Is it a good decision to buy a second hand car?

Getting your used car insured will cost you a lot less as compared to a new car. Even if you decide to sell it in the future, it won’t dent your wallet much by losing less amount of money than a new car would do. Especially for the first timers, a used purchase is more practical and affordable at the same time.

What are two disadvantages with buying a used car?

One disadvantage to buying a used car is you won’t have as much choice when it comes to colors, styles, and options. You’re limited to whatever is on the market and you may have to shop around for a while before finding one you like. Another big disadvantage is the possibility of being stuck with a lemon.

Can a car be purchased through a limited company?

The initial outlay to purchase the vehicle and all related expenses will go through your limited company. If the funds are in your Company then you may use these to purchase the vehicle, and the vehicle will become an asset of your Company.

What to consider when buying a car for business use?

Unless you are GST registered you would not be able to claim the GST on the purchase of, and running costs of the car. If the car is purchased by the company, the company should be able to claim 100% of the annual running costs, depreciation, and interest cost. However, fringe benefits tax will need to be factored in.

What are the rights when buying a used car?

If you buy a used car from a trader (a garage or car dealer), you have the same rights under consumer protection legislation as when buying a new car. This includes the right to expect the car to be as described, of satisfactory quality and fit for any stated purpose. These rights are set out in the Sale of Goods and Associated Guarantees Act 1980.

What do I need to sell my car for a new one?

If you are selling your car to a dealer, or if you are trading your old car in for a new car, both you and the dealer will have to complete the RF200 form, the Vehicle Registration Certificate or the Vehicle Licencing Certificate, as appropriate.

Can you get a good deal on an used car?

Buying a used car can be a tricky process to navigate because no two used cars are the same. Each car has it’s unique history which can either work in your favor or become your biggest nightmare. In addition to the steps required to get a good deal on a new car, when buying a used vehicle there are additional steps you must be aware of.

What are my rights regarding a car bought from a dealer?

What are my rights regarding a car bought from a dealer? The Consumer Rights Act 2015 gives you the right to ask for a full refund in the first 30 days after buying any product that proves to be faulty, including new and used cars. The law also provides protection for servicing and repair work that renders your car faulty.

What should I look for when buying a used car?

Check out your dealer’s reputation and reliability first. Ask friends for recommendations, read business profiles at bbb.org, and search online for complaints or reviews of the dealer you are considering. Dealers may also offer a “certified” used car program.

What’s the best way to negotiate a used car?

Negotiating Like a Pro Out of all the steps to buying a used car, the one-on-one negotiation is the most daunting! You need to use all of the available information to your advantage to drive the price down. Before you begin negotiating, invest the time to do all of the research we recommend.