The pledge car that comes with risks!

The car dropped into a car that the bank or financial institution seized by borrower who was unable to pay back. Usually, the pledge car is much cheaper than general secondhand cars. Causing those who are looking for a car to use may feel an interesting option however The purchase of a pledge car comes […]

The car dropped into a car that the bank or financial institution seized by borrower who was unable to pay back.
Usually, the pledge car is much cheaper than general secondhand cars.
Causing those who are looking for a car to use may feel an interesting option
however
The purchase of a pledge car comes with the risk that buyers should be aware of

.

General problems of the car pledge

• Car condition may not be good
  Because most of the pledge cars are cars that have been used for a long time
  And may not be well maintainedCausing the car to deteriorateOr have various problems
  Followed, such as the engine has a problem with the suspension or the electrical system has a problem.
• There may be document problems
  Because most pledge cars are often a car that is confiscated from borrowers who are unable to pay back installments.
  Make various documentsOf the car may not be completeOr may have other problems
  Makes the transfer of ownership difficult
• There may be problems with outstanding debt
  Because most pledge cars are often cars that still have outstanding debt with the bank or financial institutions.
  Causing the buyer to be responsible for payment of this debt on behalf of the original borrower
• may be a stolen car
  Because most pledge cars are often a car that is confiscated from borrowers who are unable to pay back installments.
  Causing the opportunity that these cars may be stolen cars

Caution when buying a car, pledge

• Check the condition of the car thoroughly before making a purchase.Especially the engine system
  Suspension and electrical system
• Check various documentsOf the car completely
  Especially the car registration manual and the pawn payment receipt
• Check if the car has a debt or not.
  Which can ask for information from banks or financial institutions that provide car loans
• Check that the car is not a car that has been stolen.
  Which can inquire from the Department of Land Transport