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