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When buying new cars, don't trade in a car you owe money on! I get complaints from people who traded in a used car they owed money on to buy a new car, and 2 months later were shocked to hear the new car dealer did not pay off their car loan in 10 days as promised
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Search: Facts for Consumers Buying a Used Car Before you start shopping for a car, you'll need to do some homework
There is a wealth of information about used cars on the Internet: enter "used car" as the key words and you'll find additional information on how to buy a used car, detailed instructions for conducting a pre-purchase inspection, and ads for cars available for sale, among other information
Many of these publications have details on the do's and don'ts of buying a used car
Keep in mind that annual percentage rates usually are higher and loan periods generally are shorter on used cars than on new ones
DEALER SALES Used cars are sold through a variety of outlets: franchise and independent dealers, rental car companies, leasing companies, and used car superstores
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Some dealers are attracting customers with "no-haggle prices, " "factory certified" used cars, and better warranties
Dealers are not required by law to give used car buyers a three-day right to cancel
The Federal Trade Commission's (FTC) Used Car Rule requires dealers to post a Buyers Guide in every used car they offer for sale
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