Buying a used car is almost as much fun as going to the dentist.
Everyone has dealt with used car salesmen at some point in their life and we are not out to attack the used car industry; however, a warning about avoiding the pitfalls when it comes to purchasing a used car.
The used car industry can be very tricky. Vehicles that have been totaled, flooded, fire-damaged, sold and re-sold several times over, and even stolen have been salvaged, repaired and sold to innocent buyers across the nation. Unfortunately, there is little to no regulation or protection in place from fraudulent resale of potentially dangerous used vehicles.
In 1992, Congress tried to remedy this by passing a law calling for a nationwide database that would give people shopping for cars and trucks information about used vehicles.
The National Motor Vehicle Title Information System is a good idea. In September, a call went out to consumers concerning the Proposed Rules. And we all have until November 21, 2008 to submit written comments. Please do so. This is a case where your government has let you down.
Unfortunately, the Department of Transportation and the Department of Justice have failed to implement the database, putting consumers in danger of compromised unsafe vehicles and safety features such as airbags that don’t work.
The database would allow consumers to instantly check the validity of a vehicle’s title, mileage, and history of theft or damage. The data would have to be reported by insurance companies and junk and salvage yards. Failing to do so, Public Citizen the consumer group, has gone to court to find the federal government in violation of the 1992 law.
It would help consumers who have purchased cars that were under water during Hurricane Katrina, or split in two after hitting a tree, or burned up in a fire, then passed on by unscrupulous people. Read the rest »
