Data revealed: don't be fooled by these common used car scams!
According to the Society of Motor Manufacturers and Traders (SMMT), new car registrations are down by 3.4%. So when it comes to purchasing a vehicle, drivers are looking to the used car market (which is up 3.1% per cent) when it comes to getting value for their money. Buying from a private seller is a popular option in the used car market, and although the process might be quicker and less informal - do you really know what you’re buying?
It has been revealed by vehicle data and valuation specialist, HPI, that one-third of used cars have a hidden history- which can be a worrying prospect for buyers. The research also revealed that 75 cars are identified as stolen every day.
Head of industry relations at HPI, Barry Shorto, commented:
“Buying a used car can be stressful enough without having to worry about whether or not the seller is trying to rip you off. There are a wide variety of potential pitfalls facing used car buyers.
“It could be that the car is stolen or subject to outstanding finance, or it may have been clocked at some point.
“Despite there being so many ways for buyers to be caught out, there are also numerous ways to ensure they are prepared and protected.”
Read below for some of HPI’s top tips when it comes to avoiding the most common private sale scams and used car problems:
The car hire scam
‘Sellers’ can hire a car and then go on to sell it - and although this is an illegal practise, it is still happening. The best way to avoid buying a hire car is simple; you should analyse the vehicle’s V5C document - the registration document. If the ‘seller’ can’t produce this for you - walk away.
Some sellers pressure the buyer into leaving a hefty deposit to secure the car purchase. If you’re not comfortable parting with a deposit, walk away. If they ask you for a large deposit, suggest a smaller amount and always get a receipt as proof of the deposit.
Cloning is a common scam. It’s when a car is stolen but then given an identity of a legitimate and identical vehicle. You can detect this scam by asking for a V5C document - if they don’t have one or it doesn’t look correct - walk away from the purchase.
If you’re suspicious of anything when buying a used car from a private seller - contact the DVLA to check the authenticity of the vehicle’s paperwork.
For more scams to be aware of, visit the HPI blog.
If you’re not comfortable buying from a private seller - trusted used car dealers are a reliable alternative.
Here at Lindop Toyota, we take pride in our used car sales process - it’s secure, fast, and all of our used cars go through a full Toyota technical check. We also offer all of our customers who purchase one of our Toyota Plus approved cars a minimum 12-month warranty and our non-franchised vehicles come with a six-month warranty. We want you to make sure that you feel safe and secure with your purchase.
We are committed to providing a high-quality service, so if you’re looking for a used car in North Wales - visit us at our Queensferry or Wrexham dealership.