Be aware of the pitfalls when purchasing used cars
Used cars have experienced a renaissance lately. Now that they've cleverly been retermed "previously owned," their popularity has grown in leaps and bounds. You'll even find high-end car manufacturers like Lexus and Mercedes advertising their crop of previously owned vehicles. Why has all this attention suddenly been placed on used cars? Well, consumers are recognizing the value and affordability of these vehicles. However, they still need to be aware of the potential pitfalls involved with purchasing some used cars.
Here are some ips for success when hunting for a used car:
* Do your homework. Read consumer reports, visit dealerships, and contact automotive companies to learn the pros and cons of the type of vehicle you're interested in. If you have a family and are looking for safety features, find out how the vehicle ranks in crash and rollover tests. If fuel efficiency is a concern, learn the mile-to-gallon statistics and compare them to similar models. Get referrals from friends or family who love the performance of their vehicles. Rely on Kelly Blue Book (www.kbb.com) or other automotive pricing manuals to learn the fair price range for the vehicle you're considering.
* Conduct a background check. This is one of the most important tips that can be offered. Used cars have a history and you want to be sure this doesn't include a major accident, a flood or heavy abuse by a previous owner. Some owners who know they're turning in a leased vehicle after three years for a new one will beat up on a car. In addition, some rental-car companies sell their fleet of vehicles every few years, and they can have a lot of wear and tear. There are resources that can offer answers to your car's history, provided you have the Vehicle Identification Number (VIN). A title search can include information on failed inspections, numbers of previous owners, major damage and reconstruction, or a rolled-back odometer. Dealerships do title searches when you trade in a car, so why shouldn't you? You should always be diligent in your checkup on a potential vehicle. It could save you money in the long run and prevent you from buying a lemon.
* Consider an extended warranty. Most manufacturer car warranties end after three years or 36,000 miles. You can purchase an extended warranty through many dealerships or through private warranty organizations. This will protect your used vehicle should anything go wrong after the manufacturer-supplied warranty ends.
* Shop auto insurance quotes. Before you commit to a car, see how much it will cost you to insure each vehicle you're considering. This can help you narrow your choices even further.
* Don't get blindsided by accidents. If you're only checking for previous accident damage on a potential vehicle, you may be missing plain-as-day mechanical problems that could be costly. It's a good idea to bring a mechanic along when you check out the car so he can look for problems with the engine, transmission, and other areas that benefit from an expert eye.
* Shop around. Visit several dealerships, scan the classifieds, and do research online. Arm yourself with tons of information so that you can find the vehicle that's right for you.
