What documents should I get when buying a used car?
When buying a used car, many questions may arise. Above all, those people who have never bought a vehicle in these conditions may have many doubts about the procedure. Like any procedure, this has certain legal requirements that must be met to have everything in order. Therefore, one of the most common questions is what documents should I obtain when buying a used car? To answer this question, be sure to read this entry on our blog.
The decision to buy a used car makes a lot of sense and has become an increasingly popular option. The main advantages are found in the price that one pays for the car, but it is not the only one. In addition to paying a lower amount, you also have to take into account that the maintenance of the used car can be cheaper. Especially considering the value of the insurance, which responds directly to the value of the car. Also, the depreciation of a used car is much slower than that of a new car, since the largest drop occurs at the time it leaves the dealership. For these and other reasons, used cars are a more than interesting alternative. At Airport we have a wide variety on offer, and the ease of financing it with a Buy Here Pay Here system.
Answer to: What documents should I get when buying a used car?
So if we make the decision to buy our used car, we are likely to have second thoughts about the process. The most important thing is to pay attention to the documentation, so that the purchase of the car is carried out correctly. In this way, we will avoid more than one headache. If all the documentation is not reviewed, it is possible that we will receive a traffic violation for driving without our vehicle in order. So what documents should I get when buying a used car?
The Invoice of Sale or Bill of Sale is one of the fundamental documents that we must receive when buying a used car. This receipt indicates the transfer of ownership initially made by the original purchaser of the car. It is the paper that guarantees that the car was purchased in a regulatory manner from the manufacturer and that, therefore, it is supported by it. This document, added to a new contract that transfers ownership to the new owner (that is, you), is the guarantee that the car was acquired legally and was not stolen or stolen.
On the other hand, we must also require the Property Title Certificate or Ownership Title. This document is the one delivered by the State as a method of verifying ownership of the vehicle. Beyond the transactions carried out between private parties, this paper guarantees the ownership of the asset by a government entity. Therefore, it is essential to be able to circulate legally.
Then, continuing with the list of what documents should I get when buying a used car? we find the Total Mileage Certificate or Odometer Disclosure Statement. This proof guarantees that the number of miles traveled that the vehicle shows is real. As a document, it is usually found behind the Property Title Certificate. Requiring it can help to verify the real state of the car at the time of purchase, since it guarantees that the number of miles shown on the dashboard has not been modified. In other words, this receipt has a special utility for the buyer as a way of verifying the quality of the vehicle.
Finally, the Damage Disclosure Certificate is the last document that we must require at the time of buying the used car. It contains a history of accidents, damage or partial destruction. Legally, everything must be registered in this documentation. Either way, it is possible to get a checkup privately through some companies that offer it. To do this you will need the license plate number of the vehicle, or the car identification number or VIN.
What documents should I obtain when buying a used car?: Conclusions
In short, when asked what documents should I obtain when buying a used car? The answer consists of 4 elements. The Invoice of Sale (Bill of Sale), the Property Title Certificate (Ownership Title), the Total Mileage Certificate (Odometer Disclosure Statement), and the Disclosure Certificate of Damages. Having all the documentation is essential to avoid problems when driving the vehicle. At Airport all our used cars have the necessary documentation to be able to be transferred without problems. Plus, we offer many financing options with a Buy Here Pay Here system that makes it easy, even if you don’t have a good credit score. Do not hesitate to take advantage of the large number of used cars that we have available, and choose your next car with the confidence of our experience.