We normally deal with people we know and
in individual, especially if it is a financial cope. What happens if you
have to buy or sell a car to a person you met on the Online or through a
newspaper classified ad in a popular newspaper? There cannot be a quick
and easy way of avoiding a scam but using CarWorld1’s fraud awareness
tips for used car buyers and sellers coupled with your common sense, you
can save yourself from scams.
If You Are a Buyer
1. Inspect the car
Examine the car to your fulfillment in
sunlight. Look for signs of any kind of accident or damage due to
surging. Take a test drive to ensure that the engine is in good shape.
If you are not sure, take your mechanic or a reputed one along.
2. Check car documents
Examine the car documents carefully. Ask
for car registration copy (RC book/card), insurance papers etc. Confirm
the basic car details such as number of entrepreneurs, car version,
production year, proprietor information etc. with the RC and what was
advertised or told to you.
Ask for previous maintenance servicing
related papers (whatever the seller has). The servicing papers will
carry more value if these are from an authorized service center.
Maintenance information records are a good way to verify the mileage
(kilometers driven) of the car.
3. Meet the seller
The seller is the most important factor
in the entire car buying scenario. You could potentially let go a couple
of minor glitches as far as car is concerned but even the least about
the seller should be alarming enough not to go through with the deal.
The conclusion will be based upon your judgment.
4. Know when to transfer the money
Do not transfer the money until you have
seen the car in individual and met the supplier. No cash should be
compensated for having a look at the car. Walk away from the deal, if
the supplier asks you to exchange a token amount before you can see the
car. Become incredibly careful if the price of the car sounds too good
to be true. Check CarWorld1
used car prices for a fair idea of the market value of the car.
If You Are a Seller
1. Meet the buyer
Fulfill the buyer in person. Keep a
evidence of identification duplicate for your information before you
hand over the car. Do not offer the car if you get doubtful about the
customer for any purpose.
2. Know how to deal with the money
You may enter the deal by taking some
token money. The car can be handed over to the buyer if you have been
given a cheque/DD of the amount as per the agreed sale price but the
transfer documents should be signed only after the entire payment has
been realised.
If buyer gives you a cheque/DD of an
amount higher than the agreed sale price and asks you to return the
difference, don’t do so. Let’s assume that the agreed sale price of your
car is Rs.5,20,000 and the buyer gives you a cheque of Rs.5,50,000 and
asks you to return Rs.30,000. In this case, don’t get into the deal.
3. When to transfer the car title
Don’t hand over the original car
documents until you have got all your money. At plenty of duration of
delivery, have a delivery note signed by the buyer that clearly states
that he has taken the possession of the said car and he is responsible
for the liabilities arising henceforth.
The car transfer should take place once
the complete payment is released. You can sign the transfer documents
and hand over all original documents, duplicate car key etc. to the
buyer.
Please have an look & confirm before
buy used car or new car. This is one time investment for salary people
if fault or misleading transaction occurred then average people cant not
afford. So beware before purchase. Best of Luck from CarWorld1