Given the fluctuating price of gasoline these days, it comes as no surprise to see people shopping the used car lots for their next vehicle. While newer models of automobiles may offer more fuel efficient alternatives, one may still find a pre-owned gem for a good price that also offers good gas mileage. It’s important to note, however, that buying used as opposed to getting a new car isn’t that much different. When you decide to walk onto that lot and speak with a salesperson about driving home a vehicle, you want to be sure you are getting everything to which you are entitled.
When buying a new car, very likely you receive information on manufacturer warranties and similar extras. Some warranties may still apply during the purchase of a pre-owned car – it will depend on the age of the car and the manufacturer, so be sure to ask. Other things one should expect while shopping for used cars include:
1) CARFAX and other papers confirming the car’s history. You should everything about the car you plan to buy – who owned it, how many miles are on it, and whether or not it was involved in any accidents. You don’t want to purchase a car and come to find some problems are connected to damage you didn’t know about.
2) A clear payment schedule. Many used lots offer different options for purchase and financing. Before signing any commitment, know exactly what you will pay for the car, how much per payment and when it is due. Know who will receive the money as well.
3) Warranty information. Not every used car will come with the original manufacturer’s warranty. In the case of an “as is” sale, you get what you see at face value. Still, a dealer must disclose the car’s history. It is required by law by the dealership to provide a buyer’s guide for every car on sale.
4) Everything in writing. Even if you know the dealership and friends have vouched for them, you should resist the urge to do any handshake spoken deals. That may come back to haunt you should the car not work for you. For everything involved in the purchase of your car, you need written confirmation.
Buying a used car doesn’t need to be a hassle. In order to protect yourself, however, make sure you come away with the proper paperwork.
