Buying used cars for sale Melbourne areas – what you need to know when buying privately
Buying used cars for sale Melbourne areas can mean you get a great deal buying from a private seller. New cars depreciate substantially as soon as you drive them off the dealer’s lot. Buying from a used car dealer means they are more expensive because they need to make a profit to pay their overheads. But there are things you should know when buying privately to protect you from buying a lemon.
Remember when buying a used car from a private seller there is no cooling off period if you change your mind. Also, private sellers do not have to provide a statutory warranty so you need to check a vehicle out before deciding to buy it.
There are literally thousands of cars for sale in Melbourne areas from private sellers. Here are some tips to help you make a good choice.
Do your research
It is important to research the vehicles that interest you to find out fair market value and whether it suits your lifestyle:
· Check out consumer guides.
· Check out the Consumer Affairs website for advice.
· Read reviews for new and used cars
Check the history
When buying used cars in Victoria, check out the history of any car that interests you. Buying from a private seller can be risky so it is up to you to protect yourself. Start by:
· Doing a registration check using the VicRoads website. Simply enter the registration number or VIN to find out if there are any problems flagged and whether the vehicle is currently registered.
· Check the Personal Properties Securities Register (PPSR). For a small fee a PPSR search will let you know whether:
· there are any outstanding debts on the vehicle
· it has ever been stolen
· the car has been involved in a major accident or written off
· the vehicle’s details match the car you are looking to buy.
· Do a pre purchase inspection to ensure it no problems. Use independent experts such as the RACV or Red Book for comprehensive inspection reports.
· Taking it for a test drive.
Do not overlook safety
Older vehicles can have safety issues so check the safety rating before you decide to buy. Check out ANCAP safety ratings or the RACV for the vehicle you want to buy second-hand. This will give you peace of mind.
How to avoid buying stolen cars for sale in Victoria
When a vehicle seems to be too good to be true, chances are it could be stolen. Things to be wary of include:
· The price is too cheap
· the seller wants cash
· the seller wants to bring the car to you or does not go inside the house or waits outside at the address they give you.
Other ways to protect yourself
Always ask the seller to prove they are the owner of the car they are selling. Make sure you see a copy of their identification and registration papers.
Also ask about the vehicle’s servicing history to make sure it has been kept in good condition.
Once you decide the vehicle is what you want it is time to pay for it. Make sure the seller gives you the:
· transfer of registration filled in and signed
· original of the roadworthy certificate dated within 30 days of the sale
· a receipt for the purchase that includes:
· the make, model, VIN, registration and engine numbers
· seller’s name, address and signature
· your name and contact details.
By using this advice you can safely buy used cars for sale Melbourne areas. And do not forget you only have 14 days to transfer vehicle ownership into your name with VicRoads.