3 important questions to ask before buying a used car. (via CNBCMakeIt)
"If the dealer or seller claims they have inspected the vehicle, ask them where they do that," says Ricart. "It's good to actually see where the technicians are working on the car."
If you're buying online through sites like Craigslist or Ebay, you can always ask the seller if you can take the car to your local mechanic for an inspection, he says. It'll cost about $100 for a full inspection of the engine, brakes and transmission, but it's a good way of making sure the bones of the car are solid.The title shows who owns the car. When you're buying used, both you and the seller will sign it to do a title transfer.
You also want to make sure the seller has paid off the car loan and fully owns it, Ricart says. "Say they have a $12,000 loan on the car. If you're buying the car off them for $6,000, that person is responsible for paying the other $6,000 to the bank to get that title for you," he explains. When buying used, the key is to trust but be aware. "Simply asking the seller to verify things and provide documentation shouldn't cause aggravation on their side," Ricart says. "If they're selling a quality automobile and they're proud of what they're selling, they should be quick to provide you with any information that you ask for."
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