Is it safe to buy a car online?

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by: bythesea
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Word Count: 466
Date: Fri, 15 Jul 2011 Time: 12:07 AM
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Although more and more consumers are coming around to the benefits associated with shopping online for certain items, many people are still wary of carrying out any kind of financial transaction online. But even for those internet savvy people who buy everyday items online, is it really realistic to expect them to make a significant purchase such as a new vehicle via their computer?

The truth is that those people who are wary of online transactions are right in some respects to be cautious. There are undoubtedly some people out there who aim to con you out of your money - and by setting up a scam car sale they're aiming for a quick windfall from advertising a high ticket item.

That said, if you do your research and look to buy from an established and reputable online seller then you could find yourself a fantastic deal that just isn't available anywhere else. The general rule of thumb is that if an offer looks too good to be true then it probably is. Even if you're completely convinced that the seller is offering a genuine transaction, you should carry out an HPI check before handing over any money.

HPI stands for Hire Purchase Investigation: the check will let you know whether the car has any outstanding finance attached to it or if has been either reported stolen or previously declared an insurance write-off. HPI checks are simple to carry out, although they will incur a charge - and you'll need the car registration number from the seller. If the seller is unwilling to give out the information to a prospective buyer then you should question why they're hindering your attempt to check the history of the vehicle.

Don't feel like you need to be tied to the confines of the internet; just because the initial contact has been made online, there's nothing stopping you from asking to come and inspect the car for yourself if it's feasible for you to do so. Again, if the seller gives you excuses as to why that isn't suitable then you should really question whether they're on the level.

If you're ultimately happy that the vehicle is a genuine offering then it's time to get down to negotiations. Don't assume that just because the asking price is attractive that you won't be able to knock the seller down further - and be sure to factor ongoing costs such as fuel, vehicle tax and car insurance into your calculations when you come up with your buying budget.

Buying online can undoubtedly get you a wonderful deal on your next car but it certainly pays to be cautious. If you're vigilant in your research into the history of both the vehicle itself and its seller then you shouldn't go too far wrong.

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