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Used car pricing reports typically produce three forms of the pricing information. Dealer or retail price is the price expected to pay if buying from a licensed new-car or used-car dealer. Dealer trade-in price or wholesale price is the price a shopper should expect to receive from a dealer if trading in a car.
A pre-purchase inspection is an independent, third-party professional service that evaluates a vehicle’s condition before a purchase offer is made.Consumer protection organizations such as the Federal Trade Commission, [1] the American Bar Association, [2] insurance companies, and states recommend an independent pre-purchase inspection.
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Example checklist. While the check sheets discussed above are all for capturing and categorizing observations, the checklist is intended as a mistake-proofing aid when carrying out multi-step procedures, particularly during the checking and finishing of process outputs. This type of check sheet consists of the following:
Possession of an up-to-date VT20 test certificate is a pre-requisite for obtaining vehicle excise duty, and advertisements for used cars frequently say how many months are left to run on the current MOT (i.e., VT20 certificate; although the VT20 points out that it does not, in any way, guarantee road-worthiness at the time of sale).
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A PMCS check is required before, during, and after a piece of equipment or vehicle is used. Checks are also done at weekly, monthly, semi-annual, annual, or bi-annual intervals, depending on the specific part. [1] Doing a PMCS check every time equipment is used may reduce the number of failures.
An inspection sticker from the Commonwealth of Massachusetts A Warrant of Fitness certificate issued to vehicles in New Zealand. Vehicle inspection is a procedure mandated by national or subnational governments in many countries, in which a vehicle is inspected to ensure that it conforms to regulations governing safety, emissions, or both.