When it comes to buying a used car, even certified dealerships can be a source of fraud. To avoid being cheated, it is important to take certain precautions. Castler Escrow Services (formerly known as ProtectPay) can help you create a safe environment for exchanging money and goods. Here are some tips to keep in mind:
– Never pay in advance without physically seeing the car and meeting the seller.
– Check for a tampered odometer by comparing the readings against the service history.
– Inspect the car and take a short test drive before making a purchase.
– Ensure that all paperwork is in order, including a No Objection Certificate (NOC) in case the vehicle has been involved in a legal issue or accident.
– Avoid paying in cash to save a few bucks.
– Verify the title or ownership of the seller when transacting through an online marketplace.
In 2018-19, 4 million used cars were bought and sold in India, compared to 3.6 million new car sales. The reasons behind this trend include a shorter average ownership period of 3-5 years, affordability, and value-seeking behavior. Castler Escrow Services can help protect your investment in these transactions.
When it comes to vintage cars, it can be difficult to estimate their value without decades of experience. However, there are tools available to help you evaluate the accurate price of your dream car, such as Droom Valuation, The Hagerty Valuation Tool, K500, and Indianbluebook.
When buying a vintage car, consider factors such as support, availability of parts, time to change, vehicle identification number (VIN), vehicle title, vehicle exterior, and vehicle interior. It is also important to verify the dealer’s credibility by checking their history, reviews, ratings, inventory, and mechanical checkup.
Finally, when purchasing a motorbike, consider factors such as your purpose for buying, your budget, and the type of bike that suits your needs. Two-wheelers offer advantages such as lightweight, ease of parking, affordability, adventure, time-saving, and economical insurance.
In all of these transactions, Castler Escrow Services can provide a trusted third-party safeguard to reduce the risk of something going wrong. By following these tips and using Castler Escrow Services, you can protect your investment and enjoy your automobile purchase with peace of mind.