Industry Tips
Used Car Purchase
Most used cars are sold "as is", which means that the car comes with no guarantees or warranties, implied or otherwise. When you buy a used car "as is", you are agreeing to take the vehicle in its present condition, inheriting any problems that it has.
Since you will probably have no guarantee from the used car dealer when you buy your car, it is extremely important to know as much as you can about the condition of the car before you make the purchase.
Before purchasing a used car, you should always have it inspected by a mechanic. However, there are many things you can check yourself before paying a mechanic to inspect the car, such as the following:
* Exterior: Be sure the body appears even, with no irregular spacing between the body joints. Also check for rust and for signs of brake fluid leakage on the inside of the tires.
*Interior: Check for badly worn carpeting or upholstery, which may be a sign of use. If the seats have covers, look underneath. Turn on the ignition to check the warning lights, and check the brake pedal for free play.
*Engine: Pull out the oil dipstick. If it is dark and dirty, the engine may not have been adequately maintained. Check the hoses and belts for cracks and wear. If the transmission is automatic, check the transmission fluid to see it is dark or has a burned odor.
*Electrical System: Check all electrical accessories, such as the lights, wipers, and horn, one at a time.
*Springs and Shocks: Push down on the front and rear corners of the car. If the car bounces several times, the shock absorbers are worn.
After going through these visual inspections, start the car and take it for a drive. Does the engine make any unusual noises? Does the car idle and accelerate smoothly, or does there seem to be some hesitation?
Drive down a straight and level stretch of road while holding the steering wheel lightly. Does the car consistently pull in one direction?
Also, be sure to pay attention to how the brakes are working. Does the car pull to the left or right while you are braking? Are the brakes responsive or does the car seem to require an unusual amount of time to stop?
If, after your inspection, you are pleased with the car, have a mechanic check the car thoroughly. He may be able to spot problems with the car that you could not detect.
Be sure you read thoroughly any contracts or documents you sign, and be sure any promises the salesperson makes are in writing. If the car is not being sold "as is", what kind of warranty or guarantee is available? Be sure to get these details in writing. And if you are financing the car, be sure you understand the terms before you sign the contract.
Also, if you should have problems making payments later on, contact the dealer or lender holding the note. Do not fall victim to an auto equity. It is a felony in Texas for a person to take your car with the intent to arrange the transfer of the car to another party without the written authorization of the vehicle's lien holder.