Before you Buy
When selecting a Used Car, consider the following:
- What type of car are you looking for (car, truck, sports car)?
- How many miles do you drive a year?
- Will you be trading your vehicle in?
- Make sure that your insurance company provides a reasonable rate?
Determine how much you want to pay. And determine if you require financing. If so, visit the financing page for competitive information.
When you consider purchasing a vehicle use this checklist
Phase 1
- Check the Odometer for accurate mileage
- Complete visual inspection of Exterior
- Complete visual inspection of Interior
- Inspect Engine visually (have mechanic inspect if uncertain)
- Check tire wear
- Ask if vehicle is “As Is” or if any Vehicle Warranty is available
Phase 2
- Start vehicle and test drive vehicle
- Verify brakes, steering and mechanical equipment are satisfactory
Phase 3 If you are unsure in the vehicle
- Have a mechanic inspect vehicle
- Check CARFAX or AUTOCHECK for Accident and service history
Phase 4
- Negotiate the best price
Phase 5
- Contact your insurance company and request to add the car to your policy
MYCARBUY prides itself on providing as much information as you may need to help you make a good decision. Many people are acquiring used vehicles to save money. Just be very careful and ask questions if you are uncertain of any information regarding acquiring a vehicle.
Donating a Vehicle
Donation Laws have Changed
Over the years many people have received tax deductions, sometimes quite large, because they donated their car to a charity. Before 2005, people received a tax break for the Kelly Blue Book value of the car.
The IRS noticed that this was happening so they decided to change the law so people could only deduct the actual value of the vehicle. This means that the organization you dontate the vehicle must provide the auction price or sale price of vehicle. Intern you must use the actual value for reporting to the IRS for your tax deduction.
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