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DISCLOSURE, RESEARCH AND MECHANICS: THREE WAYS TO PROTECT YOURSELF DURING A VEHICLE TRANSACTION FROM SHADY USED CAR DEALERS

Most people have negative thoughts and feelings about used car dealers. There are tons of jokes about used car dealers out there and theyíre just as bad as the ones dealing with lawyers and blondes. There are some used car dealers who will do everything they can to make money on a gullible customer.

However, the majority of used car dealers have pride in their business and will do everything they can to give the public transportation that will be happy with. Used car dealers rely on the word of mouth and the dealings of repeat customers for their business to flourish.

Why People Are Buying Used Vehicles In Lieu Of New Vehicles

The price to purchase a new vehicle has risen drastically in the last couple of decades, which is why many people are turning to used car dealers to find affordable transportation. Most people want to have a vehicle thatís less than five years of age and donít have a lot of miles on it.  Keep in mind that most car dealers will take trade-in vehicles and check them out for mechanical or cosmetic faults. Most dealers have their own maintenance staff on hand so mechanical issues are dealt with and the vehicle can have a tune up before itís put up for sale.

FTC Used Car Rule: How The American Public Is Protected When Buying A Used Vehicle

Nearly half the vehicles sold and on the road in the United States are used. The majority of the stock for this part of the economy is dealt with by used car dealers. Since a used car purchase means a good deal of money being exchanged, there are rules in place to protect the buying public.

The Federal Trade Commission Used Car Rule has a set of guidelines the dealers must follow to ensure that the public understands a vehicleís quality. The only two states that donít comply with the federal regulations are Maine and Wisconsin. However, to protect their used car buyers, they have similar regulations in place.

The Used Car Rule demands that any vehicle sold through a used car dealer must have a disclosure statement. This disclosure will ensure that the buyer understands the car is either sold with a warranty or is sold ďas isĒ. If the vehicle has a warranty, the buyer is to learn what the dealer is responsible for in terms of repairs.  The disclosure also advises the car buyer to get any promise made in writing. Reputable used car dealers have no problem following this rule.

Two Other Ways To Get A Guaranteed Working Vehicle

Besides getting this disclosure statement from the used car dealer, buyers still need to do their own vehicle research to ensure that it is a good car.

- One thing a buyer can do is get the vehicle identification number and purchase a vehicle history report (Carfax is a common place to get this information).  This report will show you if the car has any problems, if itís been in an accident, how many owners itís had.

- The second thing you can do is take the vehicle to a certified mechanic; someone who is not affiliated to the dealer. He/she will put the vehicle on the lift to inspect it.

By doing a good deal of research and choosing a reputable car business, youíre protecting yourself from making a huge flop of an investment when you purchase a used vehicle. Be sure to take your time to look for the perfect car for you so that you can drive it for many years.


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