Over half of all car buyers are taking risks trying to save money during the credit crunch – and they could pay the price. Research commissioned by motors.co.uk has revealed that over half of all car owners (55 per cent) said they’ve reduced their budget due to the recession, with one in four (28 per cent) willing to buy from an unknown private seller and one in ten (10 per cent) prepared to opt for a car without service history - if the price is right. Two per cent said they would even pay for a vehicle over the phone without having seen it to save cash. More worryingly the survey also revealed that 60 per cent of drivers don’t know how to check a car is safe and legal with 50 per cent at a loss when it comes to log books, 48 per cent in a muddle over mileage checks and 61 per cent in a spin over the VIN. All of this makes it far easier for rogue sellers to offload stolen cars onto an unwitting buyer.

Genre: Auto Videos

by: RadioLynxContent