Caution while buying vehicle - pvt sale - kijiji


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Aashu   
Member since: Nov 04
Posts: 1353
Location: Vaughan

Post ID: #PID Posted on: 24-03-09 09:26:25

Thanks, I got car proof report, costed $ 50 + taxes.

It shows lien which seller had already told us. Other than that it is ok.

Thanks.

P.S. : The inspection guy told that in W5 scam (i have not read about W5 yet and not aware ) car fax had lots of cases that missed accident history in Ontario vehicles but car proof was accurate.



RBO   
Member since: Aug 06
Posts: 1761
Location: Mississauaga

Post ID: #PID Posted on: 24-03-09 16:49:34

P.S. : The inspection guy told that in W5 scam (i have not read about W5 yet and not aware ) car fax had lots of cases that missed accident history in Ontario vehicles but car proof was accurate.




Hi,

Nothing is accurate No carfax or nor carproof, If person did accident repair outside than never will come in report.

Make sure everything is fine in car, like No oil leakage, no rust, no abnormal noise on engine area, etcc..

2 cents from myside



Aashu   
Member since: Nov 04
Posts: 1353
Location: Vaughan

Post ID: #PID Posted on: 24-03-09 18:30:37

ok thanks RBO.

For lien discharge, a letter from lender discharging lien should be ok, correct ?



hchheda   
Member since: Aug 05
Posts: 2245
Location: Woodbridge

Post ID: #PID Posted on: 24-03-09 19:25:54

Quote:
Originally posted by Aashu

ok thanks RBO.

For lien discharge, a letter from lender discharging lien should be ok, correct ?



It needs to be registered with the MTO before you apply for registration as new owner. The change will show up on the UVIP, if printed after the removal of lien.

Good luck. This is the second most strenous purchase after your house..

Hiren



Aashu   
Member since: Nov 04
Posts: 1353
Location: Vaughan

Post ID: #PID Posted on: 24-03-09 20:35:23

HI Hiren : What needs to be registered with the MTO before you apply for registration as new owner : discharge ?

Seller does that or lender of loan ? And how much time it would take meaning if loan was repaid mar 23, when can it be regd ?

We have one UVIP, so i do not think he will get another one. He will give us discharge letter frm lender.



hchheda   
Member since: Aug 05
Posts: 2245
Location: Woodbridge

Post ID: #PID Posted on: 24-03-09 21:20:44

It usually takes 2 working days to update the info at MTO and generally done by the lender. However, you can collect the letter from him and verify with MTO if that is acceptable. One of my friends got it done the same day (lien removal and new registration), but at that time the lender did all the registration process, so we are not very sure what was the procedure.

You can also get another UVIP since it is only $20.00 and all you need is the vehicle's VIN - which you already have on the Carproof report.

I am sure you have already taken care of the insurance policy since it will be needed for the registration.

Good luck.

Hiren



tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 25-03-09 07:05:53

Aashu,
It would be nice if you can share with us the price, year of make and the KM's run. It will help a lot of CD's to understand the true price of second hand vehicles. If confidential, please send me a PM.
IMO, I feel that second hand car's prices have not come down with the recession.

Peace by TK


-----------------------------------------------------------------
I am a Gents and not a Ladies.




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