The festive season is around the corner and buying a pre-owned car may be on your wish list for this year. Before you buy a pre-owned car, there are several things you should consider, says Jakkie Olivier, CEO of the Retail Motor Industry Organisation (RMI). “Buying a car is often the second biggest financial commitment you’ll make after buying or renting a home. “The wrong decision on a car purchase can be a very costly mistake,” he said. Take the time to do research and get a professional opinion before signing any contracts or handing overpayment is essential.
Here are some important questions and answers to consider before purchasing a vehicle:
- You are buying privately. If so, then spend more time on the details; such as the car’s service and accident history.
- Does the car have a current license disc and registration papers? If not, then make sure this is in place before you make the purchase.
- Is the car in a roadworthy condition? Make sure that the necessary checks and tests are done before buying the vehicle.
- Is the car being sold for a fair price? Do your research and make sure that you look at how much the exact same model is going for that you are interested in.
- Does the car have a service history that can be verified? If not, then request this from the owner.
- Did you take the car for a spin? Take the car for a test drive and take someone with you who know a lot about cars.
- Has the vehicle been in any accidents? If so then find out exactly when the accident took place, what the damage was (i.e. which parts of the car was damaged) and who fixed the car and when.
- Is the mileage correct and can this be verified?
Iemas Financial Services offers a convenient vehicle sourcing to help you find the right price – without the frustration and hassle. Whether it is out of the box or previously loved, give us your specifications, then sit back, and relax as we do the rest. For more information visit our website here: vehicle sourcing or call us on 0860 043 627.
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