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A guide to buying second-hand cars
The new 2016 '16' number plate has launched today (March 1st). Each year, a new number plate is released in March and September, which makes these popular times of year for second-hand car sales. If you’re on the hunt for a pre-owned vehicle, it’s important you know all you need to before investing in a new set of wheels.
Research* conducted on behalf of us found that one in five second-hand car buyers in the UK have experienced a problem with their purchase within 12 months of making it.
Given that the equivalent of 10 million** second-hand car hunters didn’t carry out any checks before buying their vehicle though, it’s perhaps unsurprising so many incurred unwelcome problems so soon after buying it.
Not only are unexpected glitches inconvenient, but they can be costly, too. Our research discovered that more than one in 10 (12%) second-hand car buyers were forced to fork out between £301 and £400 to fix the problem.
For the majority of pre-owned car owners, undetected mechanical faults were the biggest worry when on the lookout for a new vehicle. So, here at Ocean, we’ve put together a handy infographic full of useful hints and tips on what to check, ask and do when viewing a second-hand car:
Infographic brought to you by the Ocean Finance personal loans team.
*Red Dot questioned a nationally representative sample of 2,000 adults aged 18 and over between 6th January 2016 – 11th January 2016, of whom 637 were Scottish residents.
**Based on ONS UK total adult population figures.