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Motorists urged to check vehicles before securing finance
British motorists have been warned to carry out a range of checks before buying a second hand car.
According to the Daily Mail, with personal loan rates rising, it is more important than ever before for motorists to do their homework and make sure the car they opt for is in good working order.
The paper cites recent research from the Office of Fair Trading that showed that 20 per cent of buyers experience problems with their second hand car – and the figure rises to 86 per cent after the first three months.
But it is not just mechanical failures that can end up costing people.
The news provider states that motorists should carry out a data check on any vehicle they are planning on purchasing, to ensure that the motor has not been stolen or there is an outstanding loan attached to it.
According to consumer watchdog Which?, all consumers "should consider a vehicle history check to expose possible outstanding finance and accident write-offs".