5 Tips When Buying A Used Car
5 TIPS WHEN BUYING A USED CAR
1.Buy a used car at least 1 year old
When buying a brand new car you are subject to VAT. This means an additional 20% on that vehicle (included in purchase price). So buying a car at least 1 year old saves you 20% on VAT and saves you money on depreciation.
2. Always do your homework
When looking for a used car, you should always do your homework on the dealership your buying from. Google reviews are a great way to get an honest view on the dealership as negative reviews can't be removed.
3. Questions to ask when viewing the car:
We recommend asking the following when buying a used car -
"Does it have full service history?" - This means the car has been serviced at its regular intervals.
"What condition is the vehicle in?" - You want to ensure the car doesn't have bodywork defects which could be a sign of misuse.
"Has the car been maintained?" - If the car doesn't have a full service history, have past owners still carried out maintenance?
4. HPI Check
Make sure a HPI check is carried out and supplied by the dealer on purchase. A HPI check proves there is no outstanding finance against the car, that the mileage is correct, it is not stolen and ensures that is isn't a CAT D, C or total loss.
5. Completing the sale
When you purchase your car make sure it comes with 12 months MOT and serviced if due. You should also ensure the car comes with a minimum of 3 months or 3000 miles warranty as standard. We recommend purchasing extended warranty which should be offered by the dealer.
It is always good practice to see if the dealership has a workshop at thepremises as any issues with the car can be dealt with quickly and efficiently.
- Spencer Gray