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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Apr 09, 1977
Page
5
ABA guidance urges shoppers to consult bank loan departments and the NADA book for loan values and resale data. Prearranging financing can cut the cash price, while selling the current car rather than trading it in may boost proceeds. Used car loans run higher at banks and finance firms, so compare.
A bank officer advises applying for a line of credit to cover a used car's total cost if overdraft checking is available. This could lower interest to about 11.5 percent and provide a clear title. Paying by check gives negotiating leverage and keeps the buyer in control.
A guide warns buyers to distrust odometer rollbacks used by some New Jersey dealers who sold cars as private sales after rolling back miles. It advises checking bodywork, interior wear, engine condition, air filter, and tire tread to judge actual use versus stated mileage.
A compact look at terms used by car dealers in The Used Car Game. Blood bank finance company and Hiawatha appraisal reveal tricks while Dove or goose describe a timid customer. Iron signals a bad car. Monger marks a dealer. Old enough to vote flags aged cars.
The NHTSA proposes stricter odometer disclosure requirements for used car sales under the 1972 Cost Savings Act amendments. Sellers would certify odometer accuracy or explain discrepancies, with both buyer and seller signing. Violations carry civil penalties up to 1000 dollars and criminal penalties up to 50000 dollars or a year in jail.
41 states are expected to consider higher motor fuel levies as highway costs have more than doubled in the past decade. Analysts say not all will raise taxes, but the trend outpaces last year’s three states Connecticut Idaho and Kansas.
Arizona reports a 7.1 percent rise in travel and a 2.9 percent higher traffic fatality rate for 1976. Motorists logged 17 billion miles, with 633 fatal accidents and 737 deaths, while the rate fell slightly to 4.33 per 100 million vehicle miles due to more miles traveled.
Mobil tests a cut-rate Hi Val network in Arizona to challenge independents. The 519 cents per gallon regular price undercuts rivals, with Phoenix and Tucson already hosting a dozen Hi Val outlets and plans to add another dozen in other cities.
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