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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

 

 

You will be given a paper detailing the warranty. Read it carefully and be sure that you understand what is and what is not covered. Have the seller write down the exceptions. The warranty should be signed by the dealership's management.

 

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