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 Used Cars
  Massachusetts.com
 
 
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September 07, 2008
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   Welcome to Used Cars Massachusetts.com

 

 
Did You Know?    
 
 
Covering Full Cost Of Both Parts And Labor
Each contract entered into by a dealer for the sale to a consumer of a used motor vehicle which has a cash purchase price of three thousand dollars or more but less than five thousand dollars shall include an express warranty covering the full cost of both parts and labor that the vehicle is mechanically operational and sound and will remain so for at least thirty days or one thousand five hundred miles of operation whichever period ends first in the absence of damage resulting from an automobile accident or from misuse of the vehicle by the consumer.

 

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.

Advertiser Links For: Used-Cars [ what's this? ]

Click here to contact a Used Car Dealer in your area

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 Massachusetts Used Cars Dealer Now

 
Massachusetts 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
 
 
Massachusetts External Sites    
 
 

MGL - Chapter 90, Section 7N.25
GENERAL LAWS OF MASSACHUSETTS ... If a motor vehicle is found by state-certified, used car arbitration to have met the standards set forth by this se
Office of Consumer Affairs and Business Regulation
Buy from a Massachusetts used car dealer and remember that Massachusetts consumers are protected by the Massachusetts Lemon Law (MGLc90§7N1/2). ...

 


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   Used Cars Terms

 


Today's Terms

Lemon laws

Definition:
State laws that provide remedies to consumers for vehicles that repeatedly fail to meet certain standards of quality and performance. Lemon laws vary by state and may not cover leased vehicles.

Gap amount

Definition:
In the event a leased vehicle is stolen or totaled the difference between the early termination payoff amount not including any past-due amounts and the amount for which the vehicle is insured before the insurance deductible and any other policy deductions are subtracted.

Federal Trade Commission

Definition:
The federal agency responsible for enforcing the Truth in Lending Act of which the Consumer Leasing Act is part among leasing companies finance companies lessors and assignees not regulated by other federal agencies.

More Terms >

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  Hot Topics

 


Topics Related to Used Cars:

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


      Local City Help

     
    If you live in the following cities and need Used Cars you should contact us as soon as possible:

    • Amherst
    • Attleboro
    • Beverly
    • Boston
    • Brighton
    • Brockton
    • Chelsea
    • Everett
    • Fitchburg
    • Framingham
    • Holyoke
    • Lawrence
    • Leominster
    • Lynn
    • Malden
    • Marlborough
    • Medford
    • Methuen
    • New Bedford
    • Peabody
    • Pittsfield
    • Plymouth
    • Quincy
    • Revere
    • Salem
    • Taunton
    • Westfield
    • Woburn
     


    Legal Disclaimers
    The information provided on Used Cars Massachusetts.com is not intended to be Used Cars advice, but merely conveys general information related to Used Cars issues commonly encountered.

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