How to avoid risks when buying a car: expert advice from the Financial University under the Government

Lawyer and lecturer at the Financial University under the Government Kirill Danilov told what to look for when buying and selling a car. The expert’s advice was shared by the publication “News“.

He noted that before buying it is important to check the presence of restrictions that prevent registration actions, finding the car on the wanted list, the presence of encumbrances with a pledge, and whether the car is jointly owned by the spouses.

To reduce risks, the expert recommends paying the seller only after registering the transfer of ownership of the car. It is also necessary to check the information about the car being pledged through a notary in order to avoid the risk of the bank foreclosing the car in the future due to the previous owner’s debt on the loan.

To check for restrictions on registration actions at the State Traffic Inspectorate, you can use the Car Check service on the traffic police website by the VIN number of the body or chassis. This service also allows you to find out the history of registration of the car in the traffic police, information about the accident and finding the car wanted. To avoid litigation, the expert recommends asking for the consent of the spouse to sell the car and study the documents in detail, paying attention to the compliance of the data in the STS and PTS. It is also worth checking your counterparty for signs of bankruptcy, such as a lot of enforcement proceedings and litigation, which can be done on the FSSP website in the Enforcement Proceedings Data Bank service and on the official websites of the courts.

Formerly autoexpert Maxim Rakitin how to save money on gas. He believes that for this it is necessary to move at a speed of 90 to 110 kilometers per hour.