Thursday, February 19, 2009

legal tips for buying a car

Legal Tips For Buying A CarWriten by Kum Martin

When buying a car, one should keep the following things in mind. Firstly, when negotiating the price of the car, be sure to negotiate the price rather than monthly payments. Often the dealer will try to sneak in a higher interest rate or longer contract than you may be aware. Blue book values very greatly, and the actual value of the vehicle could be radically different. Unless you are yourself a mechanic, be sure to have the vehicle thoroughly inspected before purchase. Never assume that the dealer is being candid about the vehicle. He may not even know about a particularly defect. Beware of extras that may be very dear, and are often available elsewhere either cheaper then the dealer is offering or even free.

Extended warranties are one example. They are often pricey and unnecessary as the might duplicate the manufacturers warranty. To find out about manufacturers warranties, contact the manufacturer directly rather than by speaking to your dealer. Doc fees are not required by law, and many dealers gouge their customers here. Legally, the most a dealer can charge for document processing is 5$ before signing the paperwork, make sure you really want the vehicle. There is no cooling off period for car contracts and once you sign for the vehicle, the deal is closed immediately. Check with your local Better Business Bureau to find out if any complaints have been lodged against the dealer. As with buying anything else, it pays to do your homework as best you can.

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