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How to avoid the used car sales trap
- 3. While consumers are protected by several
regulations in place, none are available when
buying a car from a private seller.
- 4. Used car buyers also need to deal with hidden
histories and pushy sales tactics.
- 5. Below are some tips on how to avoid the
sales trap when buying used vehicles.
- 7. When a car owner borrows money to
purchase the vehicle, the car is used by the
lender as security for the loan.
- 8. Once the owner defaults on the payments,
the car will be seized by the lender to recover
the funds.
- 14. When buying a used car, you need to check
whether its registration is in order.
- 16. Make sure that the numbers match the car’s
registration documents.
- 17. If they don’t match, then the car that you are
looking at is literally not the same car that you
are buying.
- 18. You should do more research and
investigation of the used car if you really want
to buy it.
- 21. If you want to make sure that the car is worth
your money, then have a trusted mechanic
look at its mechanical condition.
- 22. Make sure that the mechanic looks for signs
that the car has had some crash repairs in the
past.
- 23. Some of the indicators include missing
fasteners and over spray.
- 24. If you have discovered evidence of major
crash repair or damage, it is recommended to
forget about the vehicle and look for another.
- 26. Another thing that you need to consider, is to
get an updated fair value assessment of the
vehicle you want to buy.
- 27. The values are for vehicles that have an
average condition with average mileage.
- 28. If the car is still in good condition, then
slightly increase its value.
- 31. Before sealing the deal with the used car
seller, you should be able to take it for a test
drive.
- 32. A test drive will give you an idea of how it
drives, as well as alert you to any problems
that the seller forgot to mention.
- 33. It is a good idea to let a friend, or a trusted
mechanic drive the car as well.