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Buying a second hand vehicle is an exciting process. Even though the vehicle isn’t brand new from the showroom floor, it is still new to you.
Beginning the search for a second hand vehicle typically starts by browsing online.
A visit to a car dealer can help narrow down what make and model you like.
So many decisions to make.
What colour? What size engine? Manual or Auto, petrol or diesel?
And the most important detail, how much am I able to spend?
One of the most daunting things about buying second hand vehicles is that there is no trust in the market.
There is a stigma in the automotive industry of greasy car salesmen and the fear of buying a lemon.
A vehicle Pre-Purchase Inspection is highly recommended, especially if you are not car savvy
You can ask a mechanically minded family member/friend to come with you on road tests.
The vehicle may have mechanical issues that you can negotiate the price down to compensate for their repairs.
Avoid pouring money into a vehicle you have just paid good money for.
If a vehicle has been in a serious accident, it may cause costly issues later on.
Here are some of the things that indicate that the vehicle has been in more than a fender bender.
Car History Reports will note if an insurance/police reported accident.
Accidents not recorded would be for example: the vehicle owner has an accident but never claims it through their insurance
That is why looking for these key indicators is how you are going to be able to protect yourself from buying the unknown.
Run these reports yourself.
There is an option on these reports to un-tick the insurance box so any insurance claims do not come up on the report.
It is known that car dealerships will leave this off the report if it is not in their favour.
Other sections of this report will assist you in your buying decision. Are there any financial encumbrances (Money Owing), Repairable write-off status and any Reported Stolen Status?
If in doubt, always engage a professional for a Pre-Purchase Inspection.
It is better to spend a couple of hundred dollars and be certain than take the risk that could cost you thousands.
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