Some dealerships selling Used Vehicles in Tacoma Washington provide financing to consumers with a troubled credit history. This doesn’t mean the cars they sell are in questionable condition. Instead, the financing has higher interest rates than would be the case for buyers with good or excellent credit. This protects the lender since consumers with fair to poor credit are at greater risk of defaulting on the loan.
Inspection
If the consumer looking to buy a used car does not know how to inspect vehicles for problems, it’s helpful to bring along someone who does. In addition, having an independent mechanic check over the vehicle is a good idea. This is strongly encouraged by the federal government’s consumer guide to buying used cars. Nobody should buy a vehicle without taking it for a test drive first, and that drive should include hilly terrain if possible.
Expectations
Dealers of Used Vehicles in Tacoma Washington commonly have cars and pickup trucks repaired if there are any obvious issues that could cause trouble for the new owner. They are unlikely to sell a car with squealing brakes or one that is leaking noticeable amounts of power steering fluid. However, the dealer may not be expected to replace an exhaust system that could last for another 3,000 miles.
Financing
Dealerships specializing in pre-owned vehicles and providing financing to buyers with fair or even poor credit commonly have inexpensive cars on the lot. Those cars may be older than average and typically have more than 100,000 miles. Nevertheless, the vehicles should still be very reliable and provide a good option for someone who would otherwise have trouble buying a car. Click here to check out a dealership like this.
Regulations
The person may be able to find a passenger vehicle somewhat cheaper from an independent seller, but government regulations do not require disclosures of problems. The current owner can easily claim he or she was unaware of any issues, and the buyer will not be able to prove their statement is untrue. In contrast, used car dealers must follow consumer regulations or take the chance of receiving a very hefty fine.
