The Motor Ombudsman has issued a warning to anyone thinking about buying a second-hand car from a private seller rather than a new one this year due to the cost of living crisis. While it may seem a cheaper option at the time, it could cost more in the long run.
The Ombudsman dedicated to the automotive sector, has released research revealing that nearly three-quarters of consumers are more likely to buy a used car than a new one this year in order to save money. A quarter of potential buyers said they were in the market for a used car for the first time.
The survey also reveals that half would buy from a private seller they did not know, and a third said they believed it would be cheaper to buy from a private seller. However, The Motor Ombudsman is warning that cutting corners by buying from a private seller to save money could prove to be a false economy, as repair bills may mount up in the longer term and turn the car into a very expensive liability.
Buying from someone you don’t know means the onus is entirely on you to do your homework and check the car thoroughly, because if there is an issue with the car later down the line, there is very little comeback.
The Motor Ombudsman recommends buying a used car vehicle face-to-face or online through an accredited retailer as buyers will have a fully transparent view of the car’s condition and history to make a fully informed purchase.
The Motor Ombudsman can also help consumers resolve any disputes should anything go wrong.
The Motor Ombudsman's top tips for buying a used car
- Do your research to find the car and fuel type (such as hybrid, fully electric, etc) that’s right for you and that meets your lifestyle, requirements and budget
- Test drive the car to make sure it’s right for you, and that it performs how it should
- Check the warranty that comes with the vehicle - as manufacturer warranties typically vary between three and seven years, so are there any years left on the manufacturer’s original warranty?
- Check any accompanying documentation thoroughly, including the service and MOT history
- Look at the ongoing running costs (such as insurance and road tax), not just the initial purchase price
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