Motorists have been given tips on how to buy a used car by a leading high street financial firm. The used car market can be a minefield if consumers are not clued up on what to do.
The first thing potential buyers need to do is work out how much they can afford to pay each month - something that may also depend on whether there is a balloon payment at the end of the deal, according to the company.
People should look to avoid meeting sellers in places other than their homes or a public area, so as to reduce the risk of them being a victim of crime. It is an extremely good idea to take someone with you who knows about cars and can check it out, or pay for a professional assessment from a trusted company such as the AA.
Once they are at the person's home, they should check to see if there are oil stains on the driveway. If they are there, it may be that the seller has simply cleaned up the car in order to pass it on and make a profit. It is important to remember that until money changes hands there is no official contract in law.
Motorists may consider a host of financing options when buying a new car, including the cost of road tax and a motor insurance premium.