(ARA) – The approach of summer means just one thing to car buyers – the opportunity to score a great deal, especially on some used vehicles that dealers are motivated to move out of their inventory as 2010 really gets rolling.

Bargains can be hot at this time of year for those who know how to shop smart for a good used car. With “Cash for Clunkers” a fading memory and Americans still looking to buy used cars rather than investing in new ones that depreciate as soon as you drive them off the lot, the used car market is hotter than ever.

Brian Bossone, one of the creative minds behind SPEED’s popular “Pinks All Out” series, knows a lot about used cars. After all, the series features common folks who buy and build or rebuild their own race cars to compete in the popular drag racing show. Bossone offers a few tips to help you ensure you’re buying the used car of your dreams, rather than the lemon of the year.

Here are the top items you should inspect when buying a used car:

1. Look for paint and body repair. Evidence of body work could mean the car has been in an accident.

2. Check for fluid leaks. Any leaking fluid, from oil to windshield washer, could mean the car needs a costly repair.

3. Look at the engine. Does it sound smooth or rough? Does it smoke excessively?

4. Evaluate the overall wear and tear on all parts of the vehicle. Is the wear commensurate with the age and mileage on the vehicle?

5. Has the car been driven by someone who smoked in it? Transported pets or small children in it? All those things can leave odors behind in the vehicle – smells you might have to live with or go to great lengths to eliminate as the new owner.

6. What was the primary usage of the vehicle and are most of its miles highway or local driving?

7. Are all accessories in working order? The sunroof is great … unless the motor to open it doesn’t work.

8. How is the drivability? Do the brakes squeak? Does something in the passenger cabin rattle? Does the steering vibrate?

Avoid common mistakes, like buying on impulse without researching simple things like the resale value of the vehicle compared to similar makes and models, available vehicle history reports that list accidents and other issues and price comparisons with multiple sellers or online sites.

Be sure to ask for an inspection by a qualified source and request copies of vehicle maintenance records. Check online feedback on vehicle-specific forums for actual owner opinions and comments on common issues.

While local newspapers and neighborhood used-car lots can be great resources for finding good used vehicles, don’t overlook online ones as well, Bossone advises. Craigslist.org, Racingjunk.com, eBay.com and Autotrader.com can also yield quality used vehicles.

Finally, when you think you’re ready to buy, take the car to a mechanic you trust and ask him/her some key questions, including:

* Will this vehicle pass local or state inspection?
* Do you see any signs of paint repair, accidents or frame damage?
* Have you ever worked on this type of vehicle and are you aware of any trends toward excessive repairs for this make and model?
* Would you buy this vehicle if you were in the market for one and if not, what would deter you?

“Used cars continue to be a great deal for value-minded buyers, and with a little smart preparation, you can be sure your ‘new’ used vehicle gives you many years and miles of good service,” Bossone says.

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• Advantages and Disadvantages of Buying Used Cars (0)

1- A used car can cost you less than a new car. This is because the market value of a used car usually is 30 per cent less than the new car in just three years. This reduction is price is, however, calculated on the depreciation value.

2 – While you need to pay for high insurance fees if you buy a new car, the insurance fees are generally significantly less for used cards. Hence, you can save a lot of money.

3- If your appearance and mileage are your priorities for buying a car, then used cars score over new cars as they have proven performance records to rely on. Mileage for a used car, for example, can be consistent for the next couple of years.

4- A used car would help you save money substantially in terms of gradual investments. Usually, a new car would require you to spend consistently on several aspects. However, a used car won’t need any investment which helps you to spend money on car accessories such as Air Conditioning.

Disadvantage of Buying a Used Car:

1-For a starter, it is difficult to negotiate a fair finance terms on a used car. Usually, many people end up paying more than the used car deserves.

2- It is a risk to buy a used car as you have no idea how the car has been treated by its pervious owners. Some important consumables such as clutch, tires, filters, hoses, and fans may have been worn off as a result of maltreatment of the car.

3- You would get low trade-in value with a used car where new cars have relatively higher trade-in values.

4- A shorter warranty is one of the potential disadvantages with used cars. Unlike new cars which are covered by insurance and protected with long-term warranties, used cars are barely left with warranty only a couple of months. This often leads to high maintenance cost.

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