Things you should know before buying a used car
Jul 26th, 2010 by admin
The extremely low prices of many used cars for sale available in the market today invite many car lovers to buy one for them. However, before you finally purchase the used car you are eyeing, below are some of the things you should know first to avoid the common mistakes that used car buyers do.
As-is Document – it is a document that car buyers are required to sign prior to the purchase of the used car they want. This statement composed of two boxes, the Warranty and As-is No Warranty. If ever the buyer chose the Warranty box, he or she will be responsible of understanding the warranty coverage and its length. On the other hand, if the as-is No Warranty box is checked, the buyer will be responsible of all the problem that occur after the sales.
Automatic Warranty – if like any other, you also believe that used cars have an automatic warranty, you must know the real score behind it. Used car dealers are not in any way required to give any type of warranty. Any warranty given must be in writing to become enforceable. On the other hand, some of the used cars for sale have still remaining factory warranty. Buyers must check the car’s accident history, damage and abuse that might void the factory warranty.
Take Back Period – if you believe that there is a 3-day money back guarantee when purchasing a used car, then you must keep in mind that there is no such law that states that used car buyers can take their money back if they are not satisfied with the car’s performance after the purchase. It is the buyer’s sole responsibility to do a thorough inspection and know the real situation of the car before buying.
Used Car Lemon Law – if you buy used car in the United States, keep in mind that there is no Car Lemon Law in most States. There can be a new car Lemon Law, but never assume that it applies the same to used cars.
Used Car Values – generally, web sites and publications state a used car values in their listings. One must note that these values are the additions and deductions for optional equipments, excessive miles and the like and no deductions are being shown that addresses the car’s actual mechanical condition. If you were to do a professional pre-purchase inspection, you will most like to discover that car’s condition, its needed repairs, previous damages and abuse, which will lead you to the car’s real value.
If you were wise enough to know these things before buying your new used car, you will surely never end up buying a lemon.