Online Loans, Bank, Bad Credit, Debt Consolidation and Financial Sites Reviews - E Loan - Mortgage - LendingTree - Quicken - Countrywide ...
 Help us find the Best Lending, Debt Consolidation, Payday, & Credit Repair Site for you. Thursday, August 28 2008 @ 02:21 PM Eastern Daylight Time  
Home |  List Reviews |  Advanced Search |  Directory |  Link Partners |  Polls |  Forum |  Site Index |  Add Site to Favorites
Topics
Home
General News (20/0)
Articles (22/0)
Tips (1/0)
Disclaimer (1/0)
Privacy Policy (1/0)
About Us (1/0)

Resources
Forum
Glossary
Polls
Reviews

Reviews
All Loan & Credit Sites

CitiFinancial
FirstAgain
GetLower.com
ING DIRECT
Lexington Law Firm
LowerMyBills
Quik Payday
Veracity Credit Repair
WeGiveCash.com


Credit Repair Sites

Lexington Law Firm
Veracity Credit Repair


Debt Consolidation

CitiFinancial
LowerMyBills


Home Equity Loans

CitiFinancial
GetLower.com
LowerMyBills


Mortgages

GetLower.com
ING DIRECT
LowerMyBills


Payday/Cash Advance Loans

LowerMyBills
Quik Payday
WeGiveCash.com


Personal Loans

CitiFinancial
FirstAgain
LowerMyBills


Vehicle Loans

FirstAgain


Click for the Top Ten.

User Functions
Username:

Password:

Don't have an account yet? Sign up as a New User


The Perils Of Buying And Financing A Used Car   
Thursday, May 11 2006 @ 03:28 PM Eastern Daylight Time
Contributed by: Admin

Articles

Whenever a person buys or leases a car, he seeks ways to finance this move. Most auto financing involves a car loan, which entails a detailed check on his credit history and a tough interview about car finance. When he undergoes all these to buy a used car, it is only fair that he also performs his own investigations about the car he is going to buy. In fact, he should never consider buying a used car, which history has not been checked. If he does, he may just end up paying for a piece of junk.

A used car must be checked for its title, registration, odometer, and the problems that it had weathered before it reached your eyes. A “title check” will determine if the car is salvaged, flooded or rebuilt. For example, many cars were destroyed during the 9 -11 World Trade tragedy. Many cars, too, were damaged during the hurricanes and floods. These cars were salvaged by enterprising people. The cars will be rebuilt and sold again at car auctions. A title check will also discover if the used car has lemon history.

A “registration check” will determine if the used car has been used as a fleet car, or as a taxi, or even as a police car. If the used car has been utilized in any of these, then it is safe to say that within a given period of time, this particular used car has covered more miles than the average privately used car. A registration check will also reveal if the used car was ever rented or leased.

The car’s odometer is an instrument used to measure the distance traveled by a vehicle. An “odometer check” will show if the odometer has been broken or fraud. It will also show if it has been rolled back or rolled over. If the odometer has been tampered, this does not bode well for the next owner of the used car. The car may be older than what the dealer is telling you. Or it may have mileage problems.

A “problem check” will determine if the used car has sustained fire damage or an explosion. It will also show if it has been involved in a major accident. The fire or accident may have inflicted a still undetected damage on the used car. It is also quite creepy to use a car that has cradled dead bodies before. A problem check will reveal if the car has been stolen. A car that has been stolen may no longer have all its original parts.

A used car may give you more problems than you can manage. But not all used cars are damaged, leased or stolen. This is why there are still many people who take out car loans to buy a used car. To be safe, the potential buyer must order a vehicle history report.

About The Author

Peter Garant is writing articles about bad credit for his credit repair kits blog http://creditrepairkits.blogspot.com/ and articles about car loans for his family finance site http://www.halds.com/category/car-loans/.

   
   [ Views:: 447 ]  


The Perils Of Buying And Financing A Used Car | 0 comments | Create New Account
The following comments are owned by whomever posted them. This site is not responsible for what they say.
What's Related
  • http://creditrepairkits...
  • http://www.halds.com/ca...
  • More by Admin
  • More from Articles

  • Story Options
  • Mail Story to a Friend
  • Printable Story Format


  • Created this page in 0.41 seconds


    Copyright © 2004-2007 Loan Sites Reviews
    All trademarks and copyrights on this page are owned by their respective owners.

    Best viewed on 1024*768

    Powered By