Are you a first-time buyer searching for a top quality Low Load Trailer, commonly referred as the low loader trailer? You don’t want to end up buying a defective or stolen Low Load Trailer so I recommend you read this guide:
Prior the purchase
It’s a standard procedure, regardless of whether you are buying the Low Load Trailer at a local dealer’s shop or ordering it online from a well-known trailer manufacturer, you need to check the following details:
Official registration of the Low Load Trailer must be readily available to ensure it’s not stolen or reported with defects.
Visit Personal Property Register to verify if the low loader trailer has financial issues.
Know how much it costs to cover transfer or administration fees and other charges that may apply, like tax or stamp duty.
What you have to do when buying a Low Load Trailer
Now that you are finally closing a deal and buying your first low loader trailer, you are required to comply strictly with these requirements:
The seller or dealer and the potential buyer must both sign the transfer application form. Make sure the copy given to you is the trailer’s most recent registration certificate before finalising the sale. In the event the original certificate is no longer available, the seller or dealer must get a replacement and pay the required fees at the customer service center.
The buyer should file the transfer application form within 14 days of purchase at the customer service center and pay the corresponding fees for transfer and tax or stamp duty.
The seller or dealer must file the disposal notice within 14 days.
Am I covered with a warranty?
This is a crucial question that most first-time buyers of Low Load Trailer ask, “Are they covered by a warranty?” If you bought the Low Load Trailer from a legitimate dealer, your rights as a paying customer are protected with warranty coverage, but only for a certain period of time and issues, including visible signs of defects after the purchase.
What does the term “cooling off” mean?
The term “cooling off” means all interested buyers are given at least two days not to go ahead with the purchase, especially if you are buying a secondhand low loader trailer from an accredited local dealer. Keep in mind, this privilege isn’t applicable if you buy the trailer from a direct seller. You will be required to pay a deposit fee of around 10% of the selling price of the Low Load Trailer during the cooling period. In the event you decide not to proceed with the final purchase of the trailer, the dealer has the right to retain 2% of the deposit fee and the balance will be returned to the potential buyer on the next working day after your notice of the cooling off period expires.
Buying your first low loader trailer can be really stressful and leave you mentally drained. Before you make a final purchase, ask a mechanic to check the trailer’s overall condition. Don’t be pressured to close a deal just to get a discount. Remember, this is a major investment that requires careful analysis.
Truck Insurance HQ are brokers that are highly experienced in the transport and machinery sector. Call our friendly team today for advice and obligation free quotes on 1300 815 344 or request a quote online NOW.