1. 1 Buying a Used Car over the Internet Presented to the Seoul Computer Club By Marc Miller September 11, 2004

2. 2 Only a Fool Would Buy a Used Car over the Internet!! Why shop online for a used car? How to shop for a used car online. I found an interesting car, now what? Doing the Deal Some tips

3. 3 Why Shop Online for a Used Car? Wider Selection –Exact year, model, color and equipment –Condition –Price Convenience –Shopping from a distance –Shopping locally Because that’s where the cars are.

4. 4 How to Shop for a Used Car Online Online Auctions –eBayAuctionAutowideeBayAuctionAutowide Online Classified Ads –AutotraderCarsdotcomBobaeDreamAutotraderCarsdotcomBobaeDream Enthusiasts’ Sites with For Sale ads –MR2COMXCARSMR2OCMR2COMXCARSMR2OC Enthusiasts’ Mailing Lists and Forums

5. 5 I found an interesting car. Now what? Getting more info –Contact the seller (email, phone) –Service history, receipts –VIN and Title status (clear, salvage, rebuilt) –Carfax (DMV history)Carfax Kicking the tires –Inspection servicesservices Getting a shipping quote –MovecarsShipcarMovecarsShipcar

6. 6 Doing the Deal Buyer Beware! –(would you buy a used car from this seller?) Auction or Direct Purchase? Payment terms (Partial/Down payment?) 3 rd Party Escrow service (or hire a lawyer) 3 rd Party Escrow service Payment methods –Bank wire transferpaypal & credit cardpaypal Shipping, insurance and misc. costs Title Transfer and Bill of Sale

7. 7 Some tips Be patient! Be an informed buyer! Don’t believe your eyes! If it sounds too good to be true… “As is” and “Where is” mean just that. Private owners vs. dealers. Know your seller! Avoid the rustbelt!