04 Mar Why you should talk to The Finance Lady before you commit to buying a used vehicle
Some important factors need to be confirmed before you commit to buying a used vehicle whether from a dealer or privately. With one phone call to The Finance Lady, we will be able to reassure you that the following boxes have been ticked and that there are no ‘red flags’ that could turn your dream car into a nightmare!
- Ownership History
Are you buying from the person responsible for the vehicle?
Is the vehicle stolen?
Does the Vehicle Identification Number (VIN) and plate number match with official records?
- Registration and license
Does the vehicle have up-to-date registration, Warrant of Fitness or Certificate of fitness?
Do Road User Charges apply to the vehicle and are they paid to date?
- Registered debts
Is there money owed on the vehicle?
Is there a security interest on the vehicle? Often a security interest will remain even after the vehicle loan has been paid in full.
- Odometer history
Has the vehicle’s odometer been tampered with or wound back?
Has an odometer reading been incorrectly entered into the vehicle’s records?
- Usage types
Has the vehicle been previously registered as a taxi, rental car or emergency service (such as police)? This can have an impact on a vehicle’s value.
- Vehicle fitness and damage
Has the vehicle been imported as unrepairable due to water or fire damage?
Is the vehicle a repaired write-off?
- Call The Finance Lady 06-757-9060 or 207-526-6570