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	The Vehicle Identification Number If the seller cannot provide a detailed vehicle history report you can use the 17-digit vehicle identification number VIN to secure a history from either the state or a private vehicle history company. These companies have compiled data from multiple sources to help you get a better picture of the car's past. You can search the web to find the companies providing this service by looking under the topic of ""vehicle history.

Very nearly two out of every three cars sold are used cars. Many consumers, especially teenagers, cannot afford to buy a new car when the average price is approximately $18,000. The cost of insurance is much higher for a new car, increasing the demand for used cars. The supply of used cars has increased due to the number of two and three-year-old lease cars available.

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There are real advantages to buying a used car. The buyer of a used car avoids some of the depreciation costs, which can be up to 40% of its value in the first two years. Sometimes, buyers can afford more options and luxury items when they purchase a used car.

Buying a used car is an important financial decision. Generally, the price of a used car is determined by who is selling it. So, it is smart to gather information before you buy, such as knowing what you can afford, then carefully exploring financial arrangements as you negotiate the best deal.

Where To Buy A Used Car

Dealerships account for approximately 50% of the used cars sold annually. Dealers usually have a good supply of late model used cars, so they offer a selection in top condition. These vehicles often carry the balance of the manufacturers warranty and some dealers offer their own warranties. In addition, dealers have service capacities, provide financing services, and take care of vehicle registration and license forms.

Independent Lots offer a variety of cars, from excellent and expensive to well-worn clunkers. Usually, car lots have no service facilities, but they may work with a local garage. If they offer warranties, the local mechanic will perform warranty repairs. Independent lots often offer financing but their finance rates are usually higher than at banks or credit unions.

The Federal Trade Commission's Used Car Rule requires dealers to display prominently and conspicuously a warranty notice called a Buyer's Guide sticker on all used cars (but not trucks). The Buyer's Guide must state whether the vehicle has a warranty or is being sold "as is."

Below are some terms related to used cars:

• Dealership
• Independent Used Car Lot
• Warranties
• Odometer Tampering
• Buyer's Order
• Financing
• Vehicle Identification Number

Click here if you or someone you know is in the market for a used car and need to contact a DC Used Cars Dealer Now

DC Audio & Video         Watch Out For Flood-Damaged Used Cars Audio, RM, 44Kbps, 4:05, 9/27/2005 Madeleine Brand speaks with personal finance contributor Michelle Singletary about ways to avoid buying a flood-damaged used car. In the wake of extensive hurricane damage on the Gulf Coast, thousands of compromised vehicles could be on the used car market soon. Source: National Public Radio

DC External Sites         Used Car Dealers Sweeping New York City Borough, FTC Surveys Used Car Dealers for Required ... Copies of the consumer publication, "Buying a Used Car," and