Hi All,
Just want suggestions from all ozbargainers as I want to buy used car. My main concerns are
What we need to look for genuineness in regards to ownership of the car.
What's the preferred mode of payment to be on safe side.
What Goverment papers of car we need to check for finance or other liabilities.
Thanks in advance.
There is a Register of Encumbered Vehicles. This lists cars that are financed (so the finance company owns it if the seller stops paying the monthly) and stolen. It is free to check this info in NSW, although they charge $10 to get a mailed out certificate. Probably similar in your state?
For payment, cash or bank cheque is all a sensible seller should take (a dealer is different). When I have bought cars, I pay $100 deposit with a hand shake agreement they will sell to me if it passes a auto club inspection with nothing dramatic wrong and it passes the REVs check or refund the $100 if it doesn't. I pay the balance when I collect the car and the do the rego transfer at the same time. Don't pay unless the papers are there filled out.
After buying half a dozen cars this way, it has worked fine.