Lemons. Everyone has probably heard of that type of car. However, no one wants to get stuck with one. Lemons, either in the form of new or used cars, have significant defects that make them prone to break down. As a result, you might have to pour money and time into frequent repairs. As a result the cost burden of the car outweighs to cost benefits.
Problems with lemons can affect to your bank account, safety and insurance coverage. Rather than trying to live with a lemon, it’s best to avoid buying one in the first place. How is that possible?
1. Research the car you plan to buy
Every vehicle performs differently. Indeed, some cars gain reputations for frequent problems or bad aging records. Such characteristics might cause hassles for both manufacturers and buyers.
Therefore, before you buy, read up on the cars you are considering. In some cases, you might wind up changing your mind. Consumer reports and independent research councils provide a lot of resources on the reliability of different cars.
2. Look at the Buyer’s Guide for Warranty Conditions
Have you ever noticed the sticker in the car window at dealerships? It is there for a reason. The law requires dealers to provide specific information about every vehicle. Usually, the buyer’s guide contains important warranty and usage information. As a result, it might tell you if the dealer assumes any responsibility for the condition of the car when you buy it. If they don’t, you might have to assume full responsibility for the vehicle. Talk to your dealer about any warranty conditions.
3. Ask for a Vehicle History
Almost all cars come with a Vehicle Identification Number (VIN). This helps manufacturers, dealers, owners and the authorities keep track of the car. Often, you can use the VIN to request a car’s history report. The report can often tell you of previous incidents of damage, recalls or other hazards in the car. It might indicate risks that the car is a lemon.
4. Have the Car Inspected
Often, you have the opportunity to take the car for an independent inspection before you buy. Furthermore, some dealers allow car returns within a few days of purchase. Therefore, take the car to a reputable mechanic who can do a full inspection. They might be able to find problems in the body, engine or other systems that could signal a lemon.
Owning a lemon doesn’t mean you cannot insure the car, though some companies might refuse to do so. However, since lemons usually require frequent repairs, they often raise your personal risks in the eyes of an insurer. As a result, for your own security, it is usually a good idea to avoid these cars. Failing to do so might cause you to face financial losses on multiple fronts.
As an independent agent, we can help you shop around for Oklahoma City auto insurance for your lemon. Call (405) 373-2977 or fill in an online quote.
