Booming auto sales spawn something new for China: a market in secondhand cars


#secondhand cars
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Booming auto sales spawn something new for China: a market in secondhand cars

GUANGZHOU, China As car enthusiasts converge on the annual Guangzhou auto show, few have anything except a shiny new set of wheels in mind. But explosive growth that transformed China into the world’s largest auto market is also giving life to a new industry here: used cars.

Chinese started buying new cars in huge numbers about four years ago, about the average length of time analysts say drivers will stick with a vehicle before trading it in for a fresh model.

The secondhand market is already taking off, with sales growth last year outpacing that for new vehicles. By volume it is still dwarfed by new cars, which outsold used vehicles three to one. In countries such as the U.S. that ratio is reversed, highlighting the secondhand market’s vast potential to make car ownership affordable for millions more Chinese.

The challenge in China is to develop a modern market for secondhand autos. The business is dominated by thousands of small trading companies that operate out of big trading halls or open air markets on city outskirts. Vehicles are sold tax free and ownership can be transferred in a day but quality and fair pricing can be uncertain. By some estimates, four in five used car transactions take place at these markets.

For foreign automakers, the used car business in China is very different to anything that you would recognize in the Western world, said Marin Burela, president of Changan Ford, the U.S. company’s China joint venture.

Global automakers have been slow to add used car sales at dealerships but are now racing to expand into the business, which will diversify their revenue and help build brand loyalty.

Liu Yu-chen, a 28-year-old snack food entrepreneur, plans to buy his first second-hand car after owning a series of new vehicles, the latest a Toyota Prado SUV bought in August.

After conducting a good inspection, you just need to figure out whether the car appears to have been in any accidents, said Liu as he browsed vehicles at Guangzhou’s Guangjun Used Car Market, which houses dozens of small auto trading companies.

He is budgeting up to 1 million renminbi ($164,000) for a used Land Rover and doesn’t consider the price tag high. Luxury autos tend to be more expensive in China because of taxes and foreign automakers pushing the limits of what they can charge.

What I want to buy is a well maintained car, no damage. Scratches don’t matter. If there’s no big problem with the bumpers, no weird sound from the engine, then I’ll consider it, said Liu, who flew from his home in the central city of Xian to car shop in the southern economic boomtown because he thought they would be cheaper.

Last year in China, used car sales rose 11 percent to 4.8 million vehicles, while new car sales rose 7 percent to 15.5 million. Ford’s Burela, speaking at the Guangzhou auto show which runs until Saturday, said the industry expects used car sales of 6 million this year, about 10 million in 2016 and 20 million by 2020, putting it on par with new vehicle sales.

About half of Ford’s 500 dealerships have been approved to sell certified used cars that come with warranties. The company has also opened six showrooms this year selling only secondhand vehicles.

Dealers in China will need to focus on used auto sales to raise their profit margins as new car sales start to plateau. In the U.S. about 55 percent of a dealer’s revenue comes from new vehicle sales while 25-30 percent comes from second hand sales, and the rest from parts and servicing.

But in China, new car sales have accounted for 90 percent of revenue, said Ivo Naumann, Shanghai-based managing director of advisory firm AlixPartners.

Chinese brands, unpopular because of quality concerns, will likely fall further behind the dominant foreign brands including General Motors, Volkswagen, Toyota and Nissan as the secondhand market develops, Naumann said.

Some people who probably historically would have bought a new car because they were first time buyers, they’ll say: Well I only have $8,000, I could buy a Chinese brand, low quality, or I could buy this second hand car from Volkswagen. And then that can have an impact on the overall market, Naumann said.

Because China’s auto industry is still new, there are bottlenecks holding back growth of the secondhand trade. For one, there’s no system of easily transferrable temporary plates for dealers, constraining the number of cars they can have in stock.

Another problem is lack of accurate and consistent information about prices. Beijing-based Bitauto Holdings, which runs a car pricing and listing website, is teaming up with U.S. company Kelley Blue Book to launch a China price guide next year using data on 1 million transactions from their other partner, the China Automobile Dealers Association.

Some dealers have adopted the latest technology. Dongfeng Nissan, the Japanese company’s China joint venture, has its own system to assess trade-in values. Staff use iPads to carry out a step-by-step check. They can photograph scratches or other damage and upload it.

The system will automatically prompt an overall score on this car and a recommended resale price to staff, said deputy general manager Yasuhiro Konta.

Currently, most owners who want to sell a car will typically take it to between three and five traders to get an idea of price, usually an estimate by a senior employee based on their own judgment, said Bitauto’s chief financial officer Andy Zhang.

The whole experience is fairly insecure, Zhang said. It’s very important to have those benchmark prices out there.

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Follow Kelvin Chan at twitter.com/chanman


Black book car values


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Black Book. About

Additional Information

Since 1955 Black Book has been delivering quality products and services to multiple automotive industry segments.

Car People Sharing What We Know

The auto industry is evolving. How vehicles are bought, sold and financed is also changing. One constant: the industry and its various markets continue to trust Black Book insight and its innovative delivery systems to make the right business decisions faster.

Since 1955, we ve been sharing what we know with other car people. It all began with three Georgia businessmen pooling their notes on local auto auctions. These sessions became a weekly publication made available to other dealers.

Today, Black Book is a division of the Hearst Business Media Corporation. Our line-up of innovative products and services includes new and used vehicle value services, custom data licensing solutions, as well as lender origination and risk analysis.

In recent history, the rapid pace of industry change can be evidenced at the dealership level, where information access has forever transformed the way car-shoppers approach the buying process. As online and mobile technologies have reshaped the overall dealership business model, Black Book has remained a step ahead offering pioneering tools that enhance the customer experience while simultaneously generating the highest quality lead generation solutions for dealerships nationwide.

A Formula for Success

The formula for our shared success is simple, but never duplicated:

Get under the industry s hood to understand the forces that shape it. Attend more auctions than anyone else in the industry. Use the latest technology to gather additional data from online auctions, electronic feeds, and an ever increasing number of relevant sources. Have the industry s best editors analyze and add value to the data through insight driven by experience. And quickly get that data into the hands of the people who use it in the format they need it.

Data Driving Innovation Drives Results

Lenders use Black Book data to identify risk within their existing portfolios and act on opportunity. Industry insiders and third-party vendors license our data to evaluate trends. OEMs rely on our data and insight to fully engage more customers. Their dealerships subscribe to our data services to evaluate pricing and book vehicles. And retail locations leverage Black Book s technology solutions to turn their websites, mobile sites and Facebook pages into the industry s best lead-generating solution.

Black Book continues to evolve with meaningful innovation. Our custom applications and cutting-edge mobile applications provide insight that saves time, builds portfolios and facilitates sales.

Your language is our language. Your success is our success. We re car people serving car people. We re Black Book.

Thanks for your visit. Please learn more about Black Book by visiting our News section. And please click here to Contact us should you need more information or want to speak with a member of our team.

Black Book is a registered trademark of Hearst Business Media Corporation.


Black Book


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Loans

Thanks to our competitive rates, you may be able to save a substantial amount over the life of your loan. In fact, you may want to consolidate your older loans and high-interest credit card debt into a lower-rate loan. You may reduce your monthly payments, improve your credit rating and save on interest.

Members

The MHFCU family is made up of Methodist Healthcare associates, affiliates, and their families. Methodist Healthcare Federal Credit Union is on a mission to serve our members with one goal in mind… “To always be responsive to our members’ financial needs by providing personal and innovative services of a superior quality.”

Services

At Methodist Healthcare Federal Credit Union, we offer convenient, round-the-clock services to our members. Learn about the many services MHFCU has to offer. You can even search for the nearest branch or ATM, or apply for a Credit Card, Gift Card, or Travel Money.

Resources

Need to look up the value of a vehicle, or catch up on MHFCU News? We’ve got all the resources you need, including information on MHFCU student loans and VISA credit cards. We even provide our members with free educational services like Accel and BudgetSmart.

Shares

Learn more about our Share (Savings) and totally free Share Draft (Checking) accounts here, and take a look at our Share Rates. MHFCU also offers special savings accounts like our Christmas Club, Vacation Club, Smart Start (Ages 0-9), Savvy Saver (Agest 10-13), and Centsible Savings Checking (Ages 14-18) accounts. You’ll also find information on MHFCU Share Certificates, IRAs, and Share Certificate Rates.

Focus Quick Links

New and Used Car Values from Black Book


Billings Auto Finder – Used Cars – Billings MT Dealer


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Billings Auto Finder – Billings MT, 59101

Welcome to Billings Used Cars Lot – Billings Auto Finder

Billings Auto Finder of Billings is a Billings Used Cars lot serving nearby cities including Billings area in MT. Billings Auto Finder Used Cars of Billings is proud to be your Billings Used Cars inventory dealer.

Visit us today and view our inventory of used cars for sale, used vehicles, usedcars, pre-owned cars! At Billings Auto Finder Used Cars of Billings, your Acton, MT Used Cars and Ballantine, MT Used Cars lot, we believe in the value of our Used Cars inventory. We’re dedicated to making sure your Used Cars shopping experience is both hassle-free and enjoyable. Our commitment to quality, our experience in the Used Cars industry, and the friendly way we do business is important to us; see the difference here at Billings Auto Finder of Billings, serving Billings drivers as well as Acton, MT Used Cars, Acton, MT Used Cars and Ballantine, MT Used Cars customers in the Billings area.

View our large selection of Billings Used Cars inventory in the Billings area like the used cars for sale, used vehicles, usedcars, pre-owned cars or view our extensive inventory of Used Cars inventory. If looking for Billings Used Cars, Used Cars, used cars for sale, used vehicles, usedcars, pre-owned cars in Billings and Billings then Billings Auto Finder of Billings is the dealer for you! Thanks again for stopping by your Billings Used Cars, Acton, MT Used Cars, Ballantine, MT Used Cars lot. Give us a call at (406) 671-3142.

Get a well-maintained, competitively-priced, Used Cars in Billings at Billings Auto Finder. While we are the premier location to buy a Used Cars, we also serve customers from Billings. Browse our Billings Used Cars inventory to view details about our low priced, high-quality Used Cars and used cars for sale, used vehicles, usedcars, pre-owned cars. Having problems locating a Used Cars in Billings? Complete our Used Cars Finder form and we will alert you when your dream vehicle arrives at our dealership.

Billings Auto Finder – Used Cars Billings, MT


Bill of Sale Form (Free – Printable)


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Bill of Sale Form

Summary: Bill of Sale Form

Continue reading this page to learn about your state’s bill of sale requirements and how to complete a bill of sale form, including details about title transfers when buying or selling a vehicle. You’ll also find out how to protect yourself in a vehicle sale with a vehicle history report.

Bill of Sale Forms

A bill of sale is an important part of any vehicle sale; however, it is not the only thing you’ll need to consider.

  • No sale is final until you complete a title transfer. Without this step finalized, the seller may be liable for fines and violations associated with the car.
  • As a buyer, BE SMART. Don’t get saddled with a lemon. Order a vehicle history report to know for certain you’re buying a gem.

Depending on the state you live in, your state’s motor vehicle department may require you to obtain a bill of sale (see list below) OR it may be optional. Regardless of it being required or not, a bill of sale can be an important part of any vehicle transaction for both the buyer and the seller.

States Requiring Approved Bill of Sale

Many states require a state-specific bill of sale form. In this case, you must fill out the bill of sale form offered by the motor vehicle agency in your state. The list below lists states that require and provide a specific type of bill of sale form when you buy or sell a vehicle:

Generic Bill of Sale Form (Free Printable)

If your state does not require or offer a bill of sale form, feel free to use our generic form, either to present to the state or to keep for your own records.

Who Needs a Bill of Sale?

Whether you are the seller or the buyer of the vehicle, you should never walk away from the transaction without a copy of the bill of sale. If you do not get a copy signed by both parties at the time of the sale, you leave yourself open to legal issues or other problems down the line.

Your bill of sale will generally include information about the transaction, including:

  • A description of the vehicle and its vehicle identification number (VIN).
  • Any warranty that may have been agreed upon.
  • The final sale price of the vehicle.
  • The name of the buyer and the seller.
  • The county and state in which the vehicle was sold.

NOTE . Certain states may have specific requirements of what exactly needs to appear on a bill of sale form. To find out what your state requires and to learn more about completing a bull of sale, please visit our Bill of Sale page.

Bill of Sale vs. Title Transfer

While a bill of sale is an essential part of the sale process, it generally does not prove ownership; only a title transfer proves ownership of a vehicle. In order to fully complete the sale, remember to transfer your title right away.

Vehicle History Report: Don’t Sign Without It!

As a buyer, you should NEVER go into a sale without educating yourself about your potential purchase. If you neglect to learn about a vehicle’s history prior to buying, you could get stuck with a lemon that will drain your money and time for years.

Vehicle history reports reveal information about a vehicle’s past, including details about:

  • Previous owners.
  • Previous states where it was registered.
  • Past accidents and damages.

Before you even consider signing a bill of sale. you must make sure your purchase will be a good one. To obtain details on a potential purchase, check out our page on vehicle history reports/VIN checks.


Bill of Sale Form – Free Template for Car, Boat, Motorcycle, etc.


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How it works

We guarantee our service is safe and secure.

Reviewed by Rocket Lawyer On Call Attorney Samantha Dammer, Esq

Use a Bill of Sale if:

Sample Bill of Sale

More than just a template, our step-by-step interview process makes it easy to create a Bill of Sale

Bill of Sale Basics

When you’re transferring goods to a buyer, a bill of sale form is the easiest way to make it legal. But just because a bill of sale is a fairly straightforward legal document doesn’t mean you shouldn’t know a few things before you start.

When you shouldn’t use a Bill of Sale

For real estate: If you’re planning on transferring real estate property, you can’t use a bill of sale form. Real estate transactions are simply much more complicated and require different forms, such as a quit claim deed, or forms available only from your state or local government. Consult with a real estate attorney or real estate agent if you’re looking to transfer this kind of property.

For services: A bill of sale should be used when transferring goods, not when performing services. If services are involved (such as woodworking, babysitting, business consulting, etc.), it’s a better idea to use a general contract for services.

For small sales: This is a matter of personal preference, but most people do not feel it necessary to use a bill of sale when transferring cheaper property. If you’re selling a used guitar, a bill of sale makes a lot of sense. If you’re selling a couple old fishing lures, it might be more trouble than it’s worth.

Specific types of Bills of Sale

For certain items or classes of property, you’ll need to use a specific bill of sale. That’s because those bills of sale will contain information required to make the sale legal. Here are a few of those types of bills of sale, all of which we provide.

Car bill of sale Used car sales between two parties are incredibly common, but you can’t use any bill of sale to transfer the ownership of a car. That’s because a car bill of sale has specific information you need to provide to actually purchase (or sell) an automobile. For example, to legally sell a car, you’ll need to let the buyer know the VIN number, the make and model of the car, the odometer reader, and whether or not that car is under any sort of warranty. Failure to provide that information can actually void the sale of the car.

A motorcycle bill of sale will contain nearly all that information as well. Omitting any of those details can likewise void the sale.

Boat bill of sale Like a car bill of sale, a boat bill of sale contains information about the make, model, year, price, and valid warranty of the watercraft in question. But unlike a car, a boat has what’s called a HIN (this stands for hull identification number.) Like a VIN, it’s unique to each boat and is used by government agencies in keeping track of the ownership chain.

Benefits of a Bill of Sale Form

A bill of sale helps the transfer of property go smoothly for both buyers and sellers.

Taxes: as a seller, you may need to report the sale amount as part of your tax documents or for business accounting purposes.

As-Is: indicating on a bill of sale that you have sold property “as is” protects you as a seller if the buyer encounters problems with the item after purchase. For example, if a person buys an automobile from you and it breaks down after he or she drives away, you are not responsible for the repairs or damages.

Transfer of Ownership: a bill of sale also documents when the item was transferred to a new owner, which can be critical in certain cases. For example, if someone buys a gun from you and the gun is then used to commit a crime, a signed bill of sale form may be used as supportive evidence that you were not the owner of the firearm at the time of the crime.

Proof of Ownership: as a buyer, a bill of sale provides proof of ownership, allowing others to verify your rights to property. Whether registering a motorcycle at the DMV or totaling the value of your assets for a bank loan, the document serves as required proof of ownership.

Date of Ownership: other benefits include documentation of the date that you became owner of an item, preventing disputes about when the property was transferred. The value of the property as agreed on by buyers and sellers is also included on a bill of sale form, limiting conflict over how much was paid or received and/or when payment(s) were made.

More Bill of Sale Information:

Want to learn more about Bill of Sale forms? We’ve got you covered.

If you have any questions about what’s right for you, we can connect you with a lawyer for quick answers or a document review.


Best-selling cars 2015


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Best-selling cars 2015

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A closer look at the UK s best-selling new cars in 2015 so far

New car sales have fallen for the first time in three and a half years, although 2015 is still likely to beat 2014’s record-breaking figures. It was only a slight drop in sales though, as the best-selling cars still present attractive ownership prospects to potential buyers.

Figures from the Society of Motor Manufacturers and Traders (SMMT) let us see exactly how many cars were sold each month, and which models are selling particularly well. We’ve used them to put together this list with the full sales figures for the top 10 models for this year-to-date.

Many are attributing the drop in new car sales to the VW emissions scandal – which has certainly improved awareness of how much pollution diesel cars put out compared to official figures.

You’ll notice a lot of similarities in the top models: most new cars sold aren’t sports cars, large SUVs  or luxury saloons. Those models are produced in much smaller numbers than the compact family hatchbacks. superminis and crossovers that make up the bulk of car sales in Britain these days.

Scroll down this page to see the top 10 best-selling cars of 2015 so far, with full sales figures and some details on each model.

The top 10 best-selling cars in 2015

1. Ford Fiesta – 116,631 registrations in 2015

The Ford Fiesta has been topping the UK sales charts for a long time now – and it’s easy t see why. Whether you go for the entry-level model or the hot Fiesta ST model, it’s great fun to drive. It’s good value too, and is a practical and handsome supermini that will appeal to all sorts of buyers.

2. Vauxhall Corsa – 77,896 registrations in 2015

The new Vauxhall Corsa has started its life with very strong sales, thanks to low prices and a well-judged revamp. Despite looking similar to the old model, it’s better to drive and cheaper to run – buyers are clearly taking notice of the latest Vauxhall supermini.

3. Ford Focus – 73,966 registrations in 2015

With its fun handling, practical body style, efficient engines and revised looks, the new Ford Focus is a strong seller in the UK. It’s been a top model for Ford for many years and the new version looks set to continue that trend.

4. Volkswagen Golf – 64,257 registrations in 2015

The Volkswagen Golf  needs no introduction, really – it’s been around since the 1970s and the latest version is the best yet. It has an upmarket cabin and is comfortable on long journeys, with a huge range of petrol and diesel engines to choose from. It also has one of the most recognisable car names in the UK, which can’t hurt sales. What could, however, is the emissions scandal surrounding VW.

5. Nissan Qashqai – 54,259 registrations in 2015

The Nissan Qashqai is considered by many to be the first modern ‘crossover’, with SUV styling and hatchback running costs. It’s a great car for those needing a practical family runabout. The latest model launched in 2013, and it’s having a great year so far in 2015, making it into the top 10 best-selling cars this year-to-date.

6. Volkswagen Polo – 48,770 registrations in 2015

VW’s Polo  supermini is a more grown-up car than its main rival, the Ford Fiesta, offering better ride quality and refinement. It’s good on any type of journey and features a wide range of efficient engines, too.

7. Vauxhall Astra – 45,487 registrations in 2015

Vauxhall’s Ford Focus rival, the Astra. has been around for a while now – but that’s not hurting sales. It’s a handsome family hatchback, and with the low prices being offered by Vauxhall dealers the Astra has managed to make it into the top 10 best-selling cars 2015.

8. Audi A3 – 42,137 registrations in 2015

It might use many of the same parts as the VW Golf, being built on the same platform, but the Audi A3 features a few more upmarket options that bring the price up a bit. It’s a tactic that’s clearly working – buyers are flocking to the upmarket Audi and sending into the top 10 best-sellers.

9. MINI – 38,241 registrations in 2015

The MINI has clearly been a sales hit since it hit the roads last year. It’s now jumped into the top 10 and knocked the equally retro Fiat 500 out. It’s easy to see why it’s been so popular, too, with good looks, a great drive and an upmarket interior to match the badge.

10. Mercedes C-Class – 37,748 registrations in 2015

Have you ever owned one of the UK’s best-selling cars? Give us your view of it in the comments section below. Or take our Driver Power customer satisfaction survey.


Best used cars for under $15, 000 – Consumer Reports


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Best used cars for under $15,000

Buying a used car can be a great way to save money. The trick is to find a not only a good deal, but a good car—one that will be safe, reliable, and enjoyable for years. Our picks for the best used cars can help steer you in the right direction.

Consider this a quick cheat sheet, highlighting some standout models. For a deeper look at your options, tour the used-car section of ConsumerReports.org. where you’ll find reliability data, road tests, pricing, and much more. That said, we’ve selected these models as great choices.

Each performed well in our testing when new and had above-average reliability for the model years shown, based on our Annual Auto Survey. All of the models came standard with electronic stability control (ESC), a proven lifesaver, during the years indicated.

Visit our used car buying guide for quick access to the latest advice, Ratings, road tests, and videos.

Less than $10,000

The economical and efficient Sonata has a decent ride, secure handling, and a responsive four-cylinder engine that returned 23 mpg overall. The Acura TSX is a more upscale and sportier alternative. (Get detailed pricing .)

The RAV4 was redesigned in 2001, but it wasn’t until 2004 that it got standard antilock brakes and ESC. It has nimble handling, good brakes, easy cabin access, and a particularly strong engine. Fuel economy of 21 mpg is decent for an all-wheel-drive SUV. (Get detailed pricing .)

$10,000-$15,000

The Fit is an excellent choice among hatchbacks. It has amazing space utilization; responsive, agile handling; and a super-efficient four-cylinder engine that returns 30 mpg overall with an automatic transmission. For a bit more refinement, look for a Mazda3 hatchback or sedan. (Get detailed pricing .)


Transport Services Online


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About Us

Started as a small venture to help and comfort people. Transport Service Online is now a big online revolution. We not only help you in booking your required transport while sitting comfortably at home, but also assists you in making smart industrious choice. By providing quotes from top 10 auto companies of transport companies of the auto transport industry Transport online Service reduces your complications. All the auto transport companies in our network are not only licensed but also bonded and indemnified with top rating on Transport Report.com and “The Better Business Bureau”.

For Transport Service Online customers are our priority, and we are resolute in providing exorbitant customer services. We are more than happy to help you at any our of the day. We assure highly customised services to you throughout your transport process, as your satisfaction is are reward.

Moving Vehicles, Redefining Shipping

Being a online transport company Transport Service Online always tries to strive the epitome of authenticity, affordability and convenience. We introduces to greatest available services at the most affordable rates. The quotes that one receives through service are the cheapest available in the auto transport industry. With direct payment option to the concerned automobile transporters and carriers, we entirely eliminate the possibility of broker fees. So here you can really save your cost by directly contacting the auto shippers without paying any broker.

From cars to trucks be it anything we guarantee the best services to our esteem customers by providing very efficient quotes. The real time reporting is another use of Transport Service Online. where you can efficiently track your transporter at various different stages of the shipment process. For all transportation needs without and complications and well within your budget; feel free to browse through our customised quotes section.


Best used cars to buy in 2015


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Best used cars to buy – 2015 Used Car Awards winners

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The UK s best second-hand cars are being revealed this week in our 2015 Used Car Awards.

All of us want to make our motoring budgets stretch further these days, and by buying a used car instead of a new one you can save thousands on the purchase price.

Pre-owned motors make plenty of financial sense, as the original buyer has taken the heaviest hit of depreciation when the car was showroom-fresh.

Yet choose carefully, and you can secure the keys to a model that’s barely run-in and still has the balance of its new car warranty left to run. Buy from a reputable used cars dealer and you should also get high levels of service plus full finance facilities. making the car even more affordable.

With so many forecourts and classified adverts vying for your attention, how do you decide on the right used car for you? To make the job easier, we’ve picked the best second-hand buys in 16 classes in our 2015 Used Car Awards.

From city cars to SUVs. and from compact family hatchbacks to cosseting luxury saloons. we’ve got all the bases covered and. In each used car category our experts have chosen a winner and a highly commended model. They’ve also revealed their advice to help you make the right decisions when viewing, testing and buying our top pre-owned motors.

So if you’re in the market for a second-hand car, or simply browsing out of interest, this is the buying guide you can’t afford to miss.

The 2015 Used Car Award winners can be found by clicking the links below or at the top left of this page.