If you have Questions, we have answers. At Car FAQs, you can view our list of common questions or answers, or post your own car related question. Our editors, or a friendly visitor, will get your Car FAQs answered.
April 17th, 2008 at 06:53am By Mike Lambert
Under Buying Used Cars
What it is
I’ve been hearing more and more about this type of dealer scam lately. They get a potential buyer with bad credit, tell them that they have good credit, and offer them a low rate (pending loan approval). The customer drives off the lot with their new car thinking they got a good deal. The phone call comes in a couple of weeks that the rate has now increased, because they didn’t qualify for the low rate.
How to avoid it
The best way to avoid this kind of scam is to get your car loan in advance. Try your bank, or credit union first. Many dealerships would not pull this scam, but there are some out there, so you have to be careful. If the dealer wants you to drive off the lot without a final price and APR, you are at a great risk of this happening to you. Walk away now.
What if it happened
You should contact your state’s Attorney General, and explain the situation to them. You can then report the dealer to the Better Business Bureau. If the rate is high, you can also try to refinance your car through a reputable website.
Popularity: 6% [?]
Share This
del.icio.us Digg Technorati
December 19th, 2007 at 09:30am By Mike Lambert
Under Car FAQ
If you have bad credit, you can still get auto finacing. Getting this finacing will not only get you a new or used car, but it will also begin the process of improving your credit.
AutoFinancing.net specializes in providing finacing to buyers with bad, or no credit. With a nationwide network of dealers ready to take care of you, it’s a great FREE service that can help you out.
Apply Now
Popularity: 18% [?]
Share This
del.icio.us Digg Technorati
August 23rd, 2007 at 10:49pm By Mike Lambert
Under Car FAQ: Car History: CarFax: VIN Search
Lemon Check - Is the car a Lemon.
Record Check - How many records are in the CarFax Database.
Recalls - What recalls are there from the manufacturer.
While the above information can be interesting, it doesn’t really tell you everything you need to know. You are better off running a full CarFax to determine if there are any issues.
Popularity: 59% [?]
Share This
del.icio.us Digg Technorati
August 23rd, 2007 at 10:45pm By Mike Lambert
Under Car FAQ: Car History: CarFax
CARFAX is unable to provide vehicle history information for vehicles manufactured prior to 1981, because there were no vehicle identification numbers on vehicles prior to 1981. Since the VIN is the key to creating Vehicle History Reports, it is nearly impossible to produce accurate and reliable information on a vehicle’s history. You can contact vehicle-specific clubs or groups focused on older vehicles, but there is not method as accurate and reliable as using a VIN to track the history of a vehicle.
Popularity: 61% [?]
Share This
del.icio.us Digg Technorati
August 23rd, 2007 at 10:44pm By Dan
Under Car FAQ: Car History: CarFax
There are several avenues of information provided on a CARFAX Vehicle History Report that will help to negotiate a lower price on a used car. One essential piece of information is if the car has been in accident or not. Typically, a seller of a used car might not know or reveal if the used car has been in an accident. By accessing a CARFAX Vehicle History Report and discovering a used vehicle has been in accident, you can use this information as an influential negotiating tool when buying a used vehicle.What is included in the full CARFAX report?
Popularity: 45% [?]
Share This
del.icio.us Digg Technorati
Previous Posts