The “big red flag” to avoid when buying a new motor – it could cost you £1,000s

A CAR expert has revealed the “big red flag” to avoid when buying a new motor, or it could end up costing you THOUSANDS.

As average prices for used motors continue to rise, the Vehicle Safe Trading Advisory Group (VSTAG) are warning drivers not to fall for scams when buying a used car.

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This comes after a survey conducted on behalf of the group revealed that 47 per cent of UK motorists are prepared to pay the seller thousands directly from their bank account to secure a good deal.

Speaking on behalf of VSTAG, Tony Neate, the CEO of Get Safe Online told the Daily Express: “Although car buying and selling is as safe as any other purchase, VSTAG is concerned the growing squeeze on household finances may be putting more people at risk of scams.

“After your home, a car is likely to be the largest single purchase you make, and so we want to remind people of the small but simple steps that everyone can take to not only minimise risk but also to put themselves in the strongest position should they be affected by fraud.”

Tony claims drivers should never pay for a car they haven’t seen before.

He continued: “When buying a vehicle, one piece of advice is fundamental. Make sure you see the vehicle ‘in the metal’ before parting with payment.

“Being asked for any sort of money before even seeing that the car exists is a big red flag, so don’t be caught out.”

VSTAG advise drivers to always check the number plate to see if it has been stolen, subject to outstanding finance or written off. 

Additionally, drivers should also check that the cost of the car matches the overall market value, warning that prices that seem too good could be a scam.

And car experts also advise inspecting and test drive the vehicle at the seller’s house before they consider buying it.

Finally, they recommend transferring money via a credit card company – as they may be able to support the buyer if an issue occurs. 

This comes after car experts revealed a common mistake that could cost drivers THOUSANDS when shopping for a new car.

Plus, a money expert revealed how to get the best price for your used car and beat LEZ charges.