Dear OzBargainers.
I know someone who has a an old (approximately 10 years old) diesel car (expired rego) sitting around not being used since 2+ years. They are willing to let it go for a price which from some research is half the price of similar (make, model, year, odo/kms) cars online. The car needs rego, a new battery, tires, and a thorough servicing but even if I factor in these costs, it still would be approximately 30% cheaper than comparable sales.
My plan is to get a battery and a temporary rego (I think it is called UVP or Short-term unregistered permit) so that I can drive it to my trusted workshop. If the mechanic does not find any other faults and if I like the repair estimate, buy it off the seller, if not, just return it. At worst I'll end up losing whatever the UVP cost was and the battery (may resell the battery to recoup some loss).
I've never done this nor have owned a diesel car before and hence this post. Is it worth it?
TIA.
Edit: Volvo XC60, a little over 100K kms, asking $10K (firm).
Only normally profitable if you can identify issues and correct them yourself using the cheapest parts possible.
Given your minimal knowledge I would suggest to give it a miss.