Quote:
Originally Posted by ken0042
To start with- as you say your auction car only ran for a couple of years before it was junked. And that was with your own car that you planned on keeping.
Unlike a house; there is no implied warranty on a used car. I'm not a mechanic, but I know of a few tricks I could pull to mask problems with a used car. I imagine somebody who does this for money would know of even more.
If I flip a house and my shoddy electrical work causes a fire; the new owner can sue me. If I flip a car and hide a blown head gasket; the buyer is on the hook.
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Interesting. I didn't no the part about no implied warranty. I know with real estate you have to disclose any known defects. It's obviously very sleazy to sell cars that have been written off without disclosing it, but I kind of figured a car proof type report would cover you on stuff like that. I suppose mechanical condition would be a different story.
The car I bought at auction was a university car I paid ~500 for. Any reasonable person would only expect it to last a few years. But there was actually nothing wrong with it when I junked it, I just upgraded to a new vehicle and figured the hassle wasn't worth the $300 bucks I could get for it by selling, compared to the tax deduction.