Used Car Guide: Tips For Buying A Used Car from Dealers | PPSL BMW

5 Things To Note About Used Car Dealers


By PPSL / Cars / Jul 20, 2016

PPSL BMW Tips - Used Car Dealers

You may have heard of unfortunate incidents faced by used car buyers or stories of used car dealerships becoming insolvent overnight. Still, it does not seem to deter consumers from searching for great value from used car dealerships if they can find well-maintained used cars that are reasonably priced. What’s more, selling directly to a used car dealership could save a lot of time and effort. As such, we will be talking about five things car buyers should look out for when dealing with used car dealerships while in search for a good bargain.
 

1. Look around

Always compare the benefits of several different used car dealerships. You can look at used cars from authorized new car dealerships, as many of them have a used car division. Used cars from authorized dealerships undergo stringent vehicle checks by the same professionally-trained technicians as the new cars. Also, these used cars are likely to come with additional benefits such as extended warranty and full vehicle service history. These pre-owned dealerships have a brand name to uphold and this should give you greater confidence in terms of accountability.
 

2. Test drive the car

When it comes to used cars, buyers should expect some degree of maintenance and repairs in the course of your ownership as there are bound to be wear and tear items that require replacement throughout the years. To minimize any unpleasant surprises on the condition of the car you are buying, it is thus vital that you go for a test drive before committing to any purchase. Pay attention to any unusual noises as you’re driving. Inform the sales representative of any inadequacies you’ve encountered.
 

3. Odometers

Beware of inaccurate mileage indicated on a used car. Here's something simple and logical you could do to reduce the likelihood of falling victim to this trickery. Begin by assessing the condition of a used car - both exterior and interior. Then, come up with an estimated range for the recorded mileage (which you think the car would have). Thereafter, proceed to look at the mileage indicated on the pre-owned unit. Finally, ask yourself if what you see is believable. Bring along a friend, an experienced car owner, if you're new to buying a car.
 

4. Transfer of ownership

After you’ve made your purchase, ensure that the vehicle’s registered ownership has been transferred to your name from the used car dealership. Normally it will only take 2 to 3 working days for the transfer to take place after the full payment has been made. To verify, you can log on to OneMotoring websitethe status of the ownership-transfer using your SingPass. If the ownership-transfer status is still not reflecting your ownership after a full week or so, you should check directly with the used car dealership.
 

5. When you sell

Don’t forget to check that any outstanding loan amount is fully settled after your vehicle is sold to a dealer. The outstanding loan refers to the remaining unpaid loan amount owed to any finance institutions (i.e. banks or credit companies). For you to be certain that the loan has been settled, the used car dealership should give you a copy of the Full Settlement Receipt (from the finance institution) as proof. It contains the name of the payer (the used car dealership), your name, the paid amount and the vehicle’s car plate number for your documentation.

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5 Things To Note About Used Car Dealers


By PPSL / Cars / Jul 20, 2016


You may have heard of unfortunate incidents faced by used car buyers or stories of used car dealerships becoming insolvent overnight. Still, it does not seem to deter consumers from searching for great value from used car dealerships if they can find well-maintained used cars that are reasonably priced. What’s more, selling directly to a used car dealership could save a lot of time and effort. As such, we will be talking about five things car buyers should look out for when dealing with used car dealerships while in search for a good bargain.
 

1. Look around

Always compare the benefits of several different used car dealerships. You can look at used cars from authorized new car dealerships, as many of them have a used car division. Used cars from authorized dealerships undergo stringent vehicle checks by the same professionally-trained technicians as the new cars. Also, these used cars are likely to come with additional benefits such as extended warranty and full vehicle service history. These pre-owned dealerships have a brand name to uphold and this should give you greater confidence in terms of accountability.
 

2. Test drive the car

When it comes to used cars, buyers should expect some degree of maintenance and repairs in the course of your ownership as there are bound to be wear and tear items that require replacement throughout the years. To minimize any unpleasant surprises on the condition of the car you are buying, it is thus vital that you go for a test drive before committing to any purchase. Pay attention to any unusual noises as you’re driving. Inform the sales representative of any inadequacies you’ve encountered.
 

3. Odometers

Beware of inaccurate mileage indicated on a used car. Here's something simple and logical you could do to reduce the likelihood of falling victim to this trickery. Begin by assessing the condition of a used car - both exterior and interior. Then, come up with an estimated range for the recorded mileage (which you think the car would have). Thereafter, proceed to look at the mileage indicated on the pre-owned unit. Finally, ask yourself if what you see is believable. Bring along a friend, an experienced car owner, if you're new to buying a car.
 

4. Transfer of ownership

After you’ve made your purchase, ensure that the vehicle’s registered ownership has been transferred to your name from the used car dealership. Normally it will only take 2 to 3 working days for the transfer to take place after the full payment has been made. To verify, you can log on to OneMotoring websitethe status of the ownership-transfer using your SingPass. If the ownership-transfer status is still not reflecting your ownership after a full week or so, you should check directly with the used car dealership.
 

5. When you sell

Don’t forget to check that any outstanding loan amount is fully settled after your vehicle is sold to a dealer. The outstanding loan refers to the remaining unpaid loan amount owed to any finance institutions (i.e. banks or credit companies). For you to be certain that the loan has been settled, the used car dealership should give you a copy of the Full Settlement Receipt (from the finance institution) as proof. It contains the name of the payer (the used car dealership), your name, the paid amount and the vehicle’s car plate number for your documentation.

Thank You For Reading!

Follow us on Facebook, by clicking Like, for more Car Tips! 


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