Purchasing a car is the second biggest purchase you are ever likely to make, and these are three key ways to help safeguard you and your money
Know Your Rights
Buying a car through a dealership is generally considered the safer option because you are protected by the Consumer Rights Act.
You don’t get the same protection when you’re buying from a private seller, but the car must still match the description in the advert, or what the seller has told you. If it doesn’t, you could have a claim under the Misrepresentation Act.
Touch it and check it
Never buy a car without seeing it, and always check the registration plate on the registration document.
If it does, contact the seller as quite often the finance agreement is settled on sale of the vehicle. However, please be aware if you buy the vehicle, the finance company will remain the legal owner of the vehicle until the loan is repaid in full.
Once you’re happy with the condition of the car and have agreed a price...
Think about payment
The easiest way to push for a discount is to buy with cash, and the best way to complete the sale is to go to the bank with the seller and exchange documents once the payment has been made.