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Tips for buying used cars
1. Tips for buying used cars
(AOL Autos) -- The main "ups" of buying a used car are the lower initial purchase price, as well as
lower property taxes (where applicable) and insurance costs. The main "downs" of buying a used car
are that it's a used car, not new -- so there's no new car warranty and you are more vulnerable to
used car problems that could cost you money, as well as aggravation.
To reduce your risk of exposure when you buy a used car, there are a number of precautionary steps
http://bit.ly/1EHJb2X you can take when shopping for a used vehicle.
These tips to buy a used car include:
Shop for newer used cars that still have at least a portion of their original manufacturer's warranty
remaining: Most late model used cars have at least three-year/36,000 mile basic warranty coverage
(and often longer "powertrain" coverage on the engine and transmission). This means you'll get at
least a year or so of peace of mind if you buy a used car that is less than three years old. (Important:
Be sure to confirm the used car warranty is fully transferable.)
Check into Certified, Pre-Owned (CPO) vehicles:
These are late model used cars and trucks that
typically have less than 50,000 miles and have been
given multipoint inspections -- with any needed
service or upkeep taken care of before the used car
is put on the lot. CPO programs are backed by the
automakers (Ford, GM, Volvo, etc.) and the vehicles
often include a no-cost extended warranty on major
parts such as the engine and transmission. CPO used
cars are usually clean and well-maintained -- the
"cream puffs" of the used car market.
Do a "background check" for indications that the particular used car make/model you are
considering might be a problem car: One with an unusual record of either recalls or consumer
complaints. You can find information about recalls and safety-related defects at the National
Highway Traffic Safety Administration's Web site (www.nhtsa.dot.gov), and information about
consumer satisfaction at JD Power Associates (see www.jdpower.com/cc/index.jsp ). Consumer
Reports is another good place to poke around (go to www.consumerreports.org/main/home.jsp and
click on "autos"). It's also a very good idea to do a simple Google or Yahoo! Web search; just type in
the make and model of the vehicle and "lemon." You can bet if the car has a history of problems,
there will be complaints all over the Internet.
Screen your candidate -- the specific used car you are looking at: Even if the make/model has a great
reputation for quality and reliability, that particular used car may not have been well-maintained --
even abused. Have a third-party mechanic (not one working for the dealer) look the used car over as
a condition of sale. If the dealer refuses to permit this, you should consider yourself well warned --
and walk away.
2. Ask to see the used cars' service records: If these are available, it's usually a good sign the car was
well cared-for, and perhaps more importantly, proof (if the records are complete) that there weren't
any unusual repairs or problems. If the used car records http://bit.ly/1EHJb2X are not available, you
should be suspicious. It doesn't necessarily mean the used car is a bad car, but you have to wonder
why the seller would not have kept such a strong selling point as evidence of proper upkeep and
maintenance. In such a case, it is doubly important to have a mechanic you trust give the used car a
thorough once-over before you commit to buy.
Be sure it will pass both state safety and emissions tests (where applicable): In most states, this is a
legal requirement, but don't assume it is. It can cost hundred of dollars (or more) to repair a used
car that fails either state safety or vehicle emissions testing -- and in many cases, you can't legally
register or drive that used car until it does pass.
Lastly, jot down the Vehicle Identification Number (VIN): Located on a stamped plate on the top of
the used cars dashboard, and run a CARFAX Vehicle History report to check for used car deal-killers
such as evidence of a prior accident, odometer fraud, manufacturer "buy back" (a lemon) and so on.
A CARFAX report costs less than $25, and is well worth the expense.
As far as specific recommendations, here's a short list of some historically "good bets" when it comes
to buying used cars or trucks:
I. Economy Cars:
Toyota Corolla -- The gold standard of new economy cars is also, predictably, an excellent choice in a
used car. In addition to a well-earned reputation for high quality and durability, Corollas are among
the safest cars in this class -- and offer features such as antilock brakes and side-impact air bags (on
newer models). Corollas also hold their value exceptionally well -- to such an extent that a used
Corolla you buy today for $6,000 will very likely still be worth four or five thousand dollars two to
three years down the road.
II. Luxury Sedans:
Lexus LS400/LS430 -- New, these large rear-
drive, V-8 powered luxury sedans cost tens of
thousands less than an equivalent Mercedes-
Benz, BMW or Jaguar. As used cars, they
continue to perform flawlessly -- without giving
their owners high blood pressure years after
other luxury makes become expensive money
pits. The LS series sedans are considered
bulletproof -- and also have one of the lowest
depreciation rates in the business.
Acura RL -- A conservatively elegant large
luxury car that, like the Lexus LS, enjoys a
reputation for absolutely superb engineering and quality. Unlike the Lexus LS, however, the Acura
RL is a front-wheel-drive luxury sedan -- so it offers better grip in the winter, if that's a concern
where you live. And it is powered by a V-6 engine rather than a large V-8, so its appetite for gas is
more agreeable.