Are you currently living in Melbourne? Are you looking for cheap pre-loved cars? If yes, then this article is for you.
Today, we will teach you how to buy pre-loved cars and how to know if you should buy it or not. A simple guide that you need to follow before and after buying your pre-loved car.
Before you buy a used car
When you start looking for a used car, motorbike or scooter, the range of makes and models can be overwhelming.
When choosing your new vehicle, price in not the only thing that you should consider. You should also consider the safety rating of cars on the Australian market and check on the car’s fuel economy and environmental performance.
Ways to Buy a Used Car
1. Private Sellers
Buying from a private seller can be cheaper than buying from a licensed motor car trader, but it offers less legal protection.
For example, private sellers don’t have any cooling-off periods and the car is not covered by a statutory warranty.
It is your responsibility to check that the car if it’s registered, stolen, has money owing on it, and etc.
Both private sellers and licensed motor car traders advertise online. If you decide to buy a second-hand car online always ensure the registration plate, car identification, and engine numbers.
You can check its status at the VicRoads website just to be sure. Also, inspect the car and take it for a test drive before buying it.
If the vehicle is unregistered, keep a valid receipt of sale from the seller with the seller’s name, address and all vehicle identification details.
3. Rent to Buy
In a rent-to-buy arrangement, you’ll have the option of purchasing the car you are renting. But the money you pay to rent the vehicle does not go towards its purchase price.
It still depends on the rent-to-buy contract. You will only own the vehicle after you finish all your payments and pay fair market value for it.
Rent-to-buy deals may be interesting but it generally targets lower-income earners or those who may have been rejected by a financial institution.
Tips on how to avoid buying a stolen vehicle
We all know that not everything that we see on the internet is true. So before buying a second-hand you must be aware that there are people who are selling stolen cars for a cheap price.
To avoid this kind of incident, avoid sellers who ask for a large portion of the payment in cash or via bank transfer. Also, avoid sellers that offer to bring the car to you and asking for a super cheap price.
Always remember to check the person selling the car if he/she is the owner. Ask for proofs and identifications to prevent troubles.
Are you from Sydney and looking for pre-loved cars? Check this article for easy guide steps on buying second-hand cars.