avoid used car sales trap

There are a number of criteria that someone in the car market place must consider

especially if they are considering purchasing a used vehicle.

This process can include a number of hoops that consumers may have to go through, but

in the end can save the consumer a great amount of money.

When a car owner borrows money to purchase the vehicle, the car is used by the

lender as security for the loan.

Once the owner defaults on the payments, the car will be seized by the lender to

recover the funds.

An unscrupulous seller might try to sell a used car to you and default on the

payments.

When the lender repossesses the car, you are left with nothing.

That’s why before buying a used car; you should check its debt status first.

That way you’ll know if there is a problem beforehand.

When buying a used car, you need to check whether its registration is in order.

You should also check the engine number that is stamped on the engine.

Make sure that the numbers match the car’s registration documents.

If they don’t match, then the car that you are looking at is literally not the same car that

you are buying.

You should do more research and investigation of the used car if you really

want to buy it.

Or better yet, find another one.

If you want to make sure that the car is worth your money, then have a trusted

mechanic look at its mechanical condition.

Make sure that the mechanic looks for signs that the car has had some crash repairs in

the past.

Some of the indicators include missing fasteners and over spray.

If you have discovered evidence of major crash repair or damage, it is recommended

to forget about the vehicle and look for another.

Another thing that you need to consider, is to get an updated fair value assessment of

the vehicle you want to buy.

The values are for vehicles that have an average condition with average mileage.

If the car is still in good condition, then slightly increase its value.

Adjust the price downward if the condition is poor.

Before sealing the deal with the used car seller, you should be able to take it for a test

drive.

A test drive will give you an idea of how it drives, as well as alert you to any problems

that the seller forgot to mention.

It is a good idea to let a friend, or a trusted mechanic drive the car as well.

One might notice an issue with the used car that you failed to see.