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Buying a Used Car Privately

Friday, July 3, 2009

In today’s economic environment, more used car buyers are searching the local newspapers or the internet to find and purchase their next used car. Private car sales can save you money, but there are also more risks involved.

Here are some tips for you to consider before you decide to hand over your hard earned money -

  1. Arrange an inspection by an independent Qld Transport Authorised Inspection Station (they are regulated to ensure the used car is roadworthy) – there is no warranty with private sales!!
  2. All used cars being advertised with registration MUST have a Safety Certificate displayed at the the time of inspection. Don’t accept seller stories that they will do it after you leave a deposit (this is an illegal practice).
  3. Check that the seller’s name (on their Driver’s License) matches the name on the registration papers to confirm that they own the car (prevents fraud).
  4. Ask the seller for a REVS certificate to show that there is no financial encumbrance on the used car.

Another suggestion before paying for the used car is to contact Qld Transport and pay for a Written Off Vehicle Repairable (WOVR) report. This is to ensure that the used car has not been classified by the insurance companies as “Written Off Repairable”. This happens after floods and/or after car accidents where the insurance companies find it more economical to pay their clients out rather than repair the damaged car. The insurance companies then auction the damaged cars to the public and trade knowing they will be repaired and re-sold, especially late model cars (new car warranty is normally void on these cars).

Buying a car from a Car Broker (who must have a Motor Dealer’s License), gives you the greatest protection. The licensed Car Brokers are regulated by state laws and must give certain guarantees that do not apply to private sellers, including warranty.

For further information, go to www.brisbanecarbrokers.com.au for that peace of mind buying.