Buying cars online has become a common practice in recent years, and the choice comes with several advantages. Whether looking to buy a new or a pre-owned vehicle, several sites can help buyers find the best option that suits their preferences and driving needs. But, like any major offline purchase, buying a car online requires thorough planning and consideration of certain factors, tips, and expert-recommended practices for buyers to minimize or avoid the risks.
1. Finalize a budget
Having a clear understanding of how much a buyer can afford to spend on a car can save them a lot of time and effort. Setting a clear budget keeps buyers from looking at or considering a car that is beyond their financial reach. If planning to pay in cash, make sure the funds are readily available. Do not put things off until the last moment when payment needs to be made. Alternatively, if trying to secure a loan, check the credit score before looking at car deals online. The credit score will determine the buyer’s eligibility for a loan and the amount they can qualify for. These days, loans are also available from online car dealerships that list new or used cars for purchase on their site.
2. Verify the seller
When buying a car online, individuals should note down the seller’s details. Ask for their general location and full name. Enquire about the vehicle’s registration, title, driver’s license, and other important documents that are relevant to the purchase. This helps buyers verify that they are participating in a legal deal, not a shady one. Check the seller’s online reviews, if available. Also, look at the rules and regulations the online seller’s platform sets, especially about refunds and disputes. All these steps will help determine the legitimacy of the seller and how smoothly things progress.
3. Schedule an inspection
Before proceeding with the purchase, buyers must get their cars inspected by a professional, preferably a qualified and trusted mechanic. Even if the car appears to be in top condition, go ahead with the inspection, as it helps identify hidden defects, if any. Some online car sellers prioritize addressing the visible issues but overlook the underlying problems. This would result in costly repairs for the buyer in the long run.
4. Test drive
Buying a car without test driving it can be a huge gamble. Even when buying a car from a trusted dealership online, make sure to take it for a test drive before the payments are made. A test drive gives first-hand insights into the vehicle’s condition and performance and helps a buyer rule out complications, undisclosed wear and tear, or mechanical issues.
Drive the car on various roads, change gears, and switch speeds. It is the only way to ensure the car does not vibrate at some speeds and the quality of brakes and other features. The seller might ask the buyer to provide a copy of the driver’s license for identity and authenticity verification. Before taking it out of the driveway, check that all the car’s documents are updated. No one wants to get pulled over when test-driving.
5. Don’t ignore insurance
Whether a buyer opts for a brand-new or pre-owned car, insurance is important as it prevents out-of-pocket costs in the event of damage to the vehicle. Car insurance quotes and premiums may vary depending on the individual’s age, location, driving record, and the type and value of the car being insured. Speaking to an insurance agent can help individuals find an estimate before they finalize the purchase.
6. Remember to verify the title
An important thing to verify before purchasing a car is its title details. A car title is a legal document that establishes an individual as the owner of the vehicle. If the person selling the car is not listed on the title, it can lead to legal and financial headaches for the buyer when they try to transfer the title in their name.
7. Meet the seller
Some people avoid meeting the seller because they are unsure of how or where they should plan the meeting. But, it is a risky mistake to make, especially if the car purchase happens online. Make sure to meet the seller, preferably in a place bustling with a high volume of activity. Given the safety risks involved, it is also advised to take a friend or family member along for the meeting. When going alone, share details such as the location, meeting time, and seller information with others. If possible, share the seller’s photo beforehand, alongside live updates, with friends or family members after reaching the location.
8. Avoid making hasty payments
To avoid the risk of getting scammed or entering a shady private sale, it is important for buyers to verify the documentation and the seller’s identity before handing over the payment. It is advised to opt for a trusted online dealership or the best websites for online car shopping that offer significant protection for the buyer and provide secure payment methods for the transaction. Once the deal is made, request a bill for the same, which outlines details of the car such as the model, make and year, VIN, plates, and date on it.