If you have been refused finance, you may think that private car purchase for a second-hand model is an option. The only thing about that is that it
If you have been refused finance, you may think that private car purchase for a second-hand model is an option. The only thing about that is that it can come with certain dangers. Other alternatives such as private leasing could be a much better way to go – as you can still get high quality cars. There are Audi leasing deals for example that offer great monthly repayments. If you did want to lease an Audi, or simply look at some Audi car lease options – there are lots of deals available to you.
We’ve given you some tips as to things you should look out for if going for a 2nd hand purchase, but as you will see it comes with a lot of pitfalls.
Look at the Paperwork
If there is no paperwork – then this is immediately a problem. It’s illegal to sell a car without the registration documents, so will already be an indicator that the deal is shady if this isn’t available. There should also be some kind of service history documentation that will give you an idea of the kind of condition the car is in, so make sure you ask for this. Look for the latest MOT information at least.
Get a Professional to Inspect the Car
If you aren’t 100% comfortable that the car is in good condition – then you can ask a professional to check it out for you. It will be well-worth the investment to get a mechanic out to inspect the vehicle. That way any issues will be uncovered, and you will have some peace of mind. If you aren’t sure – then let the professionals do the job!
Go to the Seller’s Home to See the Car
There should be no reason why the seller wouldn’t want you to see their surroundings. If they do want to go elsewhere and aren’t happy going on their turf, then again alarm bells should ring. Make sure that you visit where they stay when you go out to see the car. It could be that they have something to hide, if they don’t want you near their home.
Get a History Check
The car that is being sold of course needs to be currently owned by the person selling it. It’s good practice to do a history check where you will find out whether or not the car is on finance or not. It will also give you information as to if it’s been stolen – or if it’s been written off at any point. If this is the case, then of course you won’t want to buy it. It’s important you find out that information before money changes hands.
As you can see there are a lot of dangers when it comes to purchasing a used car privately, which is why leasing may be a better alternative for you. The repayments can be low – and you can get the car that you really want.