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What are the risks associated with buying a used car?
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The risks associated with buying a used car include the possibility that the vehicle may have mechanical issues, hidden damage, safety concerns, or unresolved recalls. Purchasing a used car without conducting a thorough inspection puts you at risk of buying a lemon, or one with higher maintenance costs than expected. Additionally, the history of the car, such as prior owners and accidents, may be unknown and difficult to track down if the title is not in your name. Researching the car's history can help to uncover any potential problems and can provide an understanding of the true value of the car.