Tips to use when shopping for a used car

by Jerry Christopher

Lets face it. Most of us just can’t afford the high price of a new car or truck. If we could, then the used car market would be almost non-existent. It’s true that purchasing a used car has many advantages over buying new; the thousands of dollars in savings is perhaps the best benefit of all.

However, there is a much greater risk of spending those thousands of dollars only to wind up with a car that has major mechanical problems, or that’s been wrecked, involved with flood damage, or perhaps even stolen and then resold to an unsuspecting buyer.

Understanding these unfortunate possibilities and more importantly, how to minimize the likelihood of purchasing such a vehicle will go a long way in protecting your investment.

As with anything, there is a great deal of misinformation out there; therefore, the best way to protect your hard earned dollars is to arm yourself with knowledge and helpful information, before you shop. Do you have the facts straight?

Avoid making common mistakes when shopping for a used car by being aware of the following used car-buying myths:

MYTH: I’m buying a car known for its quality so I don’t have to be concerned.

FACT: Even the best make and model, if not maintained properly or abused by the owner or drivers, will certainly cause major mechanical problems sooner or later.

MYTH: The owner provided me with maintenance records, so I’ll be safe.

FACT: First, you must consider the fact that these records may be fraudulent. Sellers are well aware of the importance of maintenance and though it is unlikely, records can be falsified. Secondly, bear in mind that thorough record searching involves more than just reviewing maintenance records. Checking the title, registration and even the warranty history are important steps to uncovering potential problems.

MYTH: I’m buying an extended warranty or service agreement; I’ll be covered if anything happens.

FACT: Although an extended warranty does offer some protection, it’s important to understand that these policies don’t cover every single component on a vehicle. Furthermore, the vast majority of warranties won’t cover pre-existing conditions or any problems that may be caused by a lack of maintenance or abuse. (CONTINUE...)