The Hidden Risks of Used Cars
The multitude of Second hand cars for sale available in the Philippines market is among the reasons why more people can now afford to have a car of their own. Let's admit it: a pre-owned vehicle will almost always come half the price of a brand-new car from the same brand. To add more, private companies and banks now allow individuals to avail of auto-loans for them to pay off the used car easily and flexibly.
However, as similar to any other situations or things in life, there is always a drawback or a disadvantage.
Buying, owning, and driving a used vehicle is not all about benefits. There are also risks involved, and most of the time, buyers are not even aware of such. What is worse is that they can be caught off guard since they had high expectations when they bought the unit.
With those in mind, is it a bad thing to spend your hard-earned money on a second-hand vehicle, or in this case a used BMW car?
Of course, buying a used car will always have risks simply because it is no longer at its highest quality. As such, just be careful and keen enough. Likewise, maintain it twice as much as how one would take care of a brand-new car.
With that in mind, Philkotse has compiled some of the most common unforeseen risks that you might encounter when buying a pre-own unit from BMW Philippines as well as any other reputable automakers in order for you to be more informed during your car hunt.
1. False Car Condition
More often than not, while you started searching for a used BMW M2, you must have looked into, checked out, and test driven multiple units, as well as dealt with a lot of sellers or dealers, to make sure you end up with the one that has the greatest condition. That's what a wise buyer would do, right?
The thing is you really wouldn't have a clear idea of the 100% condition of that unit, from top to bottom and inside out. The car might have been involved in an accident; it may have been used as a taxi, and the like. Although mechanics and car experts can check those, not all of them would be able to really see everything.
Additionally, even if those are not the case, a second-hand unit will surely have problems in the long run, especially if the original owner didn't take care of it well or even maintained it regularly. Some of the parts would need to be replaced in due time, while others might require occasional repairs.
2. False Identity
Even though false identity might occur in less than 1% of second-hand car buyers, this is still one of the hidden risks of buying a used unit. What do we mean by false identity?
What we are trying to say is that as the new owner or driver of the BMW M2 you just bought, someone might falsely identify you as the previous owner. As non-violent as we want to be, what if the old owner has done something wrong to a certain individual? What if they have a pending civil or criminal case? You never know if the previous owner has a lot of enemies.
That being said, it is always best to check the records of the vehicle in the LTO (for your further information, LTO vehicle verification can be done online). Also, it wouldn't be too much to check on the seller or dealer. Likewise, it is also smart to look for cars listed on reputable marketplaces such as Philkotse.com.
Thank you for choosing Philkotse.com and we hope our advice can be of some help to your car search!