Buying a Used Car
In addition the
money that you
can save by buying a used car, there are
several key
advantages to buying a pre-owned vehicle.
For example, if you have
bad
credit or
no credit, a used car loan can help you
establish or re-establish your credit
history into a positive one. Used car loans
are especially beneficial for
students
looking to establish a good credit history.
However, buying a used
car is not easy, unless you are purchasing
from a friend or family member that you can
trust. The anonymity of buying a car you
know nothing about, from a stranger, leaves
a great deal of room for being taken
advantage of.
Below are some tips that will help you
obtain a pre-owned auto that is worth the
money you are paying. We also suggest you
read the car
buying mistakes section.
Determine
what kind of car you want!
We feature a comprehensive list of the
most reliable used
cars on the market.
Find out
what kind of history the used car you are
interested has even before you consider
buying!
Getting a copy of the history of a car
that you are interested in buying will
eliminate the risk of buying a car that has
been damaged in the past. You can obtain a
vehicle history report from
CARFAX.
CARFAX
has relationships with over 5000
different types of sources that will most
likely be able to give you an accurate run
of the car's past.
Have the
car looked at by a mechanic!
Even if a
CARFAX
report says that the automobile has a
flawless history, you need to have the car
inspected by a mechanic prior to purchasing.
One reason for having a mechanic look at a
car is to look for damage that can be
related to a past accident. If the car was
involved in a crash and the crash was never
reported in a police report, then there is
no sign of this accident in a
CARFAX report.
A mechanic can look at the frame of a car
and instantly tell you if the car has been
in a bad accident or has flood damage. They
can also easily spot any type of fluid leaks
or engine corrosion.
Perform a
title check before buying a used car!
Running a title check of a car will assure
you that the mileage on the car is reported
as correct. Believe it or not, digital
odometers can be rolled back! Digital
odometers will store the real mileage
reading in a flash chip called an EEPROM. It
is not hard for someone to remove the EEPROM
and roll back the mileage without any signs
of manipulation. However, when a car is
inspected, traded in at a dealership or
turned in from a lease, the mileage is
checked and recorded. If the mileage of the
car is less than what the title reports,
then you know that the seller has rigged the
odometer to report a lower, deceitful
mileage. If this is the case, run from the
deal!
Purchase a
certified pre-owned car if you are buying a
used car from a dealership!
Certified pre-owned vehicles are cars that
have been put through a series of tests to
determine whether or not they abide to
manufacturer-set standards. Once an
automobile satisfies these conditions, the
manufacturer will put the car back on the
market for sale. A
warranty of certification
comes with the purchase of a certified
pre-owned car. You can learn more about
certified pre-owned
cars.
Purchase an extended warranty!
If you are buying a a car that is three
or five years old, you need to buy an
extended warranty to protect your
investment.
AAAWarranty offers great deals on
warranties for used cars. If you do not have
an extended warranty, you are risking great
potential loss.
We recommend
that you read the section on selling a used
automobile if you are looking to put
your car on the market.
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