Is Your Teen Driving Alone for the First Time? Put a GPS Tracking Device Above the Rear Wheel

Author // NPR Car Talk
Posted in // One-owner vehicles, Used cars for sale in tacoma wa, Used cars in tacoma washington

One-owner vehicles

Are you in the market for a new car? Auto industry experts say that an increasing number of American drivers are opting to buy used vehicles that are in good repair. Last year, more than 3.5 million used cars were sold, and the market for used vehicles continues to soar. Parents of teen drivers are much more likely to purchase a used car – new drivers post the highest rates of accidents and are statistically more likely to drive while distracted. Accidents from texting cost insurance companies billions every year. The average car will have two or three owners, and used cars can give you more value for your investment dollars.

If you are planning to buy a used car, talk to your bank first: often, you can obtain a car loan, though banks may be reluctant to finance cars that are more than five years old. Dealers of pre-owned vehicles may be willing to negotiate slightly, but it’s best to pay with cash. If you do contract for a loan, many dealerships can work with damaged credit to ensure that you are able to buy a car. Your interest rate may be a little bit higher, but you may need a car to get back and forth to work, to go shopping, and to transport your children back and forth from school. In some areas of the country, local bus transport is sparse: having a car is an important convenience, and it may be a necessity.

Before you go to a used car dealership, consider the make and model of vehicle that you would like to purchase. In most parts of the country, you can buy a working car for under $5,000. Automatic vehicles may cost more than their manual counterparts, but your local used car dealership wants to see you drive away in a car that you are happy with. It’s a good idea to check a car’s VIN online before you purchase: auto insurance experts say that odometer fraud costs the industry more than $4 billion every year. There are websites that exist to prevent this kind of fraud, and a used car dealership should assist and encourage you in checking your car’s pedigree.

Once you find a used car, be ready to put down at least 20% of the purchase price as a deposit. Your local used car dealership may require 10% to 30% as a deposit in the event that you work with them to get a car loan. In some states, you need to have active car insurance before you can legally purchase a vehicle. You can help your teen by taking them to register their car; some parents also put a GPS device onto their teens’ cars so that they can track their children’s location.

There are always used cars for sale that are in good repair
, but if you shop online you may be missing the chance to get a warranty. Many used car dealerships offer limited warranties for certified, pre-owned vehicles. You may also find that cars offered online are not always in the best condition. It is illegal to lie about the condition of a car for sale, and many states have lemon laws that are designed to protect the consumer. If you shop online and buy directly from the owner, you could be walking into thousands of dollars in repairs.

Used car dealerships can offer their clients the security of knowing that their car has been inspected and repaired. You want to know that you can bring your car back to the dealership if anything breaks, so it really is worth it to spend a little more on a used car. Fraud is so incredibly rampant these days that you could be putting yourself — or your teen driver — at risk if you choose to skip buying from a registered used car dealership.

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