Never rely on the dealer’s mechanic or dealer’s “word” that the car is in good working condition. The dealer can simply spread out a more expensive price over a longer period of time to get you the payment you want. There are several advantages to buying certified used cars, but two stand out the most. A printout of a vehicle history report, along with any notes about the report that warrant a lower offer than the sticker price. These are similar to independent dealerships but are much bigger and often part of a chain of dealerships. CarMax and CarSense are good examples of superstores.
All too often, unscrupulous people try to unload cars that have been seriously damaged in floods. Corrosion often continues for a very long time after a car has been submerged in the water. As a result, serious issues may not crop up until much later. If you smell a moldy, mildewy odor in the car, cross it off the list. Fortunately, there are steps you can take to avoid inadvertently buying a used lemon. Your search for a used car will be easier when you restrict it to a certain type of vehicle.
A vehicle history report is derived from the car’s vehicle identification number and will let you know if it has been involved in an accident, has a clean title, or other issues. There are several things you need to be aware of when you are considering buying a used car. In NC, the law is buyer beware unless you have something in writing that says otherwise i.e. a warranty, service contract etc. That means you buy the car “As Is”, defects and all. Please be aware, however, that only applies to new vehicles, not used vehicles. Unless you have some type of guarantee, warranty or service contract in writing for your used vehicle, you are stuck with what you purchased.
For about $100 (which you’ll pay, not the dealership), a good mechanic can provide the peace of mind that a CarFax simply can’t. If the dealer refuses to let you have the car inspected, consider it a red flag. Typically, you’ll need to put down at least 10% of the car’s purchase price as a down payment. This means that if you’re looking at a $20,000 truck, auto placis you should expect to put down at least $2,000 up front. If you’re buying an especially used vehicle, you’ll also want to keep an “emergency fund” on hand to handle unexpected repairs. Don’t spend your entire budget on your initial purchase, and keep in mind that higher-end vehicles will almost always cost more to repair than more value-oriented cars.
As always in recent years, SUVs and pickup trucks are very popular, which means there will be fewer of them that current owners will want to part with. You’re likely to find better availability—and maybe even a deal—on less popular models, such as sedans, hatchbacks, minivans, and front-wheel-drive SUVs. Some dealers include bogus fees to take back profit they lose in negotiating. Ask for a breakdown of additional fees before you agree to any deal.
If the salesperson has made written changes and you agree to them, make sure you both initial the new language. Whether it contains clauses or terms that are different from what the salesperson said to you. Check the carpeting and upholstery for discoloration. Differences in color, especially if they appear to be stains, may indicate water damage. Make sure there is a refund policy posted in the office where sales take place.
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