Generation Debt by Carmen Wong Ulrich

Author:Carmen Wong Ulrich [ULRICH, CARMEN WONG]
Language: eng
Format: epub
ISBN: 9780446556873
Publisher: Grand Central Publishing
Published: 2009-02-28T00:00:00+00:00

Buying a used car (that isn’t certified pre-owned) from a dealership usually involves a service program or “after-market” warranty from the dealer, not the manufacturer. Because inspections are done to make the car suitable for sale under the dealer’s name, expect the cost to be higher than what you’d pay if you bought the car from a private party. However, what you’re paying for is peace of mind and service. It’s up to you to decide if it’s worth it.

Online car buying continues to become a more and more popular option—it gives you access to hundreds of cars (from individuals and dealers) that you might not see otherwise. Of course, buying a car from outside a dealership comes with risk, but there are sites that have been vetted and have good records for self-policing such as Cars.com, Kelley Blue Book Classifieds (kbb.com), and even eBay.

No matter if you find the car you want online or via the local classified paper, or you see it driving down the highway with its price written in soap on the window, buying from an individual can be risky—you’re getting the car as is.

However, if you follow a few tight rules, you can be more confident with your purchase. A thorough run-through makes the seller know that you mean business.

On the phone, before seeing the car:

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