Top Common Mistakes When Buying a Used Car Abroad

Are you planning to purchase a used car abroad? Even though it is a smart investment, some found themselves regretful investing in one.

Purchasing a new or used car abroad involves a lot of paper works. Also, it consumes a lot of your time and effort. However, if you have successfully purchased the car on your bucket list, new or used, all your efforts become worth it. But what makes others think otherwise?

If you are thinking about purchasing a used car from abroad and if it is your first time do so, check these top mistakes that you need to avoid before you buy a used car from a foreign country:

#1: Buying a car based on looks

A vehicle’s aesthetics does not always imply quality and convenience. When you purchase a used vehicle from abroad, never base your decision solely on its looks. Try to assess the car’s specifications and the advantages of investing in one, especially when purchasing an expensive vintage car as a part of your new collection.

#2: Not checking the vehicle history report

Before agreeing on the terms and conditions of purchasing a used car, you need to check the vehicle history report because overlooking such a task might make you regretful.

The vehicle history report will tell you essential data, including the manufacture details, data about the vehicle’s repairs, remodeling or overhaul, wreckage due to accident, and stolen car. If you are unable to get the data from the seller, try using a Chassis checker or VIN lookup.

A Chassis number and VIN are two unique numbers that link to one vehicle. Vehicles manufactured not later than 1989 are known as Chassis number, but were later changed to VIN. The chassis number or the VIN is often found at the chassis area or the dashboard, or the driver’s side door.

To get the vehicle’s history report, use the chassis number checker by filling up the chassis number in the search bar. If you have VIN, use a VIN lookup.

#3: Forgetting about the Customs Check

Since you are purchasing a used car from abroad, always complete the right documents. If you are new to this, you need to check the customs regarding foreign car purchases. Apply and pay for full customs clearance on the vehicle you have purchased abroad.

If you are bringing the vehicle anywhere in Europe from a non-Europe state, you must check the customs if there is a different requirement that you need to comply with.

Also, it is better to check the needed requirements at the Customs before purchasing the car to ensure you are not missing anything.

Final Thoughts

Buying a vehicle abroad is not an easy task. There are a lot of things to consider and paperwork to do. However, buying one from a foreign country is a good investment, either a new vehicle or a used one.

Lastly, to avoid regrets about purchasing the car, make sure to check the vehicle’s history and specifications. Choose a vehicle not by its appearance but by its quality and the benefits you’ll get from investing in one.

Top 3 Small-Business Ideas that Requires Low Starting Funds

Did you know that you can start a small business using limited funds? Find it how here.

Starting a business requires not only a concrete and stable business plan but also enough funds.

There are a lot of individuals who are interested to start a business. The problem is, some are afraid to start one, perceiving that failure to generate profit will hurt them financially. Others, on the other hand, are thinking big but have limited funds.

But did you know that you can start a small business using low start-up funds? Check out these top small-business ideas that might help you with your business idea.

#1: Try dropshipping business

Dropshipping is one of the smartest business moves for individuals with very limited funds since it does not require an actual store or bulking of products to sell.

In dropshipping, you need to find your niche; the right products to sell to the right audience. Then, make listings in an e-marketplace that allows dropshipping. The next thing you need to do is find a reliable supplier that will help you with your dropshipping business. The suppliers, on the other hand, will do the packaging and the delivery of the product directly to the customer.

Your role in dropshipping is to create listings on the e-market, promote your business, and look for a supplier; then, let the supplier do the rest. In other words, you do not need to spend money to get an actual store and buy bulks of products to sell.

#2: Graphic designing

If you love to do some designs, try becoming a freelance graphic designer. There is a wide range of opportunities in graphic design. It gives you a wide audience with the following services:

  • Creating logos
  • Making brochures
  • T-shirt graphics
  • Creating infographics
  • Making and printing flyers
  • Creating hero images
  • Designing Instagram graphics

In this business, you do not need an actual store, but you have to invest in a well-programmed computer and the skill to promote your business.

#3: Selling home-made goods and handicrafts online

Selling homemade goods and handicrafts is one of the successful low-budget businesses these past few years, especially when everyone went to quarantine due to the pandemic? If you have the nice of making homemade goods or handicrafts, such as baked goods (cake, cookies, and other pastries), soap, candles, and more, why not use it as an opportunity to generate profit? It does not require an actual store since you can do it at home, and you do not need to spend too much on items you probably have at home. However, if you need to make your business more impressive than your competitors, you need to invest in quality equipment and tools that will help build up your business.

Final Thoughts

Starting a business is not an easy task for everyone since it requires time, effort, and money. However, if you have the confidence and a well-researched business plan, you can become successful even if you have limited start-up business funds.