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Friday, October 3, 2008

A Checklist For Buying A Used Car

The used car market, like the real estate market, is currently what is called a buyers market. Car dealers are offering better deals recently to bring customer in with offers of employee pricing for buyers. However, certain considerations should be taken before going down to the local car dealership to purchase a used car even though most people know what they want usually before ever visiting a car dealership.Current fuel prices should have an impact on your decision. A large gas guzzling SUV is probably not the best choice unless your budget allows for at least one-hundred dollars weekly allowance for fuel. For commuters that travel from one side of a city to another twice each day, an SUV would not make for a wise decision. A smaller sedan like a Toyota Camry might make an excellent choice for commuters. These vehicles have a high resale value and are usually low maintenance vehicles. If you buy from a private seller, there are important questions that should be asked before ever agreeing to the make the purchase. First, you should ask the owner why they are selling the car. This is important as the answer could possibly give an indication of the current condition of the car.
You will also need to ask how long the current title holder has had ownership of the car and how many previous owners have owned the vehicle. This may also be a good indicator of the condition of the car. One very important question that will need to be asked also is has the car every been wrecked and repaired.
You will also want to have the vehicle checked over by a mechanic that you trust that will provide a detailed and dependable condition report of the car. Private sellers should not have a problem allowing you sufficient time to have the car checked out. Usually a monetary deposit will be enough to assure the seller that your intentions are genuine. Also, allowing you to have the car checked out by your own mechanic shows good faith on the part of the seller as well.
Buying a used car can be an exciting and interesting experience with great deals to be found given the current economic conditions. Following a well thought a plan, making sure financing is in place and allowing ample time to shop around should make for a smooth used car buying experience.


by Woods Richard

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