Tips for buying second-hand Cars- Continuation
...Continuation
If you pay by cheque or through online banking, the seller will probably wait for the payment to clear before parting with the car.
You can also pay using a banker's draft. You won't have to wait for it to clear but you will have to pay a fee to your bank.
Either way, always remember to get a signed and dated receipt. It should include the buyer and seller names and addresses along with the vehicle details and price.
If your car comes from an internet business, under the Distance Selling Regulations you have a 7-day cooling off period to change your mind about the deal.
7. After you've paid
Extra tips
Keep copies of any advertisement or description of the car in case it's needed at a later date
Do not agree or sign anything unless you are absolutely sure you want to go ahead with it.
If the deal is subject to finance, neither party is legally bound until the finance agreement has been signed by both
Beware of signing any document that states you have examined the car and found it satisfactory in all respects
If the car was sold with a guarantee or an extended warranty, you may have additional rights
Citizens Advice
When the deal is complete, both parties will need to fill in the V5C registration document, which the seller needs to send to the DVLA.
You should be given the "new keeper" section of the document.
Make sure you have all the other documents including the MOT certificate - if the car is more than three years old - and any receipts for repairs.
Make sure you get the manuals as well as a code for the radio.
If the car is supposed to have a spare wheel, check it's there, along with any tools you need to change it.
Finally, make sure you've been given a spare key - it can be very expensive to get replacements cut.
8. If things go wrong
If the car has a fault which you were told about before you bought it you might not be able to claim, unless the problem is far worse than described.
It's also difficult to make a case against the seller for problems that would have been obvious before buying - like a large dent or rust on the bodywork.
However, if you notice the fault soon after buying the car and you haven't been told about it, you could claim a full or partial refund from the seller.
Citizens Advice has more adviceon what to do if your car is faulty.
Follow @LaNUBlog & @Hon_KingSIMEO on Twitter for Updates
If you pay by cheque or through online banking, the seller will probably wait for the payment to clear before parting with the car.
You can also pay using a banker's draft. You won't have to wait for it to clear but you will have to pay a fee to your bank.
Either way, always remember to get a signed and dated receipt. It should include the buyer and seller names and addresses along with the vehicle details and price.
If your car comes from an internet business, under the Distance Selling Regulations you have a 7-day cooling off period to change your mind about the deal.
7. After you've paid
Extra tips
Keep copies of any advertisement or description of the car in case it's needed at a later date
Do not agree or sign anything unless you are absolutely sure you want to go ahead with it.
If the deal is subject to finance, neither party is legally bound until the finance agreement has been signed by both
Beware of signing any document that states you have examined the car and found it satisfactory in all respects
If the car was sold with a guarantee or an extended warranty, you may have additional rights
Citizens Advice
When the deal is complete, both parties will need to fill in the V5C registration document, which the seller needs to send to the DVLA.
You should be given the "new keeper" section of the document.
Make sure you have all the other documents including the MOT certificate - if the car is more than three years old - and any receipts for repairs.
Make sure you get the manuals as well as a code for the radio.
If the car is supposed to have a spare wheel, check it's there, along with any tools you need to change it.
Finally, make sure you've been given a spare key - it can be very expensive to get replacements cut.
8. If things go wrong
If the car has a fault which you were told about before you bought it you might not be able to claim, unless the problem is far worse than described.
It's also difficult to make a case against the seller for problems that would have been obvious before buying - like a large dent or rust on the bodywork.
However, if you notice the fault soon after buying the car and you haven't been told about it, you could claim a full or partial refund from the seller.
Citizens Advice has more adviceon what to do if your car is faulty.
Follow @LaNUBlog & @Hon_KingSIMEO on Twitter for Updates
Comments