12/14/2016
Consumer Tips for Purchasing a New Vehicle during the Holidays!!! FYI...
•Before you visit a dealership, research the prices and features that are available for the vehicle you are interested in purchasing.
•Consider getting a car loan from your bank or credit union before you visit the car dealer.
•Have your research and prices with you when you visit a dealership to help you negotiate the price and the features you want.
•If you have a trade-in vehicle, check its value with the NADA (National Automobile Dealers Association) Guide, available on the web at www.nadaguides.com before visiting a dealership.
•If you are trading-in a vehicle, bring your Maryland Certificate of Title and lien release (if applicable).
•If your Maryland Certificate of Title is lost, ask the dealer to apply for a duplicate title on your behalf.
•Bring your insurance information and registration plates if you wish to transfer them to the new vehicle.
•Read every document that you sign. If you do not understand something, ask questions until you do.
•Do not sign any blank papers.
•When purchasing a used vehicle, request to see the prior title. The dealer should have the title in his possession before selling the vehicle.
•There is no 3 day return policy unless the dealer puts it in writing.
•Verbal agreements are difficult to prove, all agreements should be in writing.
•Ask for the history of the vehicle. The dealer may provide a Carfax or Autocheck report or you may want to get one yourself.
•A used vehicle sold by a dealer must be inspected. Ask to see the inspection certificate.
•Remember that the inspection is only for safety and is no guarantee of the vehicle's mechanical soundness. Always test-drive the vehicle. If possible, have your own mechanic look at the vehicle.
•If you trade a vehicle and the dealer is to pay off an existing loan, follow up with your lending institution to make sure they do.
So...when I registered all these holidays purchases it will be smooth sailing for all parties involved.
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