Friday, August 15, 2014

What You Need to Buy a Used Car

Eliminate most of the risk in buying a used car by asking the right questions, reading reviews and gathering information. Proper preparation and research will help ensure a good purchase and the best possible outcome.

Research

    After you have researched several makes and models of used cars, narrow your choices to two or three models. Test-driving the same model car makes it easier to compare their performance, according to Samarins.com. Trying to compare too many different cars becomes confusing. Be sure to check the history of the car before committing to a purchase. Do not skip this step.

Inspection

    When you are satisfied with a car's history, tell the dealer you want to take the car to your own mechanic for an inspection. If the dealer will not allow this, do not buy the car. Have your mechanic check the body, the interior and the tires as well as all operating systems.

Warning

    Before you sign a sales agreement, be sure you understand the true cost of the vehicle. According to the Federal Trade Commission--the FTC--the dealer must disclose the finance charge, the number of payments and amount of each payment. The total price of the car equals the down payment, the monthly payments and the interest combined.

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