Buying a used car from a private seller
Do Your Homework
- The vehicle's registration certificate;
- Your identification document;
- Completed application form.
VIN and Engine Number
You can ask for a police clearance certificate from the seller, but to be extra cautious also take down the details of the number plate, chassis number (VIN) and engine number and run a check at a police station to ensure that you are not buying a stolen vehicle. Also make sure that these details match up with the registration papers.
There are different ways to make payment of the sale of a used vehicle. The finance institution will advise but one way is that if the vehicle is still under finance, the balance should be paid directly to the bank, and proof of payment sent to the seller. Once the seller has received the registration papers from the bank, the net amount can be paid to the seller.
Once the deal has been agreed to, the vehicle must then be registered in the new owner's name. Both the buyer and seller are involved in this procedure. The following documentation is required:
- Identification document;
- The seller's vehicle registration certificate;
- A roadworthy certificate;
- Proof of purchase or Sales Agreement;
- A valid motor vehicle licence;
- The completed registration application form.
This contract is necessary for the transfer of ownership of the vehicle, and should include:
- Names, addresses, ID number, and contact details of both parties;
- Details of the vehicle: make, model, registration number, VIN number, registration number, colour, odometer reading;
- Time, date and location of the sale;
- Purchase amount.
There's no doubt that buying or selling a car privately is a complicated procedure, so tread with caution and don't hesitate to get advice. In doing so, you could be rewarded with a great car for years to come.
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