Buying a car is an important decision. In addition to taking into account the needs to choose, for example, capacity and fuel consumption, it is essential to verify that it is a model with good characteristics, especially if it is used. In that sense, The United States Federal Trade Commission provides some tips for purchasing a second-hand car from a dealership.
The first thing you should know is that buying a used car is a significant financial commitment because The estimated average price of a model of this type is US$28,000, hence you should take the time to go to the dealership and follow the Buyer’s Guide.
All dealers that sell models, both online and in physical stores, They have to show details such as whether the car has any warranty or if it is sold in its current condition (as is, in English).
When you’re convinced it’s the car for you, Do some research on the dealership. Contact your local and state consumer protection agency to see if you have a history of complaints. Also check what their reputation is on the internet.
Before closing the deal, the agency advises you request an independent mechanical inspection with a mechanic you trust.
If everything is in order, then it will be time to ask about payment options and what the details are to close the purchase. But, pay attention to extra costs, for example, insurance or if there is some type of conservation treatment or other optional service that you will need to approve first.
What is the Buyer’s Guide that dealers must put on every car in the United States?
According to the Federal Trade Commission, all dealers are required to create a Buyer’s Guide for each car that they offer for sale. This must be open to anyone interested in purchasing and delivered after the sale. The details you must show are:
- The most important mechanical and electrical systems, including some of the main failures that could occur.
- If the car is sold as is or with any warranty.
- What percentage of the repair costs the dealer will have to pay if they offer a warranty.
- A written contract of all conditions.
- You may request that the Buyer’s Guide be provided in Spanish if the sale is to be conducted in that language.
- The contact information for the dealership, including the means to make a complaint.
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