Avoid Used Car Sales Trap

1
There are a number of criteria that someone in
the car market place must consider especially if
they are considering purchasing a used vehicle.
2
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.
3
When a car owner borrows money to purchase the
vehicle, the car is used by the lender as
security for the loan.
4
Once the owner defaults on the payments, the car
will be seized by the lender to recover the funds.
5
An unscrupulous seller might try to sell a used
car to you and default on the payments.
6
When the lender repossesses the car, you are left
with nothing.
7
Thats why before buying a used car you should
check its debt status first.
8
That way youll know if there is a problem
beforehand.
9
When buying a used car, you need to check whether
its registration is in order.
10
You should also check the engine number that is
stamped on the engine.
11
Make sure that the numbers match the cars
registration documents.
12
If they dont match, then the car that you are
looking at is literally not the same car that you
are buying.
13
You should do more research and investigation of
the used car if you really want to buy it.
14
Or better yet, find another one.
15
If you want to make sure that the car is worth
your money, then have a trusted mechanic look at
its mechanical condition.
16
Make sure that the mechanic looks for signs that
the car has had some crash repairs in the past.
17
Some of the indicators include missing fasteners
and over spray.
18
If you have discovered evidence of major crash
repair or damage, it is recommended to forget
about the vehicle and look for another.
19
Another thing that you need to consider, is to
get an updated fair value assessment of the
vehicle you want to buy.
20
The values are for vehicles that have an average
condition with average mileage.
21
If the car is still in good condition, then
slightly increase its value.
22
Adjust the price downward if the condition is
poor.
23
Before sealing the deal with the used car seller,
you should be able to take it for a test drive.
24
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.
25
It is a good idea to let a friend, or a trusted
mechanic drive the car as well.
26
One might notice an issue with the used car that
you failed to see.