Wednesday, July 26, 2017

Are you thinking of purchasing a new or used car? Or did you recently purchase one? If so, its important to be aware of what warranties the seller made on the car. Following these easy tips will make the process a little easier.

Instructions

    1

    Look for a sticker on the used car that indicates it was inspected by the Buyers Guide. The sticker will be posted on the side window of the car. This sticker is required by federal law to be on all used cars sold by dealers and it has great significance. Specifically, the sticker tells you whether a service contract is available for the car or not. In addition, the sticker indicates whether the vehicle comes with an express warranty, with any implied warranties, or as is meaning the vehicle comes with no warranties and you as the buyer assume all risk.

    2

    Be sure to inquire about the cars manufacturer warranty. If the manufacturers warranty is still in effect on the car, be careful because you might be required to pay an additional fee not included in the purchase price of the car to obtain this coverage, basically converting it into a service contract. If the dealer, however, does not require you to pay an additional fee it is instead considered a warranty. So, if the dealer pays for the manufacturers fee on its own, then you have no service contract.

    3

    Look to see if the car comes only with implied warranties. If the car comes only with implied warranties, you need to know what type of implied warranty it is. Dont worrythere are only two types to remember. Just to be clearimplied warranties are just automatically implied (i.e., unspoken and unwritten). The two warranties include: warranty of merchantability and warranty of fitness. Warranty of merchantability, which basically means that the seller promises the product will do what it is supposed to do so if the car wont start or doesnt drive, the dealer is required to fix it. A warranty of fitness for a particular purpose is when you purchase a car relying on the dealers guidance that the car will be suitable for a specific use. Check state law to be sure if includes a used cars law.

    4

    Be very weary of purchasing a car as is. There is no warranty if you buy a car as is. This means you must pay for all repairs, even if the car breaks down five minutes after you purchased it. Check your state and local laws to be sure that as is sales are not prohibited. Also, your state or local law may have used car lemon laws. These allow you to receive your money back or a replacement if the car you purchased is significantly defective.

0 comments:

Post a Comment