How to Avoid Used Car Sales Fraud
Because a new car comes with high sticker prices and hidden costs like depreciation, it is tempting to save money by getting a used car instead. However, there are pitfalls to look out for when buying a used car, such as fraud. These simple steps will help you avoid being ripped off.
- Check out more than one car at a time. Visit more than one dealership or private seller and get a feel of how much they are all charging.
- Study the fair market value price for the prospective vehicle you are considering. Visit the Kelly Blue Book website, Yahoo Autos, Edmunds.com and AOL Auto, and check their price estimates for the make and model of the car in question.
- Sit in the car and let it run idle for 30 minutes to an hour. This will give the car time to warm up completely. This is important in the event that the car's computer has been reset by the seller, preventing you from seeing problems such as the check engine light turning on, for example. Waiting this amount of time should be long enough for the computer to bring the check engine light back on if this is a problem with the vehicle.
- Check the car's accident records. Write down the VIN number and search for information on websites such as Carfax.com. Look for any discrepancies in mileage information, as well as any maintenance issues or accident information.
- Take the car to a mechanic to have it looked over, or have the seller take it to a trusted mechanic.
- Take cashier's checks only if you are the person selling the car. Never take personal checks. Make sure that the cashier's check clears the issuing bank before you sign over the title.