When you need to buy a car, most people only tend to consider new cars. However, if you want to save up a lot of money, there is nothing like buying a used car.
One of the reasons why so many people don’t even consider buying a used car is because they are not aware of the rights when buying a used car. However, we believe that if you know and understand the rights when buying a used car, you can save a lot of money and don’t get burned along the way.
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So, let’s take a look at the rights when buying a used car.
The truth is that no matter if you are buying a used car from an individual or a dealer, you need to make sure that you take into account the following suggestions:
- You should be able to do a test drive on the highway, hills and even when there is a lot of traffic.
- You should ask the individual or the sealer to see the record of the car’s maintenance.
- You should have a good idea about the price that the car is worth before you even start negotiating the price.
- You should search for the most common repairs of that specific model as well as the costs.
- You should get an independent review of the car history. The truth is that for a small fee, you can check more details about the damage history of the car, the odometer data, and even the vehicle’s title.
- You should hire a mechanic to inspect the vehicle for you.
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As you can see, these are all measures that you can take in order to avoid any problems before you even buy a used car.
However, and besides this, you need to know that you have rights when buying a used car. The reality is that the FTC – Federal Trade Commission states, under the Used Car Rule, that dealers need to display the Buyers Guide in all used cars they have for sale. However, in case the used car you’re looking to buy has less than six years, the dealer doesn’t have to provide it for you.
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But what does the Buyers Guide tell you?
Inside the Buyers car of the used car, you can find a lot of information that will allow you to know more about the car that you are buying. This information includes:
- If the car has been sold with a warranty or “as is”.
- The major electrical and mechanical systems in the car as well as the main problems that you should be aware of.
- A reminder to ask a mechanic to inspect the car for you before you buy it.
- In case you need to repair the car, the Buyers Guide will state the percentage of the costs that need to be paid by the dealer. In addition, you need to make sure that you get all this in writing.
- A reminder to pay for the vehicle history report so that you can have a better perspective of how the car is.
- A strong reminder that you should have all the promises spoken and written. The truth is that you can’t trust the word of the dealer.
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As you can see, as long as you have some precautions, you should be able to make a good deal when buying a used car and still be able to save some money.