Buying a used car is arguably one of the best ways to get yourself a set of wheels. You can save a lot of money upfront by buying a used car, especially from a private owner, and insurance will also cost less. However, if you have just purchased a used car from a private seller, you might not know what to do.
Here are some steps to take after buying your new ride.
- Transfer Ownership Title
If you bought a used car from a dealership, they should handle the title transfer and registration. However, if you purchased the car from an individual seller, you will have to get the title transferred. This helps you become the legal owner of that car and avoid any legal issues.
- Get an Insurance
Experts recommend getting the car insured the moment you purchase it. Third-party car insurance is mandatory in Nigeria, but you can also get a comprehensive insurance plan for your safety.
Fortunately, finding insurance for your car is easy nowadays as you can easily get insurance quotes online from companies. Or, if you already own another car, you can insure the newly purchased car under the same policy and save some money.
- Do Your Car Registration
Now that you have the car insured and the title in hand, it’s time to register the car. Registering your car also helps you guarantee that you’re the vehicle’s legal owner and saves you from future registration issues.
- Inspect the Vehicle
While it is always recommended to get a pre-purchase inspection done, it’s understandable if you don’t have the time to do it before purchasing a car. In that case, experts recommend that you get an inspection done after taking care of the registration and insurance requirements.
A good inspection can detect any current and potential issues down the road, which could end up saving you money in the long run.
- Plan for any Car Maintenance
After getting the car inspected and ensuring it’s in tip-top shape, we recommend checking the car’s owner’s manual to see if there is a maintenance schedule. Maintenance items like tire rotations, oil changes, and even battery changes are very important, so make sure to account for those expenses later down the road.
Conclusion
Now that your new-to-you car is all maintained, registered, and insured, it’s time to enjoy it. At this point, not only did you save a lot of money by not buying a new car, but you also most likely saved money on your insurance and registration fees.
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