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Hello and welcome to another consumer tip, courtesy of your friends in the mortgage lending industry at Canadian Mortgage Finders. The other day I was listening to a speaker talk about the 4 biggest risks North Americans experience.The biggest risk is that of being born. The second biggest risk is getting married, go figure The third biggest risk is having children. And the fourth biggest risk is what I want to share with you on this consumer tip, the 4th biggest risk is buying a used car.
With the freedom of information available on the internet it is pretty easy to get a good idea of what a used car is worth simply by doing a little research.
Long gone are the days that finding the BLACK BOOK VALUE of a car was the exclusive domain of the sales professional.

Now the biggest risk is buying a car that has mechanical problems not apparent to the untrained eye. I came across a relatively new service offered by BCAA that can help. Once you find the car that meets your needs and you feel you are in the ball park price wise you can hire a mechanic from BCAA to go and have a look at the car.
You don't even need to be with them at the time. For a fee of about $150 dollars they will go to the car where ever it is in the Lower Mainland, perform a 143 point visual, instrument and performance inspection and they can even email you a copy of their confidential report. Now it's not a full proof system, but it is fair to say that it will substantially reduce the risk of buying a lemon for less than the cost of a couple of tanks of gas. Thanks for watching and remember we're never too busy to help a friend in need, review their mortgage financing options.