12/29/2023 0 Comments Barcleys used car loan calcIt’s normally not cost effective to pay for fully comprehensive insurance for a used car. Remember to keep all the documents until you sell or scrap the car. It’s also a good idea to draw up a contract, even if you’re buying from a friend. When buying from a private seller you’ll be responsible for the paperwork for changing the vehicle over to your name. Most regions in Spain provide an online tax calculator.Īs for the paperwork, buying from a company means they’ll deal with it directly. This tax will be calculated on the official value of the car (make, model, age) and NOT the selling price. If buying from a private seller you’ll have to pay the Impuesto de Transmisiones Patrimoniales. When buying a second hand car in Spain from a dealer you’ll have to pay sales tax – IVA (which should already be included in the price). Additionally check the car registration, previous owners and if any fines are outstanding. Your local Traffic Office ( Jefatura Provincial de Tráfico) can supply a full vehicle report – you’ll need to supply the licence and chassis number.Įven if you do use the Traffic Office service, ask the seller directly for details of the latest ITV and proof that the local road tax has been paid to the Ayuntamiento. Unfortunately for buyers, it can be difficult (and costly) to prove that a fault did not occur after purchase.Īvoid scams by checking all documentation regarding who the car belongs to. However, private sellers are only obliged to give a six month guarantee that covers faults existing at the time of sale. Find offers on dedicated websites and also on social media, especially in local Facebook groups. Buying a used car from a private sellerīuying from a private seller may mean you can save between 1000€ to 3000€ compared with a dealer. When using a dealer could mean you get a discount if you trade in your old car. Warranty (legal and commercial – they may differ).Also any additional ITV tests if the vehicle has been involved in an accident or has been significantly modified/tuned. ITV (official vehicle inspection): date and test result.Brand, model, cc, chasis number and licence plate.Price and validity (must be valid for at least 10 days).Used cars offered by dealers must included, as a minimum, the following details: This may also apply to KM 0 cars too, it depends how they were originally registered. Before purchasing check if the vehicle needs to pass the ITV for you to be able to put it in your name. Ex-rental or driving school cars: Cars that belong to driving schools have a stricter calendar for ITV inspections than privately-owned cars.On the plus-side these cars will often still be covered by the manufacturer’s warranty. Contrary to what their name suggests, KM 0 cars have actually been used, for example for test drives. ![]() Prices are advertised as a lot lower than brand new, but you should check just in case.
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