• Whether the vehicle is being sold “as is” or with a warranty
• What percentage of the repair costs a dealer will pay under the warranty
• The major mechanical and electrical systems on the car, including any major problems to watch out for
• To get all promises in writing
• To keep the guide for reference after the sale
• To ask an independent mechanic to inspect the car before purchase
  

• As-is. For all intents and purposes, this car has no warranty.
• Implied Warranty. State laws hold dealers responsible if cars don’t meet reasonable quality standards. Usually this applies to the basic functions of a car. A “warranty of merchantability” promises that the car will do what it’s supposed to – run. Watch in the contract or other written notices if dealers eliminate this implied warranty with “as is” or “with all faults” notations.
• Unexpired Manufacturer’s Warranties. With these, your car is still covered under the original manufacturer warranty.  Ensure you have all the information on what’s covered, expiration date and miles, and necessary paperwork.
• Service Contracts. Providing repair and maintenance for a set time, service contracts are like warranties, but are not included in the price of the car. Consider these carefully, including the service offered and price.
  
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Private Owners

Buying a used car from a private owner may be cheaper. But private sellers are not covered by the Federal Trade Commission’s rules and don’t have to use Buyers Guides. In addition, private sales are usually not covered by the implied warranties given for dealership cars, meaning most used cars will be “as is.”

Prior to making a purchase from a private seller, do your research. Find as much information online about the car’s major systems, and use that information as a shopping tool. In addition, don’t hesitate to have a privately sold car inspected by your mechanic.

No matter if you buy a car from a private seller or dealer, protect yourself by examining the car thoroughly, test driving it under varied road conditions, inspecting the car professionally, and checking the maintenance record. Following these steps can ensure your used car will be a reliable addition to your life, and not a regrettable lemon.

For more information, visit the Federal Trade Commission’s Facts for Used Car Purchases: http://www.ftc.gov/bcp/conline/pubs/autos/usedcar.htm.