What to Know Before Purchasing a Vehicle
Posted on Dec 26, 2011 11:30am PST
Purchasing a vehicle can be a very exciting experience, but in order to make it as less complicated as possible, you probably should have access to the general information needed for purchasing a car. Both used and new cars have specific information that is critical to learn as a new car owner. If purchasing a used car it is essential to find out the car's history; this includes previous owners, accident history, technical problems, and maintenance jobs previously done on the car. When looking for a new car some places that may aid in your search:
- A used car location;
- A large corporation in vehicles;
- Classified ads; and
- The Internet
If you are looking for a relatively new car you may still find it in a used car section in the classified ads; both dealers and private owners place their sale ads in this section of the paper. Some dealers will mix in all the paperwork so you sign an "as is" statement. Avoid signing this paper at all costs (unless its mandatory like in California); if you sign it you forfeit the standard motion to try your vehicle for 30 days before the deal is legitimate. This means that once the car is driven off the lot, you don't get a period of time to test out the vehicle for problems. One source suggests that no matter how long it takes, you read the fine print since it's important to have the necessary knowledge about the deal.
Another suggestion is to set up your financial system before you purchase the car; have all loans approved and ready. Also have a trusted mechanic look at the car before you make the purchase. One source suggests that you have a plan before heading out to shop for a car; there are some people who might take advantage of you might should you appear hesitant or unsure. CarBuyingTips.com lists a number of scams should you want to better inform yourself about this process. For example, when purchasing a vehicle it's a good idea to start assessing the amount of funds you have. It's important to be realistic and stick to your budget.
The best times in the year to purchase a vehicle is the last two weeks of July, October, and December. It is imperative that you know your rights when you step on the lot. Here is what a dealer should not do:
- Order a car from another source (they'll charge you a fee);
- Check your credit history without your consent; or
- Sell you a car with a MSRP sticker (it is illegal)
You never want to give a car dealer your license or social security card. Also, if a dealer is telling you that a vehicle that you desire is in the warehouse and therefore costs more money to order, go to another dealership. One source states that competition is part of buying a car and that means searching other places before you bid. If you do this, you'll have an edge when you're conversing with a dealer. They'll be trying to get as much money from you as the can so remember to be resolved in your price range.
Lastly, when you purchase your new or used vehicle make sure to contact the DMV to transfer the title of the vehicle into your name. Also, most DMV places have certain fees upon purchasing. Contact your local DMV to see your vehicles Bill of Rights and to get some vital information for your new or used automotive.