- The Savvy Promise
But what should you know before you buy? Here’s a guide to purchasing cars from a private seller. If you have a budget set and a shortlist of cars you have your heart set on, here’s ways to make sure you make the most of your buy.
First thing’s first: roadworthiness and safety
Any car without a roadworthy certificate isn’t worth your time. If your seller can’t produce a RWC, don’t buy it. Walk away! Your seller should show you all the logbooks and service history of the car, and better yet if the car has a recent safety check.
Make sure everything’s above board
Unlike dealer sales, when buying from a private seller you’re essentially in the wilderness. There aren’t any “cooling off periods” or consumer protections, as you’re making a transaction between yourself and another person, not a business. You should check that the sellers’ registration matches the VIN number and the engine number on the car. You must also check the Personal Property Security Register to make sure the car you intend to buy isn’t a write-off or has money owing on it.
A simple checklist to weed out the lemons
Sometimes, some cars are more trouble than they’re worth. Here are some simple tips to make sure you aren’t buying a lemon.
- Check for discolouration or paint bubbles on the bodywork, as this can indicate rust or filler. To make sure, use a fridge magnet. Magnets don’t stick to filler!
- Ill fitting panels or doors
- Look at the oil dipstick – milky residue indicates problems
- Check the coolant and radiator cooling fans
- Look at the upholstery for signs of wear
- Look under the carpet for signs of rust
- Make sure the jack and toolkit is in the boot
- Start the car with the bonnet open and listen for irregular or rattling noises – these mean trouble!
Your test drive
A private seller should accommodate a test drive at a time that suits both of you. This is a perfect way to figure out if the car is really for you. You’ll be able to tell if it handles well, is comfortable over bumps and other surfaces and if the engine feels smooth and doesn’t rattle. You can test the brakes and the steering, plus figure out if the visibility is good enough for you.
Arrange an independent inspection
If you’re keen on a privately sold car, you can arrange an independent inspection with one of your state or territory auto clubs. If the seller is reluctant, you know that’s a bad sign!
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This guide provides general information and does not consider your individual needs, finances or objectives. We do not make any recommendation or suggestion about which product is best for you based on your specific situation and we do not compare all companies in the market, or all products offered by all companies. It’s always important to consider whether professional financial, legal or taxation advice is appropriate for you before choosing or purchasing a financial product.
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