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Sunday, August 16, 2009

Buying a Used Car: How to Tell if It's Been Wrecked

By Rex Curtis Bush, Attorney at Law, Doctor of Jurisprudence

While you can save tons of money purchasing a used car, it's still a scary proposition. Every year we hear stories about people purchasing used cars that have actually been in major collisions. To be honest, it's easy for auto rebuilders to fix these vehicles up and put them back into the circulation. Unfortunately, we're the ones that have to deal with the long term issues.

When an insurance company looks into accidents, one of the first things they assess is whether or not the vehicle is totaled. If they make this judgment, then it means that it would cost more to fix the car than the amount its worth. Once this is set in motion you get a check for the amount, and the vehicle goes to a salvage auction. Unfortunately it could end up returning the market after someone purchases it for cheap and then fixes it.

Even if a car looks new and well kept, you might be surprised to learn that it may have sustained major damage. The title to a vehicle will not always reflect this fact. Here are some things that you can do to keep yourself from being taken for a ride when it comes to buying a used car:

Check the Title- Since not every salvage vehicle has a notation on the title, you have to look at the wording. If you see things like "scrap," "parts only," "unsalvageable," or "un-rebuildable," then you have a vehicle that's been in an accident right in front of you.

You can check the vehicle's title by utilizing the National Motor Vehicle Title Information System (NMVTIS). This database lets you enter a VIN number to instantaneously check the title and odometer reading of an automobile and find out whether it was ever declared a total loss or reported stolen. This government service is available in most states, and more states are continually adding this service. You can visit the NMVTIS website at nmvtis.gov.

Inspect the Vehicle- This is extremely important, and it shouldn't be someone you know. Have a person that is certified in collision repair take on this task for you. They'll be able to give you the telltale signs that could involve a faulty vehicle.

Just Ask- One of the best things you can do is ask the seller if it's been in an accident. Obviously the seller could lie to you, but their reactions will tell you everything. If by chance they are truthful and tell you upfront, then it's important to find out what kind of damage the vehicle has had when it was in an accident.

4. Get a vehicle history report. Two of the most popular services for this purpose are Carfax and AutoCheck. These types of reports can clue you in to important red flags about a vehicle's past. You should, however, be aware that a clean report is no guarantee that a vehicle has never been wrecked. Still, this provides another important piece of information, since there are many problems that are never reported to state licensing agencies.

When it comes to checking out a used car's past, be thorough in researching the vehicle's history before you make a purchase. Document your research and keep a record of your conversations with the prior owner to protect yourself in case you find out later that you've been sold a previously wrecked vehicle. - 21393

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