SolveYourProblem eLearning Series:
Got Shafted?
Fight Back if Your Car is a Lemon!
( 27 pages )
Avoid a Lemon: Car Buying
Checklist
Check
out this list before you buy your next car:
• Dealers
are not licensed insurance agents. Don't buy
credit life or disability insurance from a dealer. If
you think you need it, talk to your own licensed insurance
agent.
• You
should always be wary of extra warranties. All
new cars now have a 100 percent bumper-to-bumper warranty
included in them form the manufacturer. You can buy a
used car warranty after the original warranty runs out
if you want to and if you still have the car. Most warranties
have at least a 50 percent markup and all of them are
negotiable.
• Leasing
is not for everyone. Once you sign a lease agreement,
you had better be ready to keep the car for the full
lease period. Otherwise your buyout price is going to
be surprisingly high. I would say avoid all leases because
your income and lifestyle can always change in the future.
• Gap
insurance does cover the money gap between a
totaled car and a replacement car on leases. It is generally
included in most leases. If a dealer offers you this
option at an extra fee, do not take it.
• You
want to get and maintain control through the entire buying
experience. Remember, it's your money being
spent, and you can walk away any time you feel uncomfortable.
Pressure from dealers doesn’t change this.
This
is just a step that you should take before you start buying
a car if it is used or new from a dealership. It could
certainly save you a lot of time and money later. If you
follow the point by point system of buying above, it should
be a great deal easier for you.
Of
course, you could still wind up with a lemon later, and
if this should happen to you, you will have to refer to
the next section as we get started.
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