There are a number of criteria that someone
in the car market place must consider
especially if they are considering purchasing
a used vehicle.
This process can include a number of hoops
that consumers may have to go through, but
in the end can save the consumer a great
amount of money.
When a car owner borrows money to
purchase the vehicle, the car is used by the
lender as security for the loan.
Once the owner defaults on the payments,
the car will be seized by the lender to
recover the funds.
An unscrupulous seller might try to sell a
used car to you and default on the
payments.
When the lender repossesses the car, you
are left with nothing.
That’s why before buying a used car; you
should check its debt status first.
That way you’ll know if there is a problem
beforehand.
When buying a used car, you need to check
whether its registration is in order.
You should also check the engine number
that is stamped on the engine.
Make sure that the numbers match the car’s
registration documents.
If they don’t match, then the car that you are
looking at is literally not the same car that
you are buying.
You should do more research and
investigation of the used car if you really
want to buy it.
Or better yet, find another one.
If you want to make sure that the car is
worth your money, then have a trusted
mechanic look at its mechanical condition.
Make sure that the mechanic looks for signs
that the car has had some crash repairs in
the past.
Some of the indicators include missing
fasteners and over spray.
If you have discovered evidence of major
crash repair or damage, it is recommended
to forget about the vehicle and look for
another.
Another thing that you need to consider, is
to get an updated fair value assessment of
the vehicle you want to buy.
The values are for vehicles that have an
average condition with average mileage.
If the car is still in good condition, then
slightly increase its value.
Adjust the price downward if the condition is
poor.
Before sealing the deal with the used car
seller, you should be able to take it for a test
drive.
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.
It is a good idea to let a friend, or a trusted
mechanic drive the car as well.
One might notice an issue with the used car
that you failed to see.

Avoid Used Car Sales Trap

  • 1.
    There are anumber of criteria that someone in the car market place must consider especially if they are considering purchasing a used vehicle.
  • 2.
    This process caninclude a number of hoops that consumers may have to go through, but in the end can save the consumer a great amount of money.
  • 3.
    When a carowner borrows money to purchase the vehicle, the car is used by the lender as security for the loan.
  • 4.
    Once the ownerdefaults on the payments, the car will be seized by the lender to recover the funds.
  • 5.
    An unscrupulous sellermight try to sell a used car to you and default on the payments.
  • 6.
    When the lenderrepossesses the car, you are left with nothing.
  • 7.
    That’s why beforebuying a used car; you should check its debt status first.
  • 8.
    That way you’llknow if there is a problem beforehand.
  • 9.
    When buying aused car, you need to check whether its registration is in order.
  • 10.
    You should alsocheck the engine number that is stamped on the engine.
  • 11.
    Make sure thatthe numbers match the car’s registration documents.
  • 12.
    If they don’tmatch, then the car that you are looking at is literally not the same car that you are buying.
  • 13.
    You should domore research and investigation of the used car if you really want to buy it.
  • 14.
    Or better yet,find another one.
  • 15.
    If you wantto make sure that the car is worth your money, then have a trusted mechanic look at its mechanical condition.
  • 16.
    Make sure thatthe mechanic looks for signs that the car has had some crash repairs in the past.
  • 17.
    Some of theindicators include missing fasteners and over spray.
  • 18.
    If you havediscovered evidence of major crash repair or damage, it is recommended to forget about the vehicle and look for another.
  • 19.
    Another thing thatyou need to consider, is to get an updated fair value assessment of the vehicle you want to buy.
  • 20.
    The values arefor vehicles that have an average condition with average mileage.
  • 21.
    If the caris still in good condition, then slightly increase its value.
  • 22.
    Adjust the pricedownward if the condition is poor.
  • 23.
    Before sealing thedeal with the used car seller, you should be able to take it for a test drive.
  • 24.
    A test drivewill give you an idea of how it drives, as well as alert you to any problems that the seller forgot to mention.
  • 25.
    It is agood idea to let a friend, or a trusted mechanic drive the car as well.
  • 26.
    One might noticean issue with the used car that you failed to see.