Car Finance / Consider Your Options![]() Informed car buyers know how important it is to choose a vehicle that holds its resale value. But many consumers don't realize that the new-car options you choose will depreciate at different rates.In fact, some options lose nearly all their value while other options retain as much as half their worth after three years. Depreciation aside, choosing the right options can make your vehicle more enjoyable for you and more attractive to the next buyer. One industry insider said that buying a car with the "big three options" — power sunroof, alloy wheels and navigation system — will ensure a quick sale or high trade in value. Sadly, safety equipment usually scores low on the resale value of options. In other cases, options that introduce new technology are expensive when new but don't always add extra value when the car is being resold. One rule of thumb is that visible options and comfort features hold their value well. In some cases, used-car shoppers are not even aware of all the options that are included with the purchase of their car, and that includes some safety features. Further, as such safety features as side airbags and stability control become standard on an increasing number of vehicles, they will not add to the asking price of a used car. Choosing options can be confusing. They are often bundled together as "packages." These packages save the buyer money by offering more options at a discounted price. Additionally, packages group options together in a logical fashion under certain descriptive titles such as "Performance Package" or "Comfort Package" or even "Luxury Package." When it's time to resell the car, these packages will usually provide a nice return. Edmunds.com data analysts compiled the following list of packages and options that are particularly popular and will make the car more appealing in the used-car market. Rear DVD entertainment systems Sunroofs/moonroofs Alloy wheels Sport packages Performance packages Bluetooth connectivity Navigation systems When shopping, give some thought to how well the options on the car you're considering will stand the test of time. Safety is, of course, extremely important. But don't expect those features to add much to the resale of your car. Use the Internet to contact dealerships to locate the car with the options you want. When considering options, make sure you are realistic about how they affect your total cost. Many cars have a low base price, but quickly become expensive when you have them optioned to your taste. Use Edmunds.com's True Market Value "Price with Options" feature in the New Cars section. It will add all the options to the base price, along with the shipping and the destination fee. |
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![]() Inexpensive portable navigation systems and even cheaper smartphone nav applications are making the pricey in-dash systems offered by automakers less attractive to many consumers. But some people prefer in-dash systems because of their larger screens and because they offer more features. Plus, you never have to worry about forgetting an in-dash system at home. Finally, prices for in-dash systems are starting to drop. ![]() Bluetooth is a wireless technology that allows two compatible devices to communicate. In the car, it lets you operate a mobile phone "hands-free," meaning you don't have to hold the device while making or taking a call or performing such functions as accessing the phone's address book. (Of course, you have to use your hands to operate certain Bluetooth features via the vehicle's controls.) ![]() Automotive sound systems are more complex now that portable media players, hard-disk drives and smartphones are along for the ride. But the basic radio/speaker setup hasn't drastically changed, even though more speakers and more amplifier power have been added over the years.
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![]() Sales of Ford vehicles increased 13.3 percent in June compared to the same month last year, and the gain was largely spurred by a strong showing by the carmaker’s Super Duty pickup trucks. ![]() Responsible consumers tend to have all their affairs in order – a steady income, plenty of savings and perhaps even an investment or two on the side. While these things are all positive, they ultimately won't get you approved for an auto loan – for that, you need credit.
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![]() Getting the Best Rates on Your Car Loan ![]() Identifying Your Target Cars & Arranging Financing ![]() There are certain people who seem to have X-ray vision, who can look at a business and see things that are invisible to other people. I bring this up because I have a friend who spotted something about used cars that I have never heard addressed by anyone else.
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