What to Consider When Buying Second Hand Cars
These days, most buyers choose to invest in second hand cars. There's a lot of fantastic deals available, especially on newer models. After a year, it's estimated a new car loses around 40% of its value. So, opting to buy an almost new, rather than a brand-new car can save you a small fortune.
However, buying a second-hand car isn't as straight forward as it should be. There's a lot of dishonest sellers out there who are simply looking for a quick sale. They won't reveal potential problems in the hope of selling the car for the highest price. There's also potential scammers to watch out for. So, if you're looking to buy a second-hand vehicle, below you'll discover the top things to consider.
Is the seller reliable?
There are two places you can buy a second-hand car. The first, and often the most common option, is a private seller. The second, is a dealership.
Private sellers tend to be the most popular due to the lower prices. However, they're also the riskiest option. After all, when you choose a dealership or a company such as Unbeatable Car, you know they have their reputation to consider. They're in the business of buying and selling cars so they're unlikely to sell you a vehicle that's unfit for the road. A private seller on the other hand could disappear completely after the sale.
Familiarise yourself with common scams
There's a surprising number of second hand car scams you could fall victim to. Therefore, it makes sense to familiarise yourself with the different scams so you know exactly what to avoid.
Just some of the most popular include Cut and Shut, clocking and car imports. Cut and shut cars are basically parts of two different cars which have been written off and then welded together. These scammers actually do a pretty impressive job, making it difficult to tell any work has been done to the vehicle. Car imports are where you'll see an ad online and the seller will tell you the car needs to be imported from a European country. This will cost you a lump sum. Once they receive your import fee, they simply disappear.
Overall, there's so many things to consider when buying a used vehicle. However, the above are two of the most important factors to look into.