Deciding whether to buy a new or used car is a difficult decision. Do you splurge on a new car with all the latest bells and whistles? Or save some cash and buy a used car,which may need expensive repairs in the near future? No matter what, you’ll be better off if you do your homework on the vehicle of your choice–especially when it comes to purchasing a used car.
Used cars offer many benefits, including lower price and insurance rates, and none of the fees associated with new cars. However, unlike new cars, sellers are not required to repair any unaddressed recall issues in used cars. According to Carfax, nearly 1 in 5 cars on the road have unfixed recall issues.
Fortunately, there are many resources available to consumers to help them learn about the history of the vehicle they’re interested in buying. Follow these tips to make sure you’re not buying a lemon:
- Research the vehicle’s history: If you’re buying from an individual, ask to see any paperwork regarding the vehicle’s repair history. If you’re working with a dealership, get in touch with the vehicle’s manufacturer for information on recalls if the dealership can’t provide you with adequate information.
- Check on any recalls at the government’s Safer car website. All you need is the vehicle’s VIN number.
- Make use of Carfax’s vehicle history reports to learn more about any car you’re considering buying.
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When buying a used car, however, it’s important to get the facts. While the GROW AMERICA Act is working toward creating laws that will better protect buyers of used cars, those laws are not here yet. It’s up to you as a buyer to do the necessary research to ensure your safety.