're selling it to you can come back on you. So he you can you can not be truthful with the dealer and probably nothing will happen but if -- silicon -- two you know. Someone did this -- offline -- on the paper and -- misrepresented the condition or a possible. Mechanical problem that's about to occur that you're aware of they can come back on you and they can they can get their money back full disclosure. Yes or are we talking legally or Smith & Wesson are only a little little addressed any I think about it people -- It and other gonna -- about that and here's the last thing if you sell to an individual. Hand him the title in getting cashiers check. Yes or no thanks check or cash but -- listened the scariest things that at that when the process goes on because you told stories about. Titles that never get. Changed over his someone's driving a car with you today on down they start running toll booths and no right yeah you get a little charges you get parking tickets. What about taking care of that process well I mean you have to. Go with him basically only if you're selling it to an individual. You have to go with them and make sure they switch that title out of your name otherwise." " I believe he can go online now -- to -- Department of Transportation -- work all right I'm pretty sure you can go online -- notified them that you sold the car and hit two and so forth in -- I have not actually done that but -- told that -- until he can do it doesn't actually change the registration over but it does notify the states so that if there's some liability past that point it's not your or -- some what protected from that so you get pulled over and they run a check and it shows up." " That your vehicle's been involved in something that will cover you that's enough to." " Yesterday I was not at 8 PM on trying to likes going to. A definite trend in morning when you get -- hold your law you're yeah." " Though there is something to be said for the ease of doing -- trading with the dealer day. Am a very important most people have alone on their car that must be paid off -- It it's done when he traded in the -- of flex with one of these dealerships that are reputable ride your pay off it's done. Tank -- timely manner with them up at." " And two. If you trade your car and do dealer you don't have to worry about future liability so if the transmission falls out after two weeks and folks we've had that happen. It's on us it's on you for thirty days. No I mean you when someone trades at a car they're -- trade and gallon tank they're not -- such decided trading your car at least you know you don't have future liability from mechanical breakdown. Where is he selling yourself you did you -- One quick difference to if you bring a -- on flex. We we've got a pre -- manager but he does not did all the cars that we taking tried. We actually do mini auction on trade and so we go online we look at auction prices. We call wholesaler we call dealers. I've got a couple of cars in my desk right now that I have spoken to four people on so far. To try to get the very most money for a car one of those cars I picked at 1500 dollars on. By just making one more phone call ya so the customer will benefit. By that because now he's gonna get 1500 dollars more for his Clark I think probably ought to flex is the only place that they handled straight games like this. We started years ago because our business. Is putting people in new cars leasing cars. Trade unions are nice and we solemn. But the more money I can get for them the easier it is still -- new car so that's what we try to do on on that front and on the right side." " And many times if you're going to dealership and you are looking at a brand new car. Date if if you're not buying the same model you're trading in that's not there specialty they may not have a great market for that particular brand. We shop and look around for the and we know who's buying." " One area yes and paying the most for them. So I can -- actually get that process started out reflective of well it's pretty easy call either 17 or 972. 2341234. Or. Go to ought to flex dot com online. In you can reach is that like a very easy and highly recommended -- flicks dot com also David and -- the eighteen from a Otto puts back a second we're gonna review Volkswagen. Aren't we can do attendees got a review of a Volkswagen data coming up on the auto -- leasing show. Models like -- show." Related Audio and Video |
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