Here are two apps that make buying a used car less painful

Here are two apps that make buying a used car less painful
In the market for a used car? The process is usually far from being a smooth one with unscrupulous salesmen and jacked up prices. And we haven't even touched on the actual used cars with engine problems covered up by twine and spit. But two apps are available for your Apple iPhone that just might make buying a used car a little less painful, but only in the U.S. The apps allow you to scan a car's unique Vehicle Identification Number (VIN number) and get back the wholesale or auction value of the vehicle. This is important because a report by Ken Research shows that the average markup on a used car is 14% compared with the 2% for a new car.

According to the creator of the Vinny app for the Apple iPhone, Alexander Kiss, "Dealers really prey on consumers." The app shows an estimated wholesale price for a car based on previous transactions, and the condition, mileage and age of the car. Having this information in hand can help you save money when negotiating with a used car dealer. Kiss says, "For example, if a dealer has a $10,000 sticker price on the car, we can show you that the wholesale price on that car is $8,000 and that there's some negotiating room." In addition, the free app also includes prices from the Kelly Blue Book and other sources including similar cars sold on eBay.

Another app, Snafu Scan, also provides the wholesale price of used cars, accurate to $100-$300. Unlike the Vinny app, this app will require you to lay out some money with a $9.99 30-day subscription. Besides wholesale prices, Snafu Scan will enlighten you on tricks that dealers use to cover faulty air conditioners or head gaskets. Unlike Vinny, Snafu Scan is also available from the Google Play Store.


source: Vinny, SnafuScan via Reuters

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4 Comments

1. Nathan_ingx

Posts: 4769; Member since: Mar 07, 2012

Boy! What the world has gotten into. Next thing you know, an app is going to decide which food is good for you, which day you shouldn't walk out of your home or which type of girl a man should be seeing. Humans are getting ridiculously app dependent.

2. Landline

Posts: 6; Member since: Sep 02, 2012

those are all decisions, this doesnt make decisions for you, it just supports you with the facts you would want before making such a large purchase. if fact dependency is something you try to personally avoid, that's totally cool.

3. FerneyZan

Posts: 114; Member since: Jul 21, 2010

I have seen plenty of apps that this already and more.. In fact, apps like KBB it self is enough to give you a good idea about what you are purchasing..

4. 14545

Posts: 1835; Member since: Nov 22, 2011

A, prey insinuates that the consumer has helpless to getting taken advantage of when buying a used car. B, articles like this are what get you referred to as "iphonearena". C, If consumers are not smart enough to go and look at what kbb says before rushing out and signing on the dotted line, then they deserve to get duped for 14%. You can't fix stupid people.

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