Buying a used car can be a scary thing. You have to place yours and your family’s safety in the hands of an individual you don’t know. Or you have to trust a used car dealership that is looking out for their interests. Luckily for you there are some steps you can take to give you a sound mind that the car you buy is equally sound.
Below are great tips on protecting yourself when purchasing a used car from lowincomeloansassistance.co.uk
Buying a Car from an Individual
When you buy from an individual you need to check out safety and legal features the government has created to ensure the roads are safe for everyone:
- Check the Owner’s Identity against the registration papers. If the names match, you will at least know it is not stolen by the person selling to you.
- Check the car’s history to see if it has ever been reported stolen. The person you are buying from may be a victim of a swarthy seller before you came along.
- Get a Certificate of Road Worthiness. Although this is a good document to have, it merely indicates the car is fit to drive and it is legal to transfer registration. You still need to perform due diligence to ensure the car is reliable and safe.
- Check the VIN (Vehicle Identity Number) plate that is located in the dash on the driver’s side that is viewable through the window. Get this number and check it online. You should also check the build plate and compliance numbers located under the bonnet on or near the engine. Used these numbers to check the legal and safety history of the car.
Before money passes between you and the seller you should have a professional check the car. If you are a trained mechanic you will know what to look for. If you have a friend who is a mechanic, bring them along with you to inspect the car.
Perform a good visual check before you go for the full-on mechanical check. You can look for some easy give-aways to know if a car is a good buy or not.
Buying from a Dealership
If you are heading to used car dealerships there are some things you should do before you go so you can keep the upper hand when you prepare to make a deal:
- Have a mental idea which car you want and how much you are willing to spend. Go to the dealer’s website to check out their inventory. Research the car you want online to learn:
- Model history
- Vehicle specs
- Read forums to learn about owner experiences
- Check your credit report before you go. A little secret you should know is that dealers check your car payment history and use that to factor your credit score, so your great credit score may not be the same as the score they use.
- A high score for car payments will get you a better offer
- A low or poor repayment history will cost you
- Fix errors on your report before you go
- Keep your bargaining chips close to the vest. Dealers ask you how much you plan to spend and if you have a trade-in so they can steer you to the car they want to sell to you. Don’t give these away until you find the car you want to buy.