May 26, 2010

Buying a Used Car? Protect Yourself from Additional Fees

Consumers throughout the United States seem to be watching every dime with the current state of our economy, especially when considering buying a used car. Despite a person’s heightened budgeting, some individuals do not anticipate the potential for additional fees when buying a used vehicle.

Before you actually purchase the used car of your heart’s desire, it is important to be aware of the total cost: used vehicle price, down payment, interest rate, and monthly payments. However, a WTVM report includes a few other potential fees that the Georgia MEA Federal Credit Union warns consumers against. Some of these extra costs may include dealer preparation, documentation, delivery, extended warranties and gap insurance.

Based on the article, the National Automobile Dealers Association anticipates the purchase of over 7 million car and trucks during April and August, particularly since consumers tend to buy vehicles more often during the spring and summer months than other times of the year. Even though the excitement and possible urgency of buying a used car may tempt an individual to make an impulsive and quick buy, it may be worth it to invest a little more time in finding the best financing deal for a used car in addition to the vehicle’s actual price.

If you are thinking of buying a used car in California, please refer to California lemon law attorney Howard Silver’s Consumer’s Guide to Buying a Used Car in California for more information. It is vital that consumers not only save as much money as possible and feel confident in their used car purchase, but that a consumer takes extra care in making sure that the used vehicle they purchase is not a lemon. When consumers have a solid understanding of their rights, they are less likely to be stuck with a lemon vehicle.

March 9, 2010

California DMV Makes it Easier for Consumers to Access Used Car History

California is now one of 31 states to offer the public online access to used car history reports after consumers rallied for DMV report procedures to be more consumer-friendly. In fact, according to a national report from the LA Times website, California residents desiring to purchase a used vehicle can now check the history of the vehicle online for a small fee of $4; a charge significantly less than other car information firms.

The new arrangement, run by the American Association of Motor Vehicle Administrators for the Justice Department, will allow residents to purchase a detailed outline of a used car’s background, including information from insurance companies, auto-body shops, junkyards, and other sources that reveal if a car was stolen or if the odometer was modified. Prior to the new setup, the DMV had an agreement with an outside source, R. I. Polk & Co., who maintained an extensive car history database. However, that agreement gave Polk the right to sell information to the public at its own discretion.

A consumer group, Consumer Action, says the new DMV data reporting system, 18 years in the making, will help shoppers to be more careful when considering a used car and avoid poorly maintained and unsafe vehicles. To have your vehicle assessed, check out http://www.vehiclehistory.gov.

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February 3, 2010

How to Protect Yourself from Buying a Used Lemon Car

A recent U.S. News & World Report article discusses certain “deal breakers” that a consumer should look out for when buying a used car. According to the article, some of the “red flags” that consumers need to pay attention to include frame damage and models that have persistent problems or constantly fall short of quality and functionality standards (a.k.a. a lemon vehicle). The article also mentions that a car with water damage, a missing or altered Vehicle Identification Number (VIN), or a history of being used by police or as a taxi should be avoided when buying a used vehicle. It is also important for a potential car owner to spend time examining a car and to consider having a mechanic conduct a pre-purchase inspection.

In comparing purchasing a car to getting married, the report acknowledges that the process of buying a used car, and the subsequent use and care of that vehicle, involves legal, financial, and time commitments. Although many consumers rely on vehicle history reports when deciding whether or not to buy a particular car, if a previous owner did not report an accident to the police or their insurance, then it is not going to be on the history report. As a consequence, a vehicle could be damaged even if that does not appear to be the case.

While discovering that your used car has more problems than you were initially led to believe is not a pleasant experience, fortunately, consumers are protected when adversely affected by used car fraud, unfair business practices, or a lemon vehicle. For more information about how you may be able to receive a full refund or replacement vehicle, contact attorney Howard D. Silver. Call 866-49-LEMON today for a free consultation. You can also refer to Howard D. Silver’s Consumer’s Guide to Buying a Used Car in California for additional information.

Source article: http://usnews.rankingsandreviews.com/cars-trucks/The-Worst-Used-Cars-You-Can-Buy/