When buying a used car in Victoria, there a several ways that you can do this including:
- Buying from a licensed motor car trader
- Buying from a private seller
- Buying at auction
Buying from a licensed motor car trader
Advantages include:
- Offers you the most protection
- Cooling off period (3 business days)
- Warranty – three months/5,000 km if the car is not more than 10 years old and has travelled less than 160,000 kilometres
- Trader must provide clear title
Disadvantages might be:
- Can be more expensive
- Be wary of high trade-in offers – the price of the car you are buying may be increased to cover the difference
Buying privately
Advantage might be:
- Can be less expensive
Disadvantages are:
- There is no cooling-off period
- The car is not covered by a statutory warranty
- It is your responsibility to check that the car is not stolen, has money owing on it, or is on the written-off vehicles register.
Buying at auction
Advantages are:
- Auction house must prove clear title
- May get a really good purchase price
Disadvantages are:
- Unable to test drive
- Little or no time to check car’s background
- Rarely able to have inspection carried out
- No cooling off period
- No statutory warranty
- No roadworthy certificate