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If you are on a really tight budget, and don’t care too much about the prestige of having a brand new car, purchasing a used car might be the best option for you. Why do we say that might be the better option?
All you have to do is pick up a used car listing to see that brand new cars lose anywhere from 30 to 40 percent of their original price in as little as two years.
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Research Police Records
Do some searching on the web or through your Federal Emergency Management Agency (FEMA) or local police. These agencies will be able to help you track the legal history related to the used car you are trying to purchase. Stolen cars reported to police agencies are tracked for possible resale. Consulting a police agency would save you from potential headache and probable involvement in the sale of illegal or stolen item.
File a Vehicle History Report
The recent hurricanes gave us a new idea of how the business of used cars works in this diverse marketplace.
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Of course, you cannot discount the possibility that the used car you are looking at is not in the best of conditions. Therefore when surveying used cars to purchase consult the following tips.
1. Check the Exterior
The first thing to look at is the overall condition of the car’s body and finish. Look out for paint blotches and poor body fit. Also look for body filler. You may want to use a simple magnet to help you pinpoint suspicious spots. Finding any of these is evidence of a previous car collision. Also look out if the car is newly painted. You may want to inquire why this is so. It may mean a major overhaul due to some extensive damage. Rust is a bad sign of body damage, so is dampness in the trunk.
2. Check Suspension
Go to each corner of the car and push down on them. If the car bounces more than once, you may need to have shocks installed.
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