The pandemic’s shortage of computer chips is not expected to end anytime soon, and it is impacting the production of new cars and trucks. As a result, the used car market is hotter than ever. But sometimes used cars can have problems. Consumer reportsAuto experts share some tips to help you determine if a used vehicle is good value or a potential problem.
First, do your research on current prices and offers on multiple models to increase the chances of finding what you want.
Also, don’t be tempted to rush into a purchase when you find the used car you’re looking for cheaply. Consumption reports said if it sounds too good to be true, maybe it is a lemon!
When buying a car, check for open recalls at nhtsa.gov/recalls. You can also get a vehicle history report, but the best way to make sure a car is roadworthy is to have it inspected by an independent mechanic before purchasing it.
If you buy a lemon from a dealer, Texas Lemon Law will help you. But if you buy a lemon from a private seller, you will have less protection. Consumption reports says trying to get as many guarantees on the condition of the vehicle in writing in case you end up in court.
But here’s the good news if you’re trading in your old car: This surge in used car prices means dealers are trying to buy as many used cars as possible to meet customer demand. Dealers are more likely to find vehicles less than five years old, with particularly high resale prices for trucks and SUVs.