In today’s economy, it is not odd for you, a family member or a friend to want to buy a used car. For the price, it may seem like the perfect choice. Beware, however, because pushy salespeople are not the only thing you’ll have to deal with. More factors must be considered, according to a few experts, if the used car you purchase is ever going to be a benefit.
The first piece of advice is to be careful. Ira Rheingold, executive director of the National Association of Consumer Advocates, explains that in today’s used car industry there a lot of people that will try and take advantage of you. Rheingold’s exact words were, “It is a particularly predatory industry.” If you are not careful, one to three things could happen. One, the car salesperson could get you to sign to an overrated, overinflated price for the vehicle. Two, the car salesperson could get you a car that is not in the best condition or has hidden issues. Or, three, you end up having to deal with the wrong deal and the poorly conditioned vehicle together.
The second piece of advice is to treat it as if you were buying a house. This means, that the purchase and the finance of your car should be completely separate. It is important to keep these two things separate because when combined it gives the seller an easier chance to rip you off. The better option would be to go to a source other than the seller, like a bank or a credit union, and secure a loan prior to buying the car. By doing this, you have the security of having the money needed for the entire payment.
The third piece of advice is when in doubt, get a professional opinion. If you can get a mechanic or someone to look at the car, that is not bias toward the seller you can get an honest opinion as to the condition of the car. Rheingold and Andy Wolf, a consumer protection attorney, agree that this is a very smart thing to do.
The final and fourth piece of advice is to know your rights as a consumer and to seek legal help if needed. No seller should ever bind you into a contract you find unjust. If you think you’ve been taken advantage of, the legal system is there to help.
When you go to buy a used car, the last thing you want to worry about is being taken advantage of by the seller. With these four tips, you can feel more confident in yourself; finding the perfect used vehicle for you. Lease swapping websites line Swapalease.com give customers searching for a vehicle a safer option, as opposed to using a private seller.