Posts Tagged ‘Pre-Reg Cars’
If you buy a pre-registered car, you can get a very high discount. The car is usually less than 6 months old and has none or very few miles. The car’s warranty starts from the date on which the garage has registered the vehicle, so is shorter than the warranty you get when buying a new car.
The main drawback of buying a pre-registered car is that you do not get all the extras that you are looking for. However, most of the time dealers order pre-registered cars with a wide range of extras, so this is rarely a big problem. To check that the price is as good as it appears, add up the cost of the extras and the price of the car when new. Deduct this figure from the price the dealer wants to work out the true size of your discount.
Get a quote in writing from the dealer before buying the car. If the quote does not state that the car is pre-registered, ask the dealer to re-write the quote and include this fact. Ensure that you get a copy of the receipt and sales invoice. Without these documents, you do not have proof of ownership for the car.
The majority of manufacturers do not allow dealers to sell on pre-registered cars until 3 months have passed. For this reason, some dealers hang onto the V5C. Insist on taking your part of the V5C registration document with you when you buy the car, do not allow the dealer to post it to you in a few weeks. The V5C is needed to prove you are the registered keeper. When stopped by the police you will definitely need the V5C. Some insurance companies also want the V5C, especially in the case of an accident. Many local authorities need the V5C before they can issue you with a parking permit.
When buying a pre-registered car it is possible that you are being sold a pre-facelift or earlier model. You should check for this and ensure that the price you actually pay for the car reflects this.
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