Tips on buying high mileage car or van.

Question: Hi there, I have a different sort of question for you, if you don’t mind. Our family just went from one child to five/six.

We are looking to buy a used van, but don’t have much money, so most in our price range have higher miles. So my question is, how many miles can you expect to get out of the average full size van before seeing problems like the tranny dying or motor giving up etc?

There is a ford e-150 regency conversion van that is beautiful, huge, and in our price range, but it has 112,500 miles. If we spend all our savings on an old van, and it tears up, then I’m really in trouble. I need something to last a few years w/ no major issues, and we drive a lot.

Thanks for your time,


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Posted: 25th May 2010  |  Author: Kevin Schappell  |  Category: Buying A Car

Cash For Clunkers Ending?

Seems like the cash for clunkers program may be ending earlier than many had thought. Many dealers have been having problems getting paid, and there have been stories of people not qualifying after being told they qualified due to changes in EPA mileage ratings. I guess it only stands to reason that a program which takes over 100+ pages to explain would run into a few issues .


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Posted: 30th July 2009  |  Author: Kevin Schappell  |  Category: Automotive News, Buying A Car

How to Determine New Car Price

How to determine a New Car Price.

When I am shopping for a new car, I use the following formula to determine the price I will pay
for a new car. It’s a formula that I have used many times in the past few years and almost always results in the best deal.

Invoice Price
- Rebates

True Dealer Cost

True Dealer Cost
x 1.04
Your Rock Bottom Price

this page, it contains valuable links you will need
in your car buying journey.

Step 2:
Research invoice price at Invoice Dealers Make sure you add the invoice costs of all options you are
looking for to get true invoice

Step 3:
Search for dealer to customer rebates, and manufacturer to dealer rebates. Add these two numbers together to get your total rebate. Most cars will not have a manufacturer to dealer rebate, so don’t worry if you don’t find one.

Subtract the total rebate found in step 3 from the invoice price calculated in step 2 and you have true dealer cost.

Multiply the true dealer cost by 1.04 to get your bottom line price. This is 4% profit for the dealer, and is more than fair.

Step 6: Get a new car price quote and start negotiating with the dealer on your terms. I have had dealers offer me less than my bottom line, so when you fill out the Form, don’t let them know what you are willing to pay ! This quote is not binding, and you will not get spammed. I have included a link below to start your price quote. If you are comparing vehicles, make sure you submit multiple quotes !

E-mail me if you have any questions.

Posted: 9th July 2006  |  Author: Kevin Schappell  |  Category: Buying A Car

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