Protecting Yourself from Odometer Rollback Fraud

One of the common motor vehicle fraud committed by dealers is the odometer rollback fraud. You will find them rolling back the odometer readings to increase the value of the vehicle. They make the vehicle seem like it has a lower mileage than what the actual reading of the odometer was. Rolling back of odometer is illegal under the U.S. state laws. If you are a victim of odometer rollback fraud, you have a right to sue the dealer and get compensation. A motor vehicle … Read more

Should I Buy an Extended Warranty?

As a general rule, take caution when buying an extended warranty. Most extended warranties may exclude items that are likely to get damaged or broken. Even if an item is covered by an extended warranty, most dishonest companies will find a fake reason to deny your claim. You should also keep in mind that some extended warranties include deductibles, while others limit places where you can take your car for repair. Many car buyers buy extended warranties out of fear of incurring expensive repair costs … Read more

Understanding Used Car Prices

When you are shopping for a used car, there is a probability that you will hear sellers using different pricing terms. To get the best deal, you will need to understand the meaning of these terms that are used for calculating used car prices. Below are some of the main terms that you are likely to hear from sellers. Asking Price The asking price is simple to understand. It is the total amount that the seller asks for his car. You can negotiate downward and … Read more

How to Avoid Flood Damaged Cars

In this era of electrical engines, some cars are vulnerable to flooding compared to others. In fact, even little water inside a car can permanently damage the vehicle’s engine and electrical components. Unfortunately, many people lack the technical knowledge to recognize problems in the car’s engine or other electrical components. This is what gives sellers of flood damaged cars an edge over ignorant vehicle buyers. They know that electrical components or engine problems are easier to conceal than exterior damage. It is easy to spot … Read more

Identifying Hidden Car Buying Fees

The true cost of buying a car goes beyond the asking price, retail price or the agreeable monthly payment. There are several hidden costs that you will need to be aware of, which count towards the true cost of owning a new car. To ensure that the used or new car you choose provides maximum value and fits your budget, you will need to consider all the hidden costs. Some of these hidden car buying fees have been explained below. Financing Charges When you are … Read more