Buying used cars is a popular choice for many users in Vietnam in the context of increasing new car prices, while the demand for personal vehicles is still high. However, according to experts in the automotive field, this is a market with many potential risks, especially related to legal documents and vehicle history, if buyers lack experience in inspection.
One of the biggest risks is that the vehicle does not ensure full legality. In fact, cases may occur where the vehicle has not completed the ownership transfer procedures, the vehicle is under bank mortgage, or there is a property dispute. At that time, buyers may encounter difficulties in the process of registering for ownership transfer, or even be unable to complete legal use procedures.
According to the Vietnam Register, vehicle ownership transfer is a mandatory requirement to ensure vehicle management and legal responsibility of the owner. If not implemented in accordance with regulations, users may encounter risks when traffic violations or disputes related to the vehicle occur.
In addition to paperwork issues, the used car market also has many "traps" that are difficult to recognize with the naked eye, such as cars that have had serious accidents but have been repaired, cars that are flooded but have "renovated" their appearance, or meters that are interfered with to reduce the number of kilometers used. These are factors that can directly affect the operating quality and safety of the vehicle.
Talking to Lao Dong Newspaper, Mr. Ta Cong Tien - Director of the American-style Car Market system said that buyers are often subjective when only checking the appearance of the car.
The most worrying risk of old cars is not the external damage but the history of use. Cars that have been flooded or had serious accidents may still operate normally in the early stages, but then serious technical errors can easily arise," Mr. Tien said.
In transactions, purchase and sale contracts need to be notarized to ensure legal validity, avoiding disputes arising later. At the same time, buyers need to be cautious with cars with unusually low prices compared to the market, because this may be a sign of potential problems.
Used cars are a suitable choice for many people with limited budgets, but this market requires understanding and thorough testing. Equipping basic knowledge of law and technology will help buyers minimize risks, ensure safety and rights during long-term use.
