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Should I buy salvaged Miata?

I'm considering buying a 2003 Miata with a salvaged title. I checked it out, and all seems fine. The guy selling is very upfront with the history of the vehicle. Is it really a CHICK car though? I never thought of it that way, but some say it's not a car for a guy. Help me make my decision by posting your response


 


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CARFAX Vehicle History Reports - Used car buyer beware -
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Get More Cash for Your Car: Expert Car Selling Tips from Lauren Fix
When it's time to say goodbye to your old car, there are many ways to get more cash for your car. At one time, your old car was your new car and perhaps your pride and joy. Now it's time to sell. Maybe another set of wheels has caught your eye, you need a lower monthly payment, or you're just ready for a change. Whatever the reason, you're probably researching the car you want to buy with more enthusiasm than you're investigating how to sell your old one. But taking time to sell your car the smart way can help bring you the best deal. Here are six ways to get the most money for your old set of wheels. 1. Showcase the Car - It's a given that you should spiff up a car you're trying to sell. You can compare the process to staging a home for the real estate market. People often clear countertops, clean closets and rearrange furniture to showcase their homes. Stage your car, as well. Clean the floor mats, the stains on the cushions, the engine. 2. Fix What's Worth Fixing - As you evaluate the car's condition, think about: • Easy cosmetic changes, such as touching up paint or repairing dents. • Mechanical tune ups. A trusted mechanic can inspect the vehicle for must-do fixes. It may be worth replacing an aging brake system to attract a buyer, but don't sink so much into repairs that it eats into the profit you're seeking. 3. Establish What It's Really Worth - To price the car correctly, know its current value and be realistic about its condition. Whether you're considering trading in your vehicle or selling it yourself, check websites such as Kelly Blue Book, Truecar.com, Edmunds.com, and the National Automobile Dealer Association to help you understand your car's market value. When using these sites, be sure to factor in the mileage, condition of the interior and minor dings to get a better understanding of your vehicle's worth. 4. Decide Whether to Trade It In or Sell It - It's generally known that you're likely going to get more for a used car if you sell it to an individual buyer rather than to a dealer or trading it in. That's because dealers have to put money into a used car to refurbish it and bring it to market or auction. So, research trade-in value versus the private-sale value online. Knowing the difference can help you weigh your options. Generally, you have these choices: • Dealer trade-in. While dealers generally offer wholesale price for a trade-in that is typically lower than if you sell your vehicle on your own, you might find the convenience of a same-day transaction worthwhile. The sales tax credit for the trade-in, offered in many states, can sweeten the deal. In that scenario, you pay sales tax on the new car price minus the trade-in amount. On a $20,000 new car with a $12,000 trade-in, you'd only owe sales tax on $8,000 instead of $20,000. In a county with 8% sales tax, that's a savings of $960. • Direct sale to an individual. While this can be the best way to get the highest price for your car, this option requires more time and effort. There are also the traditional sales methods: Tape a "For Sale" sign to the window, or buy an advertisement in your local or community newspaper's classifieds. However you advertise, be prepared to negotiate with buyers who have done their research. Keep safety in mind: Meet strangers in a public place, and never give out your home address and other personal information. 5. Get Papers in Order - presenting the right paperwork can seal the deal. Here's what you need: • Service records- If you don't have long-term records, keep the most recent receipts for an oil change or tire purchase. • CARFAX Vehicle History Report This report, attached to a car's VIN or license tag number, can create good rapport with buyers and offer peace of mind by assuring them the car hasn't been flooded or totaled in a wreck and repair. 6. Be Smart About the Actual Transaction - paying close attention when writing the bill of sale. Include your name, the buyer's name and your signature, and date and keep a copy. Make sure to include these two key phrases: • Car sold in as-is condition. • No warranties expressed or implied. Otherwise, if something goes wrong with the car, an unhappy buyer could come back and demand some money back, Next, transfer the title per NYS laws • Only turn over the keys and title once the buyer's check has cleared. • When you transfer the title, cancel your car insurance on the vehicle. Kbb.com truecar.com edmunds.com nada.com Courtesy of YNN/Time Warner Cable Aired: 6/06/2013 Learn more: http://www.laurenfix.com Sign up for Lauren's FREE newsletter @ http://goo.gl/jysWX Follow me: @ http://twitter.com/laurenfix Facebook page: https://www.facebook.com/Lauren.Fix.The.Car.Coach Lauren's Blog: http://laurenfix.blogspot.com




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