free credit report learning center
free credit check Contact Us
free credit report home loans insurance debt help ask the expert bad credit home loan
refinance mortgage
Customer Service
FAQ's
Ask the Expert
Site Map
refinance mortgage
Tips for Buying a Used Car

If you've decided to purchase a used car, do your homework before closing any deals. Check out the following important items:
  • Fuel consumption
  • Maintenance costs
  • Insurance rates
  • Past repair record
  • Safety record for that make and model

A lot of good information is available through consumer magazines, which track manufacturers' safety records, as well as buying trends. Another valuable source, is the "blue book", which lists approximate values for used cars by make, model, and age.

There is also a Used Car Rule, set down by the Federal Trade Commission, by which all dealers who sell more than five cars in a 12-month period, must abide. Exceptions are banks, dealers who sell to employees, lessors who sell to lessees, or someone recommended by the lessee. It also does not cover private sales of used cars.

The Used Car Rule is set out in The Buyer's Guide, a booklet that the dealer should give you when you are considering the purchase of a used vehicle. It will provide you with such information as

  • If the vehicle is sold "as is", or with a warranty. Ask for a copy of the warranty
  • How difficult it is to enforce oral promises or agreements. Have the dealer write any proposals in the place provided in your booklet.
  • What costs the dealer will be responsible for during the warranty period. The warranty itself is part of the purchase price. Service costs may be extra.
  • You have the right to ask for an inspection by an independent mechanic, prior to purchase. If you have asked for the repair record from the previous owner, and suspect it is not accurate, you may also purchase a vehicle history report, from various agencies.

There is more to buying a used car, than kicking the tires. Go through your Buyer's Guide carefully, and don't settle for verbal assurances, when you're unclear on any item. Negotiate only when you have all the information you asked for, and don't be rushed by promises of time limited offers, or other "specials" that can lead you to sign the contract before you're ready.

bad credit home loan free credit report
Free Credit Report | Free Credit Score | Home Loan | Home Equity Loan | Refinance Mortgage | Debt Consolidation | Debt Management
Auto Insurance | Home Insurance | Health Insurance | Life Insurance | Business Insurance
Free Online TransUnion and Equifax Credit Reports | Bad Credit Home Loans | Free Debt Consolidation | Cheap Auto Insurance Quotes
spendonlife.com better business bureau online (bbb) verisign dun & bradstreet HACKER SAFE certified sites prevent over 99.9% of hacker crime.
Copyright © 2002-2008, SPENDonLIFE.com. 8144 Walnut Hill Lane, Suite 510. Dallas, TX 75231