Buying and selling products on the Internet has become part of our daily routine. When it comes to buying a car, there are some necessary precautions to bear in mind. Even if the platform that you have chosen is a safe place for car sellers and buyers to transact, don’t forget that it is not involved in the actual transactions. To ensure a better buying/selling experience, here are some key tips.

For Car Buyers
  • It is better to talk to him on the phone as an email or SMS can hide an online scam. Talk to the seller more than once and don’t hesitate to call back with follow up questions.
  • When you go to view the car, make sure it takes place at the business premises or at the seller’s place.
  • Go on a test drive in an area you do know.
  • Be careful with vehicles advertised with prices that are significantly below the market value.
  • Check the existing restrictions and requirements when buying from an overseas seller.
  • The registration plate, car identification and engine numbers must match the information in any paperwork or insurance documentation.
  • Payment should be done via a safe mode. Never send money through a wire transfer or mobile banking service if you have a doubt on the seller.
  • Never give your financial details to a seller.

For Car Sellers

  • Speak to the buyer on phone rather than via email or SMS only.
  • Beware buyers who are to hasty in making an offer or those who make an offer that is higher than the set price.
  • Check the references of any person claiming to be buying on behalf of someone else.
  • Do not reveal the current location of the vehicle before being sure of the buyer’s trustworthiness.
  • Make up your mind of the price that you are willing to accept and prepare to negotiate to a minimum price.
  • Don’t rely on proof of payment from the buyer. Check with your bank or other provider that the money has been cleared and you can see the funds in your account before parting with your item.
  • Only accept cash inside the premises of your bank where potential fakes can be checked or so you do not carry large amounts of cash in public after a sale.
  • Beware of forged bank cheques. Electronic transfers which can be confirmed by your bank are the safest option. A genuine buyer will never object.
  • Give the buyer a receipt to confirm you’ve received their payment.
  • Insist on a receipt from the buyer confirming delivery of your vehicle.