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You have to make the right choices when you purchase a car. It is a big investment and also is a recurring expense. If you purchase the car using a loan, then you must pay the interests. Other expenses that will keep occurring are the fuel expenses, maintenance etc. When you do such a big investment it is only right that you think everything twice before you take the plunge. There are a few things which we should be looking at when we purchase a used car.
Choosing The Car
This is the first step. Buy the car that will suit your use and budget. Do a thorough research online as to what car will suit you best and what will fit into our budget. Select the one that fits both. A lot of options are available in the market and you will surely get one that is perfect for you. Once you have finalized the car and ready to buy a Revs Check Report which will give you a lot of details and prepare you when talking to the seller.
Choosing The Finance
Easy and convenient finance will be offered by many. They will mostly be costly for you. Search around for the options available. Check at a few places. Get quotes online. There are many who are willing to finance a used car. Get all the details before you visit the dealer.
Choosing The Seller
Buying from an unlicensed dealer is risky. Buying from a private seller is also risky to an extent but will prove cheaper than buying from a dealer. Dealers will sell at a higher price, but you get benefits for that. Dealers are supposed to give you a cooling off period of one day after you have made the decision for any change of mind. They are also expected to give you a statutory warranty if the vehicle has run less than 160,000 km and lesser than 10 years old. The warranty will be for three months or 5000 km which is earlier. Please make sure that the vehicle is physically available and meets all your requirements.
Get An Inspection Done
Get an inspection done by one of your mechanics. Ensure that the contract has a provision in it that says you won’t accept the car if it doesn’t pass the inspection. No amount of safety certificate or statutory warranty will equal the effectiveness of an independent inspection.
Protect Yourself
Don’t accept anything unless it is written down as a contract. Only what is in writing can be enforced. Please do a PPSR check before you sign the contract if you are buying the vehicle privately. This will protect you from falling into a trap. You could be buying a car which is collateral for an unpaid loan. If the lenders come, you will have to let go of the car.
You could also be sold a stolen or written off car. You can check all these in the PPSR report. Get the PPSR certificate in hand. This is a legal document. Visit www.carsite,co.uk for more second hand used cars.
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