A used car, a pre-owned vehicle, or asecond hand car, is a vehicle that has previously had one or more retail owners. used cars are sold through a variety of outlets,including franchise and independent car dealers,rental car companies, leasing offices, auctions, and private party sales. Some car retailers offer "no-haggle prices,"certified used cars, and extended service plan or waranties
Used Car history
In 1898, the Empire State Motor Wagon Company in Catskill, New York is one of the very first United States American used car lots.100 Years of the American Auto Millennium Edition, page 18, Copyright 1999 Publications International, Ltd.
The used vehicle market is substantially larger than other large retail sectors, such as the school and office products market ($206 billion in estimated annual sales) and the home improvement market ($291 billion in estimated annual sales.
Vehicle history reports
In the United States, an estimated 34-percent of consumers (in 2006) are buying vehicle history reports for used cars.www.theautochannel.com Vehicle history reports are an inexpensive way to check the track record of any used vehicle. Vehicle history reports provide customers with a detailed record based on the vehicle's serial number (vehicle identification numberVIN). These reports will indicate items of public record, such as vehicle title branding, lemon law buybacks, odometer fraud and recalls. They may indicate minor/moderate collision damage or improper vehicle maintenance. An attempt to identify vehicles which have been previously owned by hire car rental agencies, police and emergency services or taxi fleets is also made. However, consumers should research vehicles carefully, as these reporting services only report the information to which they have access.
In some places the government is a provider of vehicle history - but this is usually a very limited service providing information on just one aspect of the history.
None of the vehicle history reporting services in any of the countries listed above offer the service for free. Several of the services, most notably those in the United Kingdom and the United States, sell reports to dealers and then encourage the dealers to display the reports on their Internet sites. These reports are paid for by the dealer and then offered for free to potential buyers of the vehicle.
In the UK, the DVLA provides information on the registration of vehicles to certain companies for consumer protection and anti-fraud purposes. The information may be added to by companies with details from the police, finance and insurance companies. Such companies are able to provide a car check online service for the public and motor trade...