In short:
Victorians buying used cars can have additional consumer protections when purchasing through a licensed motor car trader. These can include statutory warranties, cooling-off periods and access to compensation in some circumstances.
Do Research Before Committing
Victorians buying a used car are being reminded to check what protections apply before handing over their money.
Consumer Affairs Victoria has launched a new information campaign covering buyers’ rights and the rules licensed motor car traders are required to follow.
Buying through a licensed trader can provide protections that generally are not available when purchasing privately.
Depending on the vehicle, these can include a statutory warranty and access to compensation of up to $40,000 through the Motor Car Traders Guarantee Fund.
Buyers can also have a three-day cooling-off period, although this generally does not apply if they take possession of the vehicle immediately.
The Victorian Government is also proposing changes to laws covering unlicensed motor car trading and the regulation of traders across the state.
Anyone looking at buying a used car can check Consumer Affairs Victoria’s guidance for more information on their rights and what to look out for before making a purchase.
