Buyers should beware of auto recalls

Figuring out car financing is generally the part of buying a car that takes up most of a consumer’s energy. However, new reports suggest that they should also be concerned with any recalls that may have been a part of the car’s past.

Over the past few years, the U.S. auto market has seen a number of recalls, most notably Toyota’s in 2009 and 2010. CBS News reported Wednesday that Chrysler recalled 11,000 vehicles that were built between mid-April and early May this year, citing a manufacturing problem that can cause a malfunction in the steering wheel during a collision.

Buying a new car poses risks such as these, but used-car buyers often do not recognize that they also run these risks, AP reports.

According to a study by the Government Accountability Office, used car dealers may not receive the same recall notifications that franchised dealers get. The study also found that if either of these types of dealers receives a notification, they have no legal requirement to tell the prospective buyer about the issue or make a repair before selling the vehicle.