| If
You Know Their Rules ...
You Can Play Their Games
Be
advised that if the future buyer of your car should discover
that the mileage at the time you sold it to the dealer was
wrong, you, not the dealer can be sued. So fill in all the
blanks before you sign.
New- Vehicle, Mileage
The seller is obliged to provide you with a mileage statement.
It should be the same as on the odometer.
Used-Vehic6e Mileage (Used-Car Purchase Only)
The seller is obliged to give you a copy of the mileage statement
signed by the previous owner. If there is no mileage statement,
don't buy the car.
Power of Attorney
The dealer will need power of attorney in order to change
the title on both your new car and the one you're trading
in. If you have signed the buyer's order, you can sign these
forms without their being filled in. However, if you want
to be totally secure, ask that the forms be filled in before
you sign.
Finance
Contracts
If you decide to finance your car through the dealership,
your buyer's order will be replaced with a finance contract.
This contract will have so much fine print that it would take
a couple of hours to read it. Most of the fine print is boiler
plate that is dictated by law. The key things you want to
check against your buyer's order are:
l. Is the VIN number the same on the buyer's order and finance
contract?
2. Is the figure for the amount you intend to finance the
same on both?
3. Look at the finance charges and be sure that they are as
agreed. This section will also contain any other charges that
you may have agreed to such as insurance.
4. Is the annual percentage rate as agreed?
5. Look at the amount and number of payments. Be sure that
they reflect the total number of months you have agreed to
pay and that the dealer has not tried to slip in some extra
payments.
Warranty agreements
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