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When you first see it, everything seems just too good to be true.
There’s the great CD player, the lush leather interior and
the sharp dashing looks. Best of all, you can afford it. But after
you’ve paid for your pre-loved car, there’s a new dawning. With a stack
of maintenance to do, you find out the car has some serious baggage,
including the outstanding loan of the previous owner. Then the cops turn
up on your doorstep asking a few too many questions. What was once in
your eyes a great buy has now turned into a monster, all because like
many other used car buyers, you didn’t know you needed to get a
comprehensive background check before you bought the car.
Check it Out Before you Buy
When buying a used car, especially from a private sale, you
need to take your rose-coloured glasses off and get a little
street-wise. Get to know what you’re buying through NRMA advice, reviews
and inspections. You’ll avoid having loved and lost (mostly cash) and
avoid a bitter after-taste through a costly mistake.
What’s it Really Worth?
The market price you should be paying for a used car can be
confusing. Do your research so you have the confidence to assess whether
the car you’re shopping for is a bargain or not.
To get a specific valuation on a car, based on its actual
odometer reading, a standalone Valuation Certificate can help you out.
For an average market value on a particular make/model, try SMS
CarValues simply by texting the year, make and model of the car (in that
order) to 197 82583 at a cost of $3 per vehicle request
Finance Owing
While a Licensed Motor Trader (LMT) must guarantee clear
title of a vehicle in their car yard, a private seller does not.
So the implications of not getting a full background check
before you buy privately and not through a dealer, could leave you
feeling ripped off and heart-broken.
If the owner has a secured loan against the car you are
purchasing – guess what? The cAar still belongs to the finance company.
Next there’s a knock at your door and they want to take your car away.
Bye bye car, hello real life drama. To avoid extra baggage in your life,
contact REVS or run a quick check online, to cover yourself you’ll need
to download a REVS certificate . This way, it’s in writing.
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| We are an approved NRMA workshop and
Pre Purchase Inspection Station Phone O2 9389-8224 |
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