A car is called a collateral if it was bought on credit and is a collateral for securing a loan or is a collateral for some other loan. In both the first and second cases, the holder of the pledge can sell the car at any time without asking the owner about it.
Instructions
Step 1
Especially carefully check the car for a pledge if it was purchased from an authorized dealer and is sold after 3-6 months. More often than not, new cars are unexpectedly collateralized.
Step 2
Call the authorized dealer from whom this vehicle was originally purchased, or better yet, visit him in person with the seller. Find out from him how the car was purchased: on credit or for "real" money. Also, check to see if the seller actually paid money for it. It can be either a cashier's check or a payment order for non-cash payment.
Step 3
Refuse to buy a car if it was not in use for a long time and was soon put up for sale again. It is very difficult to find out the fact that a used car is pledged. It's easier to find a new option to buy.
Step 4
Pay attention to the TCP. A pledged car is most often sold by its duplicate issued to replace the lost one. Also pay attention to the inscriptions and stamps on the fields of the vehicle passport, where special marks are indicated. Refuse to purchase such a machine, as the risk of running into a scammer is quite high.
Step 5
Scrupulously check the passport data of the owner of the car with his data specified in the title. There are often cases when the seller is not the owner of the car at all. Also, in no case buy a car at a pawnshop or similar establishments. The risk of buying a secured car is the least evil that should be expected from such a purchase.
Step 6
Collect the most complete information about the seller. If possible, check it out and take a picture of him. In case you do run into a scammer, this will help you find him and bring him to justice.
Step 7
Be sure to indicate the full purchase price in the purchase agreement. Demand from the seller a written guarantee that the car is not pledged, not sold to anyone else, is not under arrest and is not burdened with the rights of third parties.
