AGCO Automotive Vehicle Questions Page

 Vehicle Questions
New and Used Vehicles, Buying and Selling
QUESTIONS
  1. When buying a used vehicle is it better to look for an older low mileage or a newer vehicle with higher miles?
  2. I just bought my first new car and wonder what is the best break-in procedure to follow?
  3. I am looking for a used vehicle and plan to have it thoroughly checked before buying. Are there any quick checks I can do to narrow my search?
  4. I recently purchased a used vehicle and have since discovered it had been seriously wrecked and repaired improperly. I have had several problems relating to this. The seller wrote “As Is” on the bill of sale, is there anything I can do?
  5. I am looking for a used vehicle and see the word “Certified” on many. These are normally more expensive than comparable vehicles. Is the certified vehicle worth more or is this merely marketing?
  6. I am buying a new vehicle and trading in my old one. Is there a way to know if I am receiving a fair trade value?
  7. My car has overheated and I am told the head gasket is now leaking and the price of repair well over a thousand dollars. Should I consider repair or buy another vehicle?
  8. I agree with your stated position, new vehicles are terrible investments. Other than that is there a time when you would recommend a new vehicle over a pre-owned vehicle?
  9. Buying a used car on a weekend, when I cannot have it checked, is there a way to protect myself?
  10. Are there certain new vehicles that are better to buy?
  11. Buying a new vehicle, I have been told by the salesman that I really should buy a five-year 70,000 mile extended warranty.
  12. Is it better to buy a used vehicle from a new car dealer, a used car lot or an individual?
  13. Looking for a used Japanese vehicle, is there anything particular to watch out for?
  14. I purchased a used vehicle recently and the owner told me it was in very good condition. I did not have it inspected until after the purchase and have learned it needs over $2000.00 in maintenance and repair.
  15. I have always driven American vehicles but I am considering a used Japanese import. I notice the oil pressure seems very low at an idle, compared to my other cars. Should I avoid this car?
  16. Can odometer rollback be traced?
  17. Is it wise to trade a vehicle after one year?
  18. Should I consider an extended warranty when buying a vehicle?
  19. Should a person ever consider buying a vehicle with 100,000 or more miles on it?
  20. Is there a better time of year to sell a used vehicle?
  21. Should I have all problems with my vehicle repaired before placing it for sale?
  22. My present vehicle runs well but only averages about 20 mpg. Some new vehicles get about 30 mpg. How can I tell how much I will save?
  23. My car has been on the market for several weeks. A few people have looked at it but nobody seems to want to buy. Are there any tricks to selling a car?
  24. There are a few minor problems with my vehicle. Should I fix them before trying to sell?
  25. I am thinking of buying a vehicle with a salvage title. Are there any special precautions I should take?
  26. I once sold a vehicle and the buyer did not transfer the title. Later I was contacted by the State because the vehicle did not show current insurance coverage and it took quite a bit to straighten out. How can this be prevented?
  27. When is it time to consider buying another vehicle?
  28. My Father and I are looking for an old vehicle to restore. Any pointers?
  29. I intend to buy a used car and have a Car Fax report, do I still need to have it inspected?
  30. I really like a vehicle I am looking at, but it has a Car Fax report of a serious collision. Should I avoid this vehicle?
  31. I would like to buy an American vehicle, any suggestions?
  32. At what age does a used vehicle represent the greatest value?
  33. I like to save money and am considering a hybrid to cut my fuel cost.
  34. Should I consider a hybrid vehicle?
  35. How can I calculate how much money I will save by going to a higher mileage vehicle?
  36. Recently I bought a forty-year old car that has been sitting idle for twenty-five years. The car is in excellent condition and I would like to restore it.
  37. I have a nine-year old vehicle, worth about $2500.00. The intake manifold is leaking badly and it needs other repairs amounting to about $2000.00. I like the vehicle other than that, would I be foolish to spend that much money on an old car?
  38. Lease payments are less than payments when purchasing a new car. Can I save money with a lease?
  39. How can I check my credit history before trying to finance a vehicle.
  40. While under warranty, is it best to have my maintenance performed by the dealership?
  41. I suspect the vehicle I purchased might have been wrecked?
  42. Which new car is the best from an investment standpoint?
  43. Is there a check-list (checklist) I can use when looking at used vehicles?
  44. Are there things I can check to see if a vehicle has been wrecked and repaired?
  45. What is considered an antique or classic car?
  46. I am buying a new vehicle I have been told by the salesperson I must have an extended warranty in order for the bank to finance the vehicle. Is this so or a scam?
  47. Does a manual shift transmission get better fuel mileage than an automatic transmission?
  48. I bought a car and did not get a title, because it could not be found.
  49. Looking at a used car, the owner will not let me test drive it because of liability if there were an accident. What can be done?
  50. Can changing tire size void the warranty on my new car?
  51. My vehicle is about 8,000 miles out of the manufacturer’s warranty and I have a transmission going out. The dealership says there is nothing they will do, what is my recourse?
ANSWERS
  1. Are there certain new vehicles that are better to buy?

    Most new vehicles will give good service if properly maintained, and few will if not. What is more important is to get a vehicle that meets your needs. For instance if fuel milage is very important to you, then don’t consider an SUV. By the same token, if you have a large family buying a compact vehicle will not normally be a good choice.

    Other things to consider are the popularity of the vehicle and the number of dealers in the area. For example Chevrolet is very popular and there are many dealers to supply parts and warranty service. More obscure brands may have only one dealership, and if they close, you may have difficulty. Also brands new to the US market may be somewhat risky.
    [Back to top]
  2. Are there things I can check to see if a vehicle has been wrecked and repaired?

    An expert may be required to spot a well repaired vehicle, but well repaired vehicles present few problem. There are several tell-tale signs the average person can spot. Vehicles with such signs will generally be considered poorly repaired and should be avoided. See our Detailed Topic Spotting Wrecked Vehicles for several examples.
    [Back to top]
  3. At what age does a used vehicle represent the greatest value?

    Maximum depreciation is often around three years. That is the vehicle has loss a higher percentage of its value than it will continue to loose. Some vehicles loose as much as 60 to 70% in three years. At only three years almost any quality built vehicle will still be in very good condition. Buying such a vehicle and following a rigid maintenance schedule will provide a very low overall cost, in my opinion.

    For much more information on calculating the true cost of a vehicle, see our Vehicle Cost Calculator in the Cost Saving Calculator Category.
    [Back to top]
  4. Buying a new vehicle, I have been told by the salesman that I really should buy a five-year 70,000 mile extended warranty.

    I advise against the purchase of such warranties. Your vehicle manufacturer’s warranty covers the vehicle for three years and 36,000 miles. You are being charged for five years and 70,000 miles but only getting two year and 34,000 miles of coverage.

    Extended warranties are nothing more than a term insurance policy with limitations. Warranty companies make money simply because they charge a lot more than they spend. Even after administrative cost, promotion, commissions and claims there is a lot of money left over. This means most people buying them will pay more for the policy than they would have paid for repairs.

    Most salesmen and dealerships receive a commission payment for selling these policies. I feel this has a lot more to do with their zeal than concern for the client. Put the money into a CD, pay for your own repairs and at the end of the term see how much is left.
    [Back to top]
  5. Buying a used car on a weekend, when I cannot have it checked, is there a way to protect myself?

    I would never advise buying a vehicle without a thorough check. The price difference between new and used is substantial. Someone is taking quite a loss to sell this vehicle. There can be many reasons for that and you need to be sure it is not because of a problem.

    If you inform the seller you are truly interested and offer a deposit, most will hold the vehicle. On the deposit you should write, “Subject to inspection by my mechanic.” This will normally protect you incase of a major problem being found. Remember though, a deposit is a commitment, and you are not allowed to just change your mind.
    [Back to top]
  6. Can changing tire size void the warranty on my new car?

    Terms vary between manufacturers but technically any modification to the vehicle could cause the warranty to be void. This is more likely if a problem develops related to the wheels or tires. I may also be subject to how drastically the size was changed from the stock recommendation. A warranty is basically a contract. If the terms of the contract are changed by either party, the agreement may no longer be valid.
    [Back to top]
  7. Can odometer rollback be traced?

    With digital odometers and the right equipment, rollback can be almost un-traceable. This is another reason that service records are important. A thorough set of service records, showing mileage and date of service, substantiates the mileage on the vehicle. Many states, including Louisiana, record mileage during State inspections. This information, with a bit of math can narrow the possibility of rollback substantially.
    [Back to top]
  8. Does a manual shift transmission get better fuel mileage than an automatic transmission?

    I think it is possible that a professional driver could get very slightly better mileage with a manual shift. For the vast majority of drivers the performance of a modern automatic transmission would be almost impossible to beat.
    [Back to top]
  9. How can I calculate how much money I will save by going to a higher mileage vehicle?

    To calculate fuel cost savings between two vehicles, use the AGCO Miles Per Gallon Savings Calculator. If you would also like to consider other factors of vehicle cost, when making a buying decision, the AGCO Vehicle Cost Calculator compares new vehicle cost to that of a used vehicle.
    [Back to top]
  10. How can I check my credit history before trying to finance a vehicle.

    The Federal Fair Credit Reporting Act requires the major credit agencies to supply a free credit report to consumers once a year, upon request. This information can be accessed on line at

    http://www.annualcreditreport.com/

    or by writing to
    Annual Credit Report Request Service
    PO Box 105283
    Atlanta, GA 30348-5283

    It is also reported that there are several sites on the internet that advertise free credit reports and may not be legitimate. Never provide sensitive credit information without being certain with whom you are dealing.
    [Back to top]
  11. I agree with your stated position, new vehicles are terrible investments. Other than that is there a time when you would recommend a new vehicle over a pre-owned vehicle?

    In my opinion the reason to buy a new vehicle is emotional. If a person just wants a new vehicle, and finances are not a problem. Life is too short not to have the things we want and can afford. Other than that, if a specific vehicle is needed and not available otherwise. The point is, a new vehicle is not something that is going to save a person money. If too much is being spent on a present vehicle a newer vehicle may be in order.
    [Back to top]
  12. I am buying a new vehicle and trading in my old one. Is there a way to know if I am receiving a fair trade value?

    Yes there is, simply go to the Links section of our web site and click on the “What is my used car worth (Edmonds)” link. Enter your vehicle make, model milage and condition and it will give the value adjusted for your local area.

    Retail value is the most the vehicle will bring on a dealer’s lot, third party is what you might expect to sell the vehicle for yourself. Trade-in is the value you might expect to receive on a trade.
    [Back to top]
  13. I am buying a new vehicle I have been told by the salesperson I must have an extended warranty in order for the bank to finance the vehicle. Is this so or a scam?

    No legitimate financial institution would make such a demand. More likely the sales commission from the Extended warranties is the primary concern. I would contact the insurance commissioner in your State and report this. The dealership may be in violation of the law.
    [Back to top]
  14. I am looking for a used vehicle and plan to have it thoroughly checked before buying. Are there any quick checks I can do to narrow my search?

    First, would be determining what type vehicle best serves your needs. There are a multitude of vehicles on the market and selecting one is a daunting task. Closely examine your needs, determine the vehicle(s) that best match them and concentrate on those. For instance, an SUV may be fine, but will not meet your needs for a high mileage vehicle.

    When you have settled on a particular vehicle that meets your needs, you need only find the best example of that vehicle. This is normally the vehicle that is least likely to have problems. Look it over carefully for signs of previous abuse. Mis-matched paint, body lines that do not line up and scratches in the paint may indicate the vehicle has been wrecked and repaired. See our Detailed Topic Spotting Wrecked Vehicles for more information.

    I always take notice of the brand of tires, battery and oil filter that are on the vehicle. I like a vehicle who’s tires and battery are premium products and the oil filter is the same brand as the vehicle manufacturer. To me these items indicate the vehicle has been well maintained by someone that understands value. This is a vehicle I would consider having professionally assessed and buying.
    [Back to top]
  15. I am looking for a used vehicle and see the word “Certified” on many. These are normally more expensive than comparable vehicles. Is the certified vehicle worth more or is this merely marketing?

    The word “Certified” has no specific meaning and no value in my opinion. Many times the vehicle has had some type of inspection and often has an extended warranty added to the price. It should be considered exactly the same as any other used vehicle. That is it should represent value and you should have it inspected by a third party before purchase.

    I feel extended warranties are of no value and I would never pay additional to have one. The best “warranty” is a thorough inspection by a trained professional in order to buy a vehicle that does not have problems.
    [Back to top]
  16. I am thinking of buying a vehicle with a salvage title. Are there any special precautions I should take?

    A salvage title indicates that an insurance company has determined the vehicle was not feasible to repair, based on its value. Insurance companies are expert in this field. If such a vehicle could be bought, repaired and sold at a profit, I would question the quality of the repair. At a minimum I would have the vehicle inspected thoroughly by an expert in the field. Keep in mind also, a lower purchase price can be quickly offset by the lack of resale value.

    See our Detailed Topic Spotting Wrecked Vehicles for more information.
    [Back to top]
  17. I bought a car and did not get a title, because it could not be found.

    Without a signed titled, that if free of liens and a bill of sale you will not be able to register the vehicle. Basically this means you do not own the vehicle and can be in violation of several laws by operating it. You should contact the owner immediately and have them file with the State for a missing title. The vehicle should not be operated until the title is obtained and it is registered. Your State department of motor vehicles can provide you a list of documents that will be necessary. If the title cannot be produced, the seller has no right to sell the vehicle. Return the car and ask for your money back. If the seller refuses an attorney might be able to assist you in getting your money back.
    [Back to top]
  18. I have a nine-year old vehicle, worth about $2500.00. The intake manifold is leaking badly and it needs other repairs amounting to about $2000.00. I like the vehicle other than that, would I be foolish to spend that much money on an old car?

    I think the answer depends on your plans and the overall condition of the vehicle. If you like the vehicle I suggest having a full general inspection performed. This will let you know if there are other major problems pending.

    If the vehicle is in otherwise good condition, this repair should allow you to get another year or two of service. At the end of that time, you could sell it and still get your money back. In its present condition, the vehicle is worth next to nothing. Buying a replacement will likely cost several times the amount of the repair. From that perspective repair may make sense.
    [Back to top]
  19. I have always driven American vehicles but I am considering a used Japanese import. I notice the oil pressure seems very low at an idle, compared to my other cars. Should I avoid this car?

    It is always wise to have a professional check the vehicle before purchase. As a general rule, Japanese vehicles tend to run lower oil pressure than the American vehicles, particularly at idle. Some specify as little as ten pounds of pressure per 1000 RPM. This is lower than most American vehicles, but adequate to lubricate the engines designed to run this pressure.
    [Back to top]
  20. I intend to buy a used car and have a Car Fax report, do I still need to have it inspected?

    Yes! Such reports are fine but can be very limited. The information comes from insurance company and auto manufacturer warranty data. Not included are damage that is not repaired and damage that was not covered by insurance.

    For instance a vehicle could be flooded and then put up for sale, with no insurance claim. This would not be reported, but should be found in a pre-purchase inspection. A few other thing that would not show up include, a vehicle that has been severely overheated and not repaired. A vehicle on which the maintenance has been neglected. A vehicle that was wrecked and repaired in a backyard shop and so on.
    [Back to top]
  21. I just bought my first new car and wonder what is the best break-in procedure to follow?

    Most new vehicles require little in the way of special break-in procedure. For the first 2,000 to 4,000 miles avoid rapid acceleration and hard braking. This allows the engine to “run in” properly and allows the brake pads to seat to the rotors. Also avoid driving at a set speed for a long period. It is better to vary your driving speed during break-in. For instance instead of setting the cruise control on 70 MPH, try driving 60 for a while, then 65 and then 70. Repeat the cycle about every 15-20 minutes.

    I also feel the initial oil changes should occur very quickly. For more information, see When should I do my first oil change,
    [Back to top]
  22. I like to save money and am considering a hybrid to cut my fuel cost.

    If lowering cost is the objective, a hybrid is a very poor choice in my opinion. The design of hybrids is extremely complex with a great deal of very expensive components. For instance, a replacement battery can be over $6000.00. The hybrid motor may be $12,000 or more to replace.

    More to the point are the cost savings. Even at $4.00 per gallon, driving 12,000 miles per year, going from 30 mpg (conventional high efficiency vehicle) to 35 mph (hybrid) would save only $229.00 per year. That equals less than $1150.00 saving in five years not counting additional repair cost.

    For even more information on hybrid vehicles, see our Detailed Topics article, Hybrid Hype.

    A more detailed article on increasing fuel mileage is in our Detailed Auto Topics section under Saving Gasoline, Saving Money.
    [Back to top]
  23. I once sold a vehicle and the buyer did not transfer the title. Later I was contacted by the State because the vehicle did not show current insurance coverage and it took quite a bit to straighten out. How can this be prevented?

    This can be a serious issue, especially if the vehicle becomes involved in an accident. Best is to remove the license plate before transferring the vehicle. Surrender the plate to the Department of Motor Vehicles in your State, along with a copy of the bill of sale. Forward another copy of the bill of sale to your insurance company and retain a notarized copy in your personal records.
    [Back to top]
  24. I purchased a used vehicle recently and the owner told me it was in very good condition. I did not have it inspected until after the purchase and have learned it needs over $2000.00 in maintenance and repair.

    The Louisiana Redhibition law sometimes covers such things. Go to Links and click of that section for more details. A lot depends on the nature of the repairs to be done and if you paid close to retail price for the vehicle.

    Maintenance items, though they can be quite pricey are normally not considered a defect in the vehicle. An exception might be if you were told they were all up to date, and they were not. Also when a vehicle is purchased at a discounted price [far below retail] much more responsibility is shifted to the buyer, caveat emptor.

    Haste is quite important, as the more time that elapses, the weaker the case becomes. Perhaps a phone call to the seller, followed by a letter is in order. If he fails to respond you can pursue the matter through the courts, with or without an attorney.
    [Back to top]
  25. I really like a vehicle I am looking at, but it has a Car Fax report of a serious collision. Should I avoid this vehicle?

    I would advise a pre-purchase inspection of the vehicle, by a professional. Insurance companies often rate severity, on the amount spent, relative to the value of the vehicle. In reality, seriousness is a factor of how well the vehicle is repaired.

    For instance, a vehicle could sustain a good deal of bolted-on part damage. All parts could be replaced and the repair might rate as serious because of the cost. However, such a vehicle might be as good as new.

    Another vehicle could sustain structural damage with few parts needing replacement. The cost of repair may be far less, but the outcome could also be far less promising. A professional can measure the vehicle and inspect the repairs and give far better information.
    [Back to top]
  26. I recently purchased a used vehicle and have since discovered it had been seriously wrecked and repaired improperly. I have had several problems relating to this. The seller wrote “As Is” on the bill of sale, is there anything I can do?

    This sort of thing happens more often than you might imagine, and is a great reason to have us check any vehicle before you purchase it. This sounds like it may fall under the Louisiana redhibition law. This law, with some exceptions, states that a product has an implied warranty. This warranty includes that it is fit for the purpose for which it was sold. A vehicle with collision damage and resulting problems may well fall under the definition of not being fit for the purpose sold.

    An attorney is not necessary to file under the law, however a consultation may be a wise investment. Many times the sale can be rescinded or the sales price reduced. It is important to act quickly as the case becomes weaker as time passes.

    Check our Links section for a link on the Louisiana Redhibition Law.
    [Back to top]
  27. I suspect the vehicle I purchased might have been wrecked?

    A well repaired vehicle might only be spotted by a professional, but it is not likely to be a big problem. Spotting poorly repaired vehicles is a lot simpler. Please read our Detailed Topic article Spotting Wrecked Vehicles for a photographic guide. If you are still in doubt a professional inspection might be a good idea.
    [Back to top]
  28. I would like to buy an American vehicle, any suggestions?

    Best is to forget the name and do some research. Most of what people have come to accept as domestic cars are not. Many imported names actually represent domestic built vehicles. For instance, according to the American Automobile Labeling Act (AALA) a US built vehicle would naturally be built in the US and contain 75% or greater US content. A Toyota Camry could be built in Georgetown Kentucky and qualify. A Ford Focus could be built in Canada and contain around 67% US content.

    Vehicles sold in the US are labeled as to US content and country of origin. This information should be on the vehicle or available from the selling dealership, though may not be prominently displayed.

    For much more information on US built and imported vehicles see our Detailed Topic section.
    [Back to top]
  29. Is it better to buy a used vehicle from a new car dealer, a used car lot or an individual?

    Each has good and bad points. First remember that new vehicle dealers buy used vehicles from auctions the same as used car dealers. They can have all the same problems that any used vehicle can have and should be checked just as closely before purchase.

    New vehicle dealers generally will command a higher price for their vehicles than used dealers or individuals. The advantage is they are normally large enough that if there is a problem, a legal remedy is effective. For instance, should a vehicle be found to have a major problem, a judgement in your favor is only as good as the ability of the seller to honor it.

    There are several large independent used vehicle dealers. These can offer more security than some small dealers and still have lower prices than dealership lots. The time in business and reputation of the lot should also be considered.

    When buying from an individual, you have the advantage of speaking directly to the owner of the vehicle. Eye contact, body language, etc. can give you a good “feel” for the person. Always ask open ended questions like, “Why are you selling the vehicle?” The price from an individual will usually be the lowest. If there is a problem, his ability to refund your money is your only assurance you may have.

    In all cases never buy a vehicle without having it checked by a professional that you trust.
    [Back to top]
  30. Is it wise to trade a vehicle after one year?

    All vehicles suffer depreciation. This is the difference in value between new and used. The amounts vary somewhat from one vehicle to another, but all vehicles loose their maximum value in the first year. This can average around 28 to 30%. This combined with the sales tax and other fee paid adds to a substantial loss and an extremely high cost per month.

    The effect of these losses taper off in time, because they are averaged over a broader time frame. Our Vehicle Cost Calculator may help demonstrate this more clearly. As a general rule, it is far wiser to buy a three-year old vehicle and keep it for about ten years.
    [Back to top]
  31. Is there a better time of year to sell a used vehicle?

    Certain type vehicles may sell better at different times. For instance four-wheel drive vehicles may be easiest to sell just before hunting season. Inexpensive small vehicles tend to sell best before schools go into session and at tax refund time. Convertibles and sports cars sell best in the Spring. Overall, clean vehicles in good condition sell almost anytime of the year.

    When selling a vehicle, I find it best to be totally honest with the buyer. I advise having the vehicle checked by a qualified mechanic before placing it for sales. This avoids unpleasant surprises and offers a bit of protection against future claims. Disclose any problems that exist, in detail and list them on the bill of sale.
    [Back to top]
  32. Is there a check-list (checklist) I can use when looking at used vehicles?

    You can download and print the AGCO Auto quick list, designed to help in inspecting used vehicles, by clicking this icon.


    [Back to top]
  33. Lease payments are less than payments when purchasing a new car. Can I save money with a lease?

    The payments are lower but you are not gaining equity in the vehicle. For instance, at the end of the lease term, you surrender the vehicle with nothing to show. With a purchase, you own the vehicle when the payments are finished. This can be a tremendous savings if the vehicle is well maintained. Most well maintained vehicles last 10 or more years with minimum problems. This is equivalent to driving with no vehicle payments for several years.

    Even greater savings can be had by purchasing a 3 year old vehicle rather than new. Because of depreciation, three year old vehicles can often be had for half or less than the price of new.

    If you would also like to consider other factors of vehicle cost, when making a buying decision, the AGCO Vehicle Cost Calculator compares new vehicle cost to that of a used vehicle.
    [Back to top]
  34. Looking at a used car, the owner will not let me test drive it because of liability if there were an accident. What can be done?

    Laws vary from State to State, but his concern is legitimate. Having the owner drive while you ride and observe may determine if the vehicle is worth pursuing. If so, have the owner bring the vehicle to a shop that you trust and that performs pre-purchase inspections. Legitimate shops carry insurance that protects the owner in case of an accident.
    [Back to top]
  35. Looking for a used Japanese vehicle, is there anything particular to watch out for?

    As with any vehicle the type of service and maintenance [or lack of] the vehicle has received will largely determine it’s future. The easiest way to verify this is with a thorough inspection by a professional trained in this type of work.

    Another thing to consider is many Japanese vehicles use timing belts that normally need replacement between 60,000 and 105,000 miles. If this has not been done, it is wise to factor the expense into the price paid for the vehicle. Done properly, this can be an expensive repair, sometimes costing over $1000.00 on certain models. A proper inspection will give you this type information.

    In recent years, the move has been away from timing belts and toward timing chains, particularly on Toyota and Honda. Timing chains can last much longer than belts and can help lower maintenance cost. This may help justify the extra cost of a later model vehicle.
    [Back to top]
  36. My car has been on the market for several weeks. A few people have looked at it but nobody seems to want to buy. Are there any tricks to selling a car?

    I would not call them tricks but certain things can increase your odds. First the vehicle must be reasonably priced for the mileage, age and condition. Checking our Links Section, follow the link to How Much Is My Car Worth. Price the vehicle at or near the private seller amount and be honest about the condition.

    Selling a vehicle is similar to selling a house, or anything else. Curb appeal is important. The vehicle should be clean, inside and out. Professional detailing is often a good investment. Be certain to remove all personal items before showing the vehicle. Also make sure the vehicle is running well and everything works. Copies of the service history will also add value.

    I also find listing the price with the vehicle will save a good deal of time. If you are willing to negotiate, state that as well. Listen to the potential buyers carefully. If you listen, they will normally let you know why they are not willing to buy. If possible, offer to remedy whatever concerns them and see if they will buy. Finally, politely ask for the sale. People often respond when the salesperson lets them know they really want to sell the vehicle.
    [Back to top]
  37. My car has overheated and I am told the head gasket is now leaking and the price of repair well over a thousand dollars. Should I consider repair or buy another vehicle?

    There are at least three major considerations, in my opinion.

    1.) Does the vehicle meets your needs?
    2.) Do you like the vehicle?
    3.) After this repair is the vehicle likely to be in good condition?

    If the answer to any of these questions is NO, it may be time to look at another vehicle.

    Economically speaking, if the vehicle serves your needs and after the repair you can expect several more miles of service, repair is likely your best option. The sales tax on a new vehicle can easily exceed the amount of this repair. Even a used vehicle will normally cost several times the cost of this repair.

    Our Buy or Keep Calculator is designed to help you make just such a decision.
    [Back to top]
  38. My Father and I are looking for an old vehicle to restore. Any pointers?

    Having restored several old vehicles, I have learned a few lessons. Buy a vehicle, of the type you want that is in the best condition you can find. Every dollar spent buying a nice vehicle is likely worth ten dollars trying to repair one in poor condition. This may also have the added benefit of a vehicle that is immediately able to be driven. It is a lot easier to keep your enthusiasm for a vehicle you can drive than one that is in pieces. Vehicles that were popular, such as a 1955 Chevrolet, 1965 Mustang or a 1969 Camaro will be much easier to find parts for. Lastly, mechanical repairs are normally less expensive and more easily accomplished than body repair.
    [Back to top]
  39. My present vehicle runs well but only averages about 20 mpg. Some new vehicles get about 30 mpg. How can I tell how much I will save?

    There are several online calculators on the AGCO website that will help you calculate such cost. Using the miles per calculator, if you drive the average 12,000 miles per year and fuel cost $2.25 per gallon, your savings would be $450.00 per year.
    [Back to top]
  40. My vehicle is about 8,000 miles out of the manufacturer’s warranty and I have a transmission going out. The dealership says there is nothing they will do, what is my recourse?

    A warranty is basically a contract with a specific term agreed to by both parties. When the term expires the contract has been honored. In some instances, the manufacturer may be willing to help. Contact the Zone Manager, listed in your owners manual. There is also the possibility of a legal suite, an attorney could advise best on that possibility.

    For future reference, the AGCO End of Warranty Inspection can often spot things like this and can be a great investment.
    [Back to top]
  41. Recently I bought a forty-year old car that has been sitting idle for twenty-five years. The car is in excellent condition and I would like to restore it.

    If you have the knowledge, time, tools, a place to do the work yourself and you enjoy doing it, vehicle restoration can be an enjoyable hobby. If you have to pay to have it done or do not enjoy the work, it can be quite a chore. A vehicle of that age, that has been sitting idle for that long, is likely to have a multitude of issues. When vehicles sit idle, dry rot, corrosion and age combine. Bearings start to pit, seals get hard and start to leak, hoses dry rot and metal components corrode.

    A good starting point would be to get it running. I would drop the fuel tank and dispose of any fuel. Check to make sure the tank and pump is not rusted. If they are they need to be replaced. If not add fresh fuel, a new battery, change the oil and see what happens. If it runs, I would next replace all fluids, including coolant, transmission fluid, brake fluid, power steering fluid and so on. The tires will also need to be replaced and the brakes and suspension should be thoroughly checked.

    Very likely when the vehicle starts to be used, other problems may show up. Air conditioners are prone to leaks and the transmission and differential may need to be addressed. It is not that it cannot be done, but it would be best to prepare for a long and expensive project.
    [Back to top]
  42. Should a person ever consider buying a vehicle with 100,000 or more miles on it?

    High mileage vehicles can offer a substantial cost savings. Mileage is best considered in reference to the age and service reputation of the vehicle. For instance, a two year old Toyota with 100,000 miles would not scare me at all. The high mileage is almost certainly the result of long trips, which is excellent for the vehicle. A twelve year old vehicle with 100,000 miles is a totally different matter. The combination of years and miles would likely put this vehicle much closer to the end of its service life.

    Service reputation is the average life (without major repair) of a given make and model. Certain makes simply do not hold up as well as others. This is where a good relationship with a service shop is invaluable. A professional technician can advise you on the average service life of different vehicles you are considering.
    [Back to top]
  43. Should I consider a hybrid vehicle?

    The fuel cost savings on hybrids appear to be greatly exaggerated. The saving in fuel cost is very unlikely to offset the additional price asked. Combined with potentially extremely expensive repair cost, I feel hybrids are a very unwise investment.

    For even more information on hybrid vehicles, see our Detailed Topics article, Hybrid Hype.
    [Back to top]
  44. Should I consider an extended warranty when buying a vehicle?

    Extended warranties are notoriously bad investments, in my opinion. They are also one of the top profit centers in some dealerships. The salesperson and the dealership normally receive a hefty commission for selling these policies. Far better and much less expensive is a sound maintenance program. Maintenance prevents problems, rather than paying a large fee in advance to cover them. Here’s an article with much more detail.
    [Back to top]
  45. Should I have all problems with my vehicle repaired before placing it for sale?

    This depends on the level of vehicle being sold. On late model and expensive vehicles, buyers tend to expect everything to be in first class shape. A needed repair can be a major deal-breaker on such a vehicle. On older, inexpensive vehicles this is less of a factor. Sometimes a buyer would prefer a better price to everything working perfectly. A low price may be more important than air conditioning.

    At least, all safety items must be in good repair and the vehicle should be as clean as possible. Remove all personal items, clean the interior and exterior. I also find honesty is the best policy. I advise having the vehicle checked by a qualified mechanic before listing it for sale. Fully disclose, in detail, any problems you know of and repair needed. This can help prevent unpleasant surprises and possible future legal action.
    [Back to top]
  46. There are a few minor problems with my vehicle. Should I fix them before trying to sell?

    A lot depends on the age and price of the vehicle. The newer and more expensive the vehicle, the more people will expect everything in working order. On older, inexpensive vehicles a buyer may be willing to accept minor problems. A vehicle with everything working does not always bring a top price, but it is always easier to sell.

    Another approach is to fully disclose the problems and discount the vehicle by the amount of the repair needed. This can work as long as the problems do not affect the safety of the vehicle. Most States have laws requiring the vehicle to be in a safe operable condition. Before listing the vehicle, have an inspection by a professional automotive technician. This can protect you as well as the buyer and may add value to the vehicle as well.
    [Back to top]
  47. What is considered an antique or classic car?

    The word antique is very subjective. A generally accepted definition is something reminiscent of an earlier period and valued for its age. Clearly this is very non-specific. Under Louisiana law a vehicle twenty-five years old and in original condition is eligible for an antique vehicle license plate.

    The term classic may be even more subjective. Generally a classic is a vehicle design that routinely might command a price above what would otherwise be considered normal given the age and condition of the vehicle.
    [Back to top]
  48. When buying a used vehicle is it better to look for an older low mileage or a newer vehicle with higher miles?

    In my opinion, other things being equal, years are harder on a vehicle than miles. For example, I would rather have a two year old vehicle with 50,000 miles than a six year old vehicle with 20,000.

    Vehicles are designed to be driven and higher miles often indicates the vehicle was operated on the highway as opposed to in town. Highway miles are normally much easier on a vehicle than stop and go driving in town.

    Other quick checks include looking at the type of tires on the vehicle and the type of oil filter and battery. In my experience a vehicle with low grade tires, oil filter and battery has normally not been well maintained. In any case never consider buying a vehicle with out having it checked by a profession, that you know you can trust. AGCO has a very thorough pre-purchase inspection service.
    [Back to top]
  49. When is it time to consider buying another vehicle?

    As long as you like the vehicle and it meets your needs, I think cost is the determining factor. Cost normally depends on the past maintenance the vehicle has received. On my vehicles, I track monthly repair cost. When repair cost average exceeds $200.00 per month, I feel it is time to change. For instance I may go three months with no repair and then spend $450.00. Since this averages $150 per month I feel okay.

    When faced with a large repair I have to consider the time it will last. For instance, if I need to spend $2000.00. Can I reasonably assume that if I spend this, I can drive ten months with no repair cost. If the answer is yes, it’s a fair investment. If the answer is no, I feel it is time to change.

    Our Buy or Keep Calculator may help you make just such a decision.
    [Back to top]
  50. Which new car is the best from an investment standpoint?

    No new vehicle is good, from an investment position. Most loose fifty to sixty-five percent of their value in the first three years. Some are less bad than others, depending on several factors. The major sellers, Toyota and Honda for instance are that for a reason. A lot of people like them and continue to buy them. Vehicles that are not popular in a given area are usually more trouble than they are worth. For instance, Subaru is fairly popular in the Northeast and West. In the South, there are few sources of parts or service. This can make them very problematic in the case of an unexpected breakdown.

    Companies that are financially weak or are divisions of companies that are financially in trouble can be a real problem. Should the company fail, warranties may end, parts will be far more problematic and resale value may evaporate?
    [Back to top]
  51. While under warranty, is it best to have my maintenance performed by the dealership?

    I believe the opposite. A dealership may be less likely to inform you of things that can be addressed by warranty, in my opinion. Having a good independent shop keeping an eye on things may be in your best interest. An independent shop can assist you in obtaining warranty work, by documenting problems. Your warranty is also preserved, when an independent shop performs your maintenance.

    See our Detailed Topic article Maintaining New Vehicles for more details.
    [Back to top]
Jump to:
View all categories
Printable view